The average Toronto home may still cost over $1M but that doesn't mean there aren't other less expensive options out there. Although it may seem impossible, there are, in fact, several homes for sale in Toronto with asking prices under $300,000.


Now, these homes may not be exactly what ever buyer is looking for -- some are alternative forms of housing like house boats, while others aren't exactly in the most desirable areas. And it goes without saying that they're all fairly small in size. But a low price can be pretty enticing, no matter where it is or what it's for, especially in today's market.

So if you're curious about what's available on the lowest end of the price spectrum in Toronto, here are five homes currently for sale that are all asking less than $300,000.

1. E-39-7 Brimley Road South

cheapest toronto homes for sale

cheapest toronto homes for sale

2. 912 - 4645 Jane St

912 4645 jane street toronto w5706410 1 p

cheapest toronto homes for sale

3. 618 - 4673 Jane Street

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cheapest toronto homes for sale

  • Price: $295,000
  • Bedrooms: 2
  • Bathrooms: 1
  • Size: 800-899 sq. ft
  • Taxes: $240/year
  • Maintenance Fees: $700/month
  • Listed by: Arcrealty Inc.

4. 1112 - 100 Lotherton Pathway

1112 100 lotherton pathway toronto w5696331 1 p

cheapest toronto homes for sale

  • Price: $299,900
  • Bedrooms: 2
  • Bathrooms: 1
  • Size: 600-699 sq. ft
  • Taxes: $815/year
  • Maintenance Fees: $602/month
  • Listed by: RE/MAX Hallmark Realty

5. E-31 - 7 Brimley Road

E 31 7 brimley road toronto e5654733 1 p 1024x683

cheapest toronto homes for sale

  • Price: $299,999
  • Bedrooms: 1+1
  • Bathrooms: 1
  • Size: 0-499 sq. ft
  • Taxes: $700/year
  • Maintenance Fees: $861/month
  • Listed by: Royal LePage Signature Realty

Toronto