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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6 Hoshlega Drive

Morningside Toronto M1G 2X5

$699,900

Residential Freehold beds: 3+2 baths: 1.0

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• Details
• Photos
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E12409005

Bedrooms:

3+2

Bathrooms:

1

• Photos (11)

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Opportunity, rarely knocks on this quiet little street in Scarborough's Morningside neighbourhood! This solid 3+2 Bedroom, Brick Bungalow has good bones, but ready for a new chapter! Great potential here for an investor, handyman or contractor! The spacious main floor (1,074 sq ft) has a combined living/dining room, eat-in kitchen and 3 good sized bedrooms. Sitting on a 50 by 100 foot lot, there's a private driveway for 3 vehicles plus a single car garage with storage shed too! The separate rear entrance leads to a full basement that can be transformed into an in-law suite, or self-contained rental unit to help pay the mortgage! The possibilities are endless! Located just minutes to public transit, U of Ts Scarborough Campus, Schools, Parks, Shopping and more!

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Approx. Age:

51-99

Total Approx Floor Area:

700-1100

Depth:

100'30.5 m

Frontage:

50'15.2 m

Lot Shape:

Rectangular

Direction Faces:

North

Bedrooms:

3+2

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

2

Kitchens in Basement:

1

Bedrooms Above Grade:

3

Bedrooms Below Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

5

Rooms Below Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Concrete Block

Roof:

Asphalt Shingle

Basement:

Partially Finished, Full

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:

$3,845.84 / 2025

Assessment:

$- / -

Listing Area:

Toronto E09

Listing Sub-Area:

Morningside

County Or Parish:

Toronto

Interior Features:

In-Law Capability

Exterior Finish:

Aluminum Siding, Brick

Room Information:

Floor

Type

Size

Other

Main

Living Room

18'8"5.69 m × 12'9½"3.90 m

Combined w/Dining

Main

Kitchen

14'5¼"4.40 m × 8'10"2.69 m

Main

Primary Bedroom

11'2"3.40 m × 10'2"3.10 m

Main

Bedroom 2

11'2"3.40 m × 8'10"2.69 m

Main

Bedroom 3

11'2"3.40 m × 8'2"2.49 m

Main

Foyer

10'10"3.30 m × 3'7"1.09 m

Basement

Utility Room

18'½"5.50 m × 8'10"2.69 m

Basement

Kitchen

12'6"3.81 m × 7'10½"2.40 m

Basement

Recreation

16'1"4.90 m × 16'1"4.90 m

Basement

Bedroom 4

11'9¾"3.60 m × 10'2"3.10 m

Basement

Bedroom 5

10'6"3.20 m × 10'2"3.10 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

4

8'10" x 5'3" 4 Pc Bath

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Ensuite Laundry:

No

Listing Info:

Date Listed:

Sep 17, 2025

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE STATE REALTY

Data was last updated September 21, 2025 at 11:15 PM (UTC)

Area Statistics

Listings on market:

18

Avg list price:

$998,500

Min list price:

$699,900

Max list price:

$1,599,999

Avg days on market:

15

Min days on market:

1

Max days on market:

87

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