Cheap Homes

10 cheapest homes in Canada

Canada's median housing price is hovering just under $500,000 but that doesn't mean you can't find a home for less than a Tesla Model S (currently listed for $70,000 USD)
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The real estate market in Canada has changed over the last 10 years with many markets setting records for fast-appreciating home prices combined with historical rock-bottom interest rates. This increased interest in real estate has prompted a rise developer building permits for just about every housing type in Canada.

While the median house price in Canada is now $489,841, there are still lots of cheap homes in the country – and some provinces are definitely more affordable than others!

If you are looking for a home and you have a very small budget, here are the 10 cheapest homes that are currently for sale in Canada (as of February 16, 2018).

1. 209 Grey Crescent, Fort McMurray, Alberta

Asking price: $10,000

https://www.zolo.ca/fort-mcmurray-real-estate/209-grey-crescent

The Details

  • Property Taxes: ?
  • 1,289 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 14

This fantastically cheap home comes with a large kitchen and a separate dining area, and there is also a den and a large living room, so it is perfect for a family. The home is available to rent or purchase; whatever works best for you.

2. 8 Ball Trailerpark Oyen, Alberta

Asking price: $10,000

https://www.zolo.ca/oyen-real-estate/8-ball-trailerpark

The Details

  • Property Taxes: ?
  • 1.094 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 100

This three bedroom, one bathroom home comes with a modern open floor plan that makes the inside seem large and airy, and there is also a beautiful wood burning fireplace that adds a traditional, cosy vibe to the home.

3. 241 2nd Ave. E, Bengough, Saskatchewan

Asking price: $10,000

https://www.zolo.ca/bengough-real-estate/241-2nd-ave-e

The Details

  • Property Taxes: ?
  • 464 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 189

This 1 and ¼ story home is in the town of Bengough, and it features a full basement, two bedrooms and a traditional front verandah where you can relax and enjoy the outdoors.

4. 0 64b Government Road, Wawa, Ontario

Asking price: $10,000

https://www.zolo.ca/wawa-real-estate/0-64b-government-rd-

The Details

  • Property Taxes: ?
  • 26,808 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 23

This home is being sold exactly as it is, and it has three bedrooms and one bathroom. The house may need some work, but the need for a quick sale means that this property is a real steal!

5. 1- 1525 Columbia Avenue, Castlegar, British Columbia

Asking price: $11,500

https://www.zolo.ca/castlegar-real-estate/1525-columbia-avenue/1

The Details

  • Property Taxes: ?
  • 768 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 232

This home was first built in 1972, but it was recently renovated with new finishings. The home has a paved driveway, two bedrooms and a full bathroom, and all kitchen appliances are included.

6. 28 Westwood Court, Innisfail, Ontario

Asking price: $12,000

https://www.zolo.ca/innisfail-real-estate/28-westwood-court

The Details

  • Property Taxes: ?
  • 720 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 78

This home is perfect for someone who is looking to buy their first home. The property has a large living room with big windows that make the room light and airy, and there is also a kitchen, a three piece bathroom and a second bedroom. This home needs a little TLC, but it wouldn’t take much effort to transform this property into a beautiful, cosy home!

7. 87 – 219 Grant Street, Forest Grove, Saskatoon, Saskatchewan

Asking price: $12,000

https://www.zolo.ca/saskatoon-real-estate/219-grant-street/87

The Details

  • Property Taxes: ?
  • 896 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 43

This home is perfect for a small family who are looking for their first home. The stationary property has two bedrooms and one bathroom, and it has recently been painted to give it a fresh, modern look. There is also a four piece bathroom, and the home is located near to the local elementary schools and University.

8. 327 3rd St. E Kelvington, Saskatchewan

Asking price: $12,000

https://www.zolo.ca/kelvington-real-estate/327-3rd-st-e

The Details

  • Property Taxes: ?
  • 452 square-feet
  • Bedrooms: 1
  • Bathrooms: 1
  • # Days on the Market: 183

This small home comes with one bedroom, and it will need to be renovated by the next buyer. The garden features lots of beautiful mature trees, so this property definitely has a lot of potential!

9. 1303 Main Road, Dunville, Placentia, Newfoundland

Asking price: $12,500

https://www.zolo.ca/dunville-real-estate/1303-main-road

The Details

  • Property Taxes: ?
  • 1,700 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 93

This cosy home is being sold exactly as it is, and with a little TLC it could quickly become a beautiful full-time home or summer home. The house has a wonderful view of the ocean from the back desk, and there is also a small garden and a basement with a workshop space.

10. 24 Churchill Avenue Wawa, Wawa, Ontario

Asking price: $15,000

 

10 Cheapest homes in Canada

The Details

  • Property Taxes: ?
  • ? square-feet
  • Bedrooms: –
  • Bathrooms: –
  • # Days on the Market: 22

The tenth cheapest home in Canada is a single family home in Wawa. The little home has an estimated mortgage of $53 a month, and the right buyer may choose to renovate the inside.

 

(All homes were for sale as of February 16, 2018.)

Amy Johnson
Amy Johnson

Amy Johnson is a freelance writer and marketing manager. She loves writing, reading and a good cup of tea.