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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96 Laurel Avenue

Kennedy Park Toronto M1K 3J9

$769,900

Residential Freehold beds: 3+2 baths: 3.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E12349389

Bedrooms:

3+2

Bathrooms:

3

• Photos (26)

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The small cozy house is a good fit for a first time buyer or an investor. No immediate expense required. The basement has been rented out to a small family, generating $1500 a month. The house is located in one of the desirable Scarborough neighborhoods near Midland Avenue and Danforth Road intersection. School, banking facilities, grocery stores, and parks are all within walking distance. TTC is a 3-minute and Go Train 10-minute walk. The driveway is new, and the furnace was changed in 2021 with a 10 years warranty. Washer, dryer, dishwasher, stove, refrigerators - all gas appliances As Is Where Is. The present owner and the tenant would prefer to stay.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

700-1100

Depth:

109'33.2 m

Frontage:

25'7.62 m

Topography:

Flat

Direction Faces:

North

Bedrooms:

3+2

Bathrooms:

3.0

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:

Block

Roof:

Asphalt Shingle

Basement:

Separate Entrance, Finished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Private

Parking Spaces:

2

Total Parking Spaces:

2.0

Family Room:

No

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Assessment Year:

2024

Taxes:

$3,233.11 / 2024

Assessment:

$- / 2024

Listing Area:

Toronto E04

Listing Sub-Area:

Kennedy Park

County Or Parish:

Toronto

Interior Features:

Other

Rental Items:

Hot water Tank.

Inclusions:

Washer, Dryer, B/I Dishwasher, 2 Stove, 2 Fridge, High Effic Gas Furnace, All Gas Appliances As Is Where Is.

Lease to Own Equipment:

None

Exterior Finish:

Brick, Aluminum Siding

Elevator:

No

Retirement:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

7'3"2.21 m × 5'1"1.55 m

Hardwood Floor

Main

Kitchen

9'10"3.00 m × 6'9"2.06 m

Ceramic Floor

Main

Bedroom

7'7¾"2.33 m × 7'3¾"2.23 m

Closet, Hardwood Floor

Main

Bedroom 2

9'6"2.90 m × 7'10"2.39 m

Closet, Hardwood Floor

Main

Bedroom 3

7'2¼"2.19 m × 6'6¾"2.00 m

Basement

Living Room

8'2"2.49 m × 7'5"2.26 m

Basement

Bedroom

9'10"3.00 m × 7'6½"2.30 m

Basement

Bedroom 2

8'2"2.49 m × 8'½"2.45 m

Other Details:

Utilities Cable:

Available

Utilities Telephone:

Available

Utilities Gas:

Available

Utilities Hydro:

Available

Utilities Water:

Available

Sewers:

Available

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

No

Ensuite Laundry:

No

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Aug 17, 2025

Original Price:

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Previous Price:

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• 
  LIVING ROOM
• 
  Photo 2 of 26
• 
  Photo 3 of 26
• 
  Photo 4 of 26
• 
  BEDROOM-1
• 
  WASHROOM-1
• 
  KITCHEN + DINING
• 
  WASHROOM-2
• 
  Photo 9 of 26
• 
  Photo 10 of 26
• 
  Photo 11 of 26
• 
  BEDROOM-2
• 
  BEDROOM-3
• 
  BASEMENT BEDROOM-1
• 
  BASEMENTBEDROOM-2
• 
  BASEMENT KITCHEN+ LIVING
• 
  BASEMENT WASHROOM
• 
  Photo 18 of 26
• 
  LAUNDRY
• 
  WOODEN DECK
• 
  Photo 21 of 26
• 
  Photo 22 of 26
• 
  BACKYARD.
• 
  Photo 24 of 26
• 
  Photo 25 of 26
• 
  PRIVATE PARKING

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Listed by BSS REALTY INC.

Data was last updated September 10, 2025 at 01:15 AM (UTC)

Area Statistics

Listings on market:

19

Avg list price:

$969,000

Min list price:

$769,900

Max list price:

$2,499,999

Avg days on market:

24

Min days on market:

4

Max days on market:

175

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