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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58B 740 Kennedy Road

Ionview Toronto M1K 2C5

$629,900

Residential Freehold beds: 2+1 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E14031152

Bedrooms:

2+1

Bathrooms:

2

• Photos (25)

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Welcome to 740 Kennedy Road, Unit 58B - Where Style, Space & Convenience Come Together! Discover this beautifully updated and meticulously maintained home offering over 1,700 sq. ft. of total living space in the heart of Scarborough's highly convenient Kennedy and Eglinton neighbourhood! With the feel of a semi-detached home, attached on only one side, this bright and spacious 2+1 bedroom residence offers the perfect combination of comfort, privacy and modern living. Step inside to a sun-filled, open-concept main floor featuring a generous living room with hardwood flooring and pot lights, seamlessly flowing into a stunning renovated eat-in kitchen. Beautifully appointed with marble flooring, quartz countertops, stylish backsplash, stainless steel appliances, built-in microwave, dishwasher and breakfast bar, this inviting space is perfect for everyday living and entertaining. Sliding glass doors lead to your own private, south-facing backyard oasis, complete with a newer deck (2024) and low-maintenance outdoor space, ideal for summer gatherings or simply relaxing. Upstairs, you'll find two generously sized bedrooms and a beautifully renovated 5-piece bathroom (2023). The finished lower level adds exceptional versatility with a spacious recreation room, additional bedroom featuring an above-grade window and double closet, plus a convenient 4-piece bathroom, perfect for guests, extended family or a home office. Thoughtfully updated from top to bottom, this move-in-ready, carpet-free home features upgraded light fixtures, smooth second-floor ceilings, some newer windows, roof (2019) and furnace (2026). Ideally situated in one of Scarborough's most accessible neighbourhoods, just steps to the Eglinton subway and Eglinton Crosstown LRT, with schools, shopping, parks, public transit and an abundance of everyday amenities nearby. A fantastic opportunity to enjoy spacious, stylish, low-maintenance living in an unbeatable location. Simply move in and enjoy!

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Att/Row/Townhouse

Home Style:

2-Storey

Total Approx Floor Area:

1100-1500

Lot Depth:

59'9½"18.2 m

Lot Frontage:

16'11"5.16 m

Direction Faces:

North

Bedrooms:

2+1

Bathrooms:

2.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Rooms Below Grade:

2

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Unknown

Roof:

Unknown

Basement:

Full, Finished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Other

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

60 Days TBA

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Additional Monthly Fees:

$245.81

Taxes:

$3,591.01 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E04

Listing Sub-Area:

Ionview

Property Features / Area Influences:

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

Interior Features:

Carpet Free

Rental Items:

HWT $26.04 monthly

Inclusions:

Fridge, stove, b/i microwave, b/l dishwasher, washer & dryer, elfs, w/coverings, tv bracket, surround sound

Exclusions:

tv's

Exterior Finish:

Brick, Vinyl Siding

Elevator:

No

Retirement:

No

Waterfront:

None

Room Information:

Floor

Type

Size

Other

Main

Living Room

21'7"6.58 m × 13'4"4.06 m

Hardwood Floor, Pot Lights, Open Concept

Main

Dining Room

21'7"6.58 m × 13'4"4.06 m

Hardwood Floor, Open Concept, Combined w/Living

Main

Kitchen

13'4"4.06 m × 12'8"3.86 m

Marble Floor, Quartz Counter, Breakfast Bar

Second

Primary Bedroom

14'3¼"4.35 m × 13'9"4.19 m

Laminate, B/I Closet

Second

Bedroom 2

13'9"4.19 m × 9'1"2.77 m

Laminate, Double Closet

Basement

Recreation

12'1"3.68 m × 9'11"3.02 m

Laminate, Above Grade Window

Basement

Bedroom

12'8"3.86 m × 7'10"2.39 m

Vinyl Floor, Double Closet, Above Grade Window

Other Details:

Utilities Cable:

Yes

Utilities Telephone:

Yes

Utilities Gas:

Yes

Utilities Hydro:

Yes

Utilities Water:

Yes

Sewers:

Yes

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

No

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Oct 14, 2026

Original Price:

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Previous Price:

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Listed by CENTURY 21 PERCY FULTON LTD.

Data was last updated October 24, 2026 at 01:15 PM (UTC)

Area Statistics

Listings on market:

15

Avg list price:

$849,900

Min list price:

$569,000

Max list price:

$1,025,000

Avg days on market:

24

Min days on market:

6

Max days on market:

134

These statistics are generated based on the current listing's property type and located in Toronto E04. 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.