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Cheapest House for Sale in Toronto – Discover Smart Real Estate Deals

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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  • 120 & 122 Earlton Road in Toronto: Tam O'Shanter-Sullivan House for sale (Toronto E05) : MLS®# E14095998

    120 & 122 Earlton Road Tam O'Shanter-Sullivan Toronto M1T 2R6
    Main Photo: 120 & 122 Earlton Road in Toronto: Tam O'Shanter-Sullivan House for sale (Toronto E05) : MLS®# E14095998

    120 & 122 Earlton Road Toronto M1T 2R6 Tam O'Shanter-Sullivan

    $2
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E14095998
    Bedrooms:
    7
    Bathrooms:
    3
    Attention Builders, Developers & Investors! Opportunity to acquire two adjoining properties at 120 & 122 Earlton Rd, offering a combined approximate lot area of 26,780 sq. ft. in Scarborough's Tam O'Shanter-Sullivan community, near Kennedy Rd and Hwy 401. Explore the potential for land assembly, severance or multi-unit redevelopment, subject to applicable approvals. Properties are available individually or together. Buyers and their agents to independently verify all measurements, zoning, permitted uses, servicing and development potential. More details
    Listed by ROYAL LEPAGE SIGNATURE REALTY
    LISTING DETAILS
    DARYL KING

  • House in Toronto

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    Main Photo: House in Toronto

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    Residential Freehold
    LISTING DETAILS
    DARYL KING
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  • House in Toronto

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    Main Photo: House in Toronto

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    Residential Freehold
    LISTING DETAILS
    DARYL KING
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    please create a free account

  • 3446 Lake Shore Boulevard W in Toronto: Long Branch House for sale (Toronto W06) : MLS®# W14032742

    3446 Lake Shore Boulevard W Long Branch Toronto M8W 1N3
    Main Photo: 3446 Lake Shore Boulevard W in Toronto: Long Branch House for sale (Toronto W06) : MLS®# W14032742

    3446 Lake Shore Boulevard W Toronto M8W 1N3 Long Branch

    $445,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W14032742
    Bathrooms:
    2
    Mixed use zoning, one storey building with the commercial unit on the main floor already set up for a hair salon (two hair washing stations installed with water supply and draining, 2-piece bathroom); Basement can be used for either storage or as a residential use (there is a shower there), however the basement does not have a separate entrance (it is accessed from the main floor commecial space) More details
    Listed by RIGHT AT HOME REALTY
    LISTING DETAILS
    DARYL KING

  • 28 Fern Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13503358

    28 Fern Avenue Weston Toronto M9N 1M2
    Main Photo: 28 Fern Avenue in Toronto: Weston House for sale (Toronto W04) : MLS®# W13503358

    28 Fern Avenue Toronto M9N 1M2 Weston

    $449,888
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W13503358
    Attention builders and investors! Rare opportunity in a highly desirable neighbourhood with strong market demand. This property offers exceptional potential for redevelopment, new construction, or long-term investment. An ideal chance to capitalize on a prime location and start your next project right away. Excellent upside in a sought-after area. More details
    Listed by SNOBAR REALTY GROUP INC.
    LISTING DETAILS
    DARYL KING

  • 12 Khedive Avenue in Toronto: Englemount-Lawrence House for sale (Toronto C04) : MLS®# C14085970

    12 Khedive Avenue Englemount-Lawrence Toronto M6A 2G2
    Main Photo: 12 Khedive Avenue in Toronto: Englemount-Lawrence House for sale (Toronto C04) : MLS®# C14085970

    12 Khedive Avenue Toronto M6A 2G2 Englemount-Lawrence

    $450,000
    Residential Freehold
    Status:
    Active Under Contract
    MLS® Num:
    C14085970
    Bedrooms:
    2
    Bathrooms:
    2
    Incredible opportunity to own in the sought-after Lawrence Manor neighborhood. Priced to sell, this is the perfect starter home and a true blank slate, ready for you to create your own custom space. Set on a quiet, family-friendly street surrounded by established homes, it offers the chance to build equity in one of Toronto's most convenient pockets. Minutes to Yorkdale Shopping Centre, TTC subway and bus routes, Allen Road and Highway 401, so commuting across the city is easy. Parks, restaurants, grocery stores, schools and places of worship are all close by. Bring your vision and make it yours! More details
    Listed by SAGE REAL ESTATE LIMITED
    LISTING DETAILS
    DARYL KING

  • House in Toronto

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    Residential Freehold
    LISTING DETAILS
    DARYL KING
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    please create a free account

  • 81 Meadowcliffe Drive in Toronto: Cliffcrest House for sale (Toronto E08) : MLS®# E13811848

    81 Meadowcliffe Drive Cliffcrest Toronto M1M 2X8
    Main Photo: 81 Meadowcliffe Drive in Toronto: Cliffcrest House for sale (Toronto E08) : MLS®# E13811848

    81 Meadowcliffe Drive Toronto M1M 2X8 Cliffcrest

    $499,000
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E13811848
    Trophy estate by the bluffs with an existing guest house, stunning views of Lake Ontario, and a lower lot with potential for severing and developing a multi-unit residence. Generational opportunity to own over an acre of land perched at the edge of the escarpment. Whether it's bringing your dream property to life with the utmost level of privacy, or having the potential in severing the lot to accommodate for multiple units, and creating a truly one of a kind multifamily investment buildout, finding a property of this size with elevated views of lake Ontario is a golden chance that rarely becomes available. Existing guest house can be customized to your liking with the already established footprint. Hydro & gas service are in place. Property is being sold in "as is, where is" condition. More details
    Listed by RARE REAL ESTATE
    LISTING DETAILS
    DARYL KING

  • 68 Trott Square in Toronto: Malvern House for sale (Toronto E11) : MLS®# E14100776

    68 Trott Square Malvern Toronto M1B 1V8
    Main Photo: 68 Trott Square in Toronto: Malvern House for sale (Toronto E11) : MLS®# E14100776

    68 Trott Square Toronto M1B 1V8 Malvern

    $499,800
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E14100776
    Bedrooms:
    3
    Bathrooms:
    2
    **Attention investors or buyers looking to customize their own home** An opportunity to renovate and make it your own at 68 Trott Square. This freehold semi-detached home sits on a quiet, family-friendly square with limited through traffic and offers a practical layout with substantial renovation potential. The open-concept main floor provides a strong starting point for a redesigned living and dining space, while the kitchen includes its own breakfast area. Three large bedrooms offer room to accommodate changing needs, and the finished basement adds usable space along with a two-piece washroom. A standout feature is the very large backyard, complemented by a beautiful deck and sunroom. There is plenty of outdoor space for gardening, entertaining or creating your own backyard retreat. Within the Tom Longboat Junior Public School catchment, this home combines freehold ownership, a low-traffic setting and the opportunity to update the space to suit your own style. Enjoy convenient access to the TTC, Neilson Park, shops, restaurants and much more! More details
    Listed by RIGHT AT HOME REALTY
    LISTING DETAILS
    DARYL KING

  • 128 Spears Street in Toronto: Rockcliffe-Smythe House for sale (Toronto W03) : MLS®# W14082610

    128 Spears Street Rockcliffe-Smythe Toronto M6N 3X7
    Main Photo: 128 Spears Street in Toronto: Rockcliffe-Smythe House for sale (Toronto W03) : MLS®# W14082610

    128 Spears Street Toronto M6N 3X7 Rockcliffe-Smythe

    $499,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W14082610
    Bedrooms:
    2
    Bathrooms:
    2
    Discover the perfect blend of natural beauty, comfort, and convenience! This home sits on a spectacular 186-foot-deep ravine lot, offering a peaceful, picturesque setting surrounded by nature. Featuring a finished basement with a separate entrance and over 800 sq. ft. of total living space, this property offers a cozy and versatile living environment. Conveniently located near public transit, shopping, everyday amenities, and major highways, this home combines tranquil surroundings with easy access to everything you need More details
    Listed by SUTTON GROUP-ADMIRAL REALTY INC.
    LISTING DETAILS
    DARYL KING

  • 52 Craydon Avenue in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W14087798

    52 Craydon Avenue Mount Dennis Toronto M6M 2C7
    Main Photo: 52 Craydon Avenue in Toronto: Mount Dennis House for sale (Toronto W04) : MLS®# W14087798

    52 Craydon Avenue Toronto M6M 2C7 Mount Dennis

    $499,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    W14087798
    Bedrooms:
    3
    Bathrooms:
    2
    Welcome to 52 Craydon Avenue, located in the established Mount Dennis neighbourhood! This 3 bedroom home offers an excellent opportunity for renovators, investors, or buyers looking to bring their own vision to life. With a functional layout and plenty of potential, this property is ready for its next chapter. Conveniently situated close to parks, schools, shopping, public transit, and everyday amenities. Whether you're looking to renovate and make it your own or take on your next investment project, this is an opportunity to add value in a well-connected Toronto neighbourhood. Property is being sold in as is, where is condition. More details
    Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
    LISTING DETAILS
    DARYL KING

  • 140 Barker Avenue in Toronto: Woodbine-Lumsden House for sale (Toronto E03) : MLS®# E14094706

    140 Barker Avenue Woodbine-Lumsden Toronto M4C 2P1
    Main Photo: 140 Barker Avenue in Toronto: Woodbine-Lumsden House for sale (Toronto E03) : MLS®# E14094706

    140 Barker Avenue Toronto M4C 2P1 Woodbine-Lumsden

    $499,900
    Residential Freehold
    Status:
    Active
    MLS® Num:
    E14094706
    Bedrooms:
    3
    Bathrooms:
    1
    Location, Location, Location! Attention Builders, Contractors & Investors! Here is your rare opportunity to own a prime 25 x 106 ft lot in the highly sought-after Woodbine-Lumsden neighbourhood of East York. Nestled on a quiet, family-friendly street surrounded by numerous million-dollar custom new builds, this deep property offers endless potential to build your dream home from the ground up or undertake a major renovation. Unbeatable location just minutes to Woodbine and Main Street Subway Stations, Danforth GO, and quick access to the DVP for an easy downtown commute. Enjoy fantastic local amenities steps away at Stan Wadlow Park, Taylor Creek Park trails, East York Community Centre, Michael Garron Hospital, and the vibrant shops, cafes, and dining along The Danforth. Property and all chattels/fixtures are being sold in strictly "As Is, Where Is" condition without representation or warranty. Don't miss this incredible opportunity to build or invest in a rapidly transforming East End community! More details
    Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
    LISTING DETAILS
    DARYL KING
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Data was last updated October 24, 2026 at 01:15 PM (UTC)
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.

Explore More GTA Homes:

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.

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