Looking for the cheapest house for sale in Toronto? You’re not alone. With rising prices across the GTA, finding an affordable detached or semi-detached home is a smart move—especially for first-time buyers or investors. Our curated listings feature the most budget-friendly houses in Toronto’s diverse neighborhoods without compromising on location or lifestyle.
20 Howick Avenue
Toronto
M6N 1M8
$588,000
Residential Freehold
beds: 1+1
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- W12038493
- Bedrooms:
- 1+1
- Bathrooms:
- 1
- Photos (30)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- Bungalow
- Approx. Age:
- 100+
- Total Approx Floor Area:
- < 700
- Depth:
- 119'8"
- Frontage:
- 16'
- Lot Shape:
- Irregular
- Direction Faces:
- South
- Bedrooms:
- 1+1
- Bathrooms:
- 1.0
- Water supply:
- Municipal
- Kitchens:
- 1
- Bedrooms Above Grade:
- 1
- Bedrooms Below Grade:
- 1
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 3
- Rooms Below Grade:
- 2
- Ensuite Laundry:
- No
- Zoning:
- Residential
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Block
- Roof:
- Asphalt Shingle
- Basement:
- Separate Entrance
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Private
- Parking Spaces:
- 1
- Total Parking Spaces:
- 1.0
- Family Room:
- No
- Possession Details:
- Immediate
- Lot Irregularities:
- Irregular
- Pool:
- None
- Link:
- No
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $2,997.07 / 2024
- Assessment:
- $- / -
- Toronto W03
- Weston-Pellam Park
- Toronto
- Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
- Carpet Free, Primary Bedroom - Main Floor
- Deck
- Hot Water Tank
- Gas stove (as is), clothes washer and dryer(as is)
- Aluminum Siding
- Floor
- Type
- Size
- Other
- Ground
- Living Room
- 13'3" × 9'10"
- Hardwood Floor, Window
- Ground
- Kitchen
- 13'7" × 10'5"
- W/O To Yard, Ceramic Backsplash, Eat-in Kitchen
- Ground
- Primary Bedroom
- 12'8" × 11'3"
- Hardwood Floor, Closet, Window
- Basement
- Bedroom
- 13'1" × 12'8"
- Ceramic Floor, Window
- Basement
- Den
- 6' × 5'
- Ceramic Floor, Open Concept
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Level:
- Lower Level
- Date Listed:
- Mar 24, 2025
- Original Price:
- $588,000
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- Listings on market:
- 90
- Avg list price:
- $1,026,944
- Min list price:
- $588,000
- Max list price:
- $2,499,900
- Avg days on market:
- 26
- Min days on market:
- 1
- Max days on market:
- 671
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
Explore the Cheapest House Listings in Toronto
Even in one of Canada’s most competitive markets, there are still opportunities to own a home in Toronto under $700,000. Whether you’re looking in Scarborough, North York, or further west, you’ll find affordable options that include:
- Detached and semi-detached homes with renovation potential
- Freehold houses in emerging or transitional areas
- Homes close to public transit, parks, and local shops
- Opportunities for investment, rental income, or personal use
Why Buy a Low-Priced House in Toronto?
Toronto’s real estate market continues to grow—making an affordable home a valuable long-term investment. These properties may need some TLC, but they often come with:
- Lower property taxes and monthly costs
- Room to build equity with upgrades or improvements
- Faster entry into the housing market before prices rise again
Navigating the Home Buying Process
Buying an affordable house in Toronto involves several key considerations, such as financing options, property condition, and potential resale value. Our resources and expert guidance are designed to help you navigate these factors, ensuring a smooth and informed buying process. We offer advice on home inspections, mortgage options, and investment strategies to help you make the best choice for your needs and budget.
Start Your Search for the Cheapest House in Toronto Today
Don’t miss your chance to break into Toronto’s real estate market. Explore listings, set alerts, and get expert guidance from our team to find the best value home for your budget.
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Each link provides updated listings and expert insights.
FAQs – Cheapest House for Sale in Toronto
1. What is considered the cheapest house in Toronto right now?
Prices can start around $500,000–$700,000, depending on location and property type.
2. Which Toronto neighborhoods have the most affordable houses?
Areas like Scarborough, Weston, and parts of North York often have lower-priced listings.
3. Are cheap houses in Toronto good for investment?
Yes. Homes in emerging neighborhoods often appreciate faster and can offer solid rental income.
4. What should I expect from the cheapest homes?
They may need cosmetic upgrades or repairs, but they’re a great way to enter the market.
5. Can I get a mortgage for a low-priced home in Toronto?
Yes. Most banks offer mortgage options for lower-priced homes, especially for first-time buyers with incentives.