Looking for the cheapest house for sale in Toronto? While Toronto is known for its sky-high real estate prices, budget-conscious buyers can still find great deals in emerging neighbourhoods, older properties, or homes with renovation potential. Whether you’re a first-time buyer or investor, affordable housing opportunities do exist, if you know where to look.

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531 Birchmount Road

Clairlea-Birchmount Toronto M1K 1P1

$699,000

Residential Freehold beds: 2+1 baths: 2.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E12343847

Bedrooms:

2+1

Bathrooms:

2

• Photos (21)

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Attention Builders, Renovators and Visionaries! This is your chance to secure a detached 2+1 bedroom bungalow sitting on an exceptional 43 ft wide lot in one of Scarboroughs most convenient neighbourhoods. Whether you are dreaming of tearing down and building from the ground up or fully renovating to bring your personal dream to life, this property offers a blank canvas to create something truly one of a kind.The existing layout includes a full basement with separate side entrance, a 1+1 kitchen setup ideal for multi-generational living or rental potential, and direct walk-out access from the kitchen to an outdoor deck overlooking the backyard. You will also find a detached garage and a storage shed, adding practicality to this high-potential lot. The location delivers everything you could ask for with steps to transit, minutes to Kennedy Station and Scarborough GO, easy access to major routes, and close proximity to parks, schools, grocery stores, shopping and dining. The neighbourhoods strong mix of long-term residents and new development makes it an area of consistent growth and increasing value. Surrounded by new builds and thoughtful renovations, this propertys wide frontage sets it apart as a rare find. Here is your opportunity to take an empty shell with unlimited potential and turn it into a home or investment that perfectly matches your ambitions.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Depth:

116'2"35.4 m

Frontage:

43'7"13.3 m

Lot Shape:

Rectangular

Direction Faces:

East

Bedrooms:

2+1

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

2

Kitchens in Basement:

1

Bedrooms Above Grade:

2

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Rooms Below Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Unknown

Roof:

Shingles

Basement:

Apartment, Separate Entrance

Fireplace/Stove:

No

Garage:

Detached

Garage Spaces:

1.0

Parking Features:

Private

Parking Spaces:

3

Total Parking Spaces:

4.0

Family Room:

No

Possession Details:

Immediate

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$4,216 / 2025

Assessment:

$- / -

Listing Area:

Toronto E04

Listing Sub-Area:

Clairlea-Birchmount

County Or Parish:

Toronto

Property Features / Area Influences:

Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Interior Features:

Carpet Free, Water Heater Owned

Exterior Features:

Deck, Porch

Inclusions:

One stove included in as-is condition. Home being sold in as-is condition

Exterior Finish:

Brick

Elevator:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

12'9½"3.90 m × 10'10"3.30 m

Bay Window, Hardwood Floor

Main

Dining Room

11'2"3.40 m × 10'10"3.30 m

Hardwood Floor, Large Window

Main

Primary Bedroom

10'10"3.30 m × 10'10"3.30 m

B/I Closet, Hardwood Floor

Main

Kitchen

20'6.10 m × 11'2"3.40 m

Large Window, Overlooks Backyard

Main

Bedroom 2

11'5¾"3.50 m × 9'2¼"2.80 m

Laminate, Overlooks Backyard

-

Recreation

Measurements not available

Concrete Floor

-

Kitchen

Measurements not available

Tile Floor, Finished

-

Bedroom

Measurements not available

Tile Floor

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

Yes

Ensuite Laundry:

No

Listing Info:

Date Listed:

Aug 14, 2025

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Data was last updated September 4, 2025 at 05:15 PM (UTC)

Area Statistics

Listings on market:

42

Avg list price:

$1,109,950

Min list price:

$698,000

Max list price:

$2,349,000

Avg days on market:

30

Min days on market:

1

Max days on market:

142

These statistics are generated based on the current listing's property type and located in Clairlea-Birchmount. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Why Affordable Toronto Homes Are Worth Exploring

• Entry point into one of Canada’s hottest real estate markets
• Opportunity to renovate and build equity
• Perfect for investors seeking rental income
• Found in up-and-coming or transitioning neighbourhoods
• Lower property taxes and mortgage payments

What to Expect from the Cheapest Homes in Toronto

When browsing Toronto’s lowest-priced houses, you’ll often see:

• Bungalows, semi-detached, or older detached homes
• Smaller lot sizes or homes requiring updates
• Basic finishes or dated interiors
• Value-add potential with zoning flexibility or laneway options
• Proximity to transit, future developments, or outer boroughs

Neighbourhood Highlights Near Toronto’s Affordable Homes

Some of the cheapest houses in Toronto can be found in areas like Scarborough, Etobicoke, and parts of North York. These regions offer a mix of older inventory, multi-family zoning, and properties near GO transit or future development zones. While they may not boast luxury appeal upfront, they offer excellent long-term growth and accessibility.

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Each link provides updated listings and expert insights.

FAQs – Cheapest House for Sale in Toronto

1. What is the lowest price for a house in Toronto right now?
As of this month, listings can start as low as $500,000, especially in areas needing renovation or further from the downtown core.

2. Are cheap houses in Toronto a good investment?
Yes, if you’re willing to renovate or rent. Properties under market value tend to appreciate faster when updated.

3. Can I get a mortgage for a fixer-upper home?
Absolutely. Some lenders offer renovation financing options for older or distressed homes.

4. What type of buyer usually targets low-priced homes?
First-time buyers, flippers, and long-term investors looking to add value are most common.