Cheap Homes

10 cheapest homes for sale in Canada

The real estate market in Canada can be fairly expensive with the median house price sitting around $489,800. This can seem seriously overwhelming if you are on a budget but don’t worry, there are still lots of cheap homes for sale in Canada From small traditional properties to fixer-uppers, here are some of the cheapest homes for sale in Canada.

The average house price in Canada is just over $500,000, which is sadly too expensive for many people. However, there are lots of cheaper houses; you just need to know where to look! In fact, it is possible to buy a house for just $10,000.

If you want to buy a home but you have a very tight budget, don’t worry – we’ve got your back. Here are the 10 cheapest homes that are currently for sale in Canada (as of November 23, 2018).

1. #8 – 2324 20 Avenue, Bowden, AB

Asking Price: $14,900

The Details

  • Property Taxes:?
  • 896 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 11

If you want to find an affordable home that doesn’t require much work, consider this home in the town of Bowden in Alberta. The majority of the house was recently replaced with new drywall and the flooring was also upgraded, so you can move in right away!

2. 5424 Route, Lower Derby, NB

Asking Price: $14,900

The Details

  • Property Taxes:?
  • 672 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 12

This prefab home was built in 1962, and it has a kitchen, a living room, a dining room and a full bathroom with a shower. It is perfect for first-time buyers as it doesn’t require any work, especially young couples as it is the right size for starting a family.

3. 24 Lundberg Avenue, Buchans, NFLD

Asking Price: $14,500

The Details

  • Property Taxes:?
  • 1050 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 64

This is a quaint little townhouse that can be found on a quiet, peaceful street. The home comes with front and rear decking, as well as a storage shed at the back of the house that could be used to store a snowmobile. This area is very popular with hunters and fishermen, so it could become a well-loved second holiday home for the right person.

4. 1452 – 1479 Aspen Crescent, Caramat, ON

Asking Price: $12,500

The Details

  • Property Taxes:?
  • 1050 square-feet
  • Bedrooms: 1
  • Bathrooms: –
  • # Days on the Market: 206

This lovely bungalow is situated in Caramat, Ontario, so it is right next to the breath-taking Caramat Lake – and it is also around 350 kilometres away from Thunder Bay, so the homeowner will be surrounded by popular nature destinations! However, the home is being sold as is (and there is no warranty), so if you are interested you should definitely arrange a viewing so you can figure out exactly what work needs doing.

5. 38 Heidi Crescent, Sault Ste Marie, ON

Asking Price: $12,500

The Details

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

If you are looking for an affordable home in a very peaceful area, look no further than this two bedroom house. It has a modern open concept floor plan with a spacious dining room. Outside you will find a storage shed and a woodshed. The home is also surrounded by a beautiful forest, but don’t worry about being too far out of town as the home is just a 15-minute drive away from the city.

6. 41 Eastwood Street, Fredericton, NB

Asking Price: $12,300

The Details

  • Property Taxes:?
  • 1100 square-feet
  • Bedrooms: 3
  • Bathrooms: 1
  • # Days on the Market: 43

This 3 bedroom house is located right next to the city bus route, so it is ideal for commuters. The home currently needs a little work, but it won’t take much to transform it into a beautiful home. There is already a large kitchen with a practical island, a dining room with a patio door and a fairly large bathroom – but it is worth noting that it comes with a 72 hour irrevocable response time on any offers made, so you should only make an offer if you are 100% certain that you want the house.

7. 139 Anfield Road, Anfield, NB

Asking Price: $12,000

The Details

  • Property Taxes:?
  • 16 square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 130

This sweet single-family home is located on a peaceful road and was built in 1920. The house does need some work, including a potential repaint, but it is very solid, so it doesn’t require too much work.

8. 17-9773 Route 17 Route, Saint Jean Baptiste De Restigouche, NB

Asking Price: $12,000

The Details

  • Property Taxes:?
  • 800 square-feet
  • Bedrooms: 1
  • Bathrooms: 1
  • # Days on the Market: 58

This affordable house is situated in a wonderful location for trail riding, fishing, and hunting. The seller is very motivated to get rid of the house, so it is being sold as. It is also worth noting that the house has a well system but it may need to be repaired before anyone can move in.

9. 26 Orchard Crescent, Picadilly, NB

Asking Price: $10,500

The Details

  • Property Taxes:?
  • 672 square-feet
  • Bedrooms: 1
  • Bathrooms: 1
  • # Days on the Market: 74

This affordable mini home is in a great location; it is right next to the highway exit and just a 10-minute drive from town. The property is being sold with the land that it is on, so it doesn’t need to be moved to a new location, and the park owner does provide some cleaning services to residents (such as rubbish removal).

9. 241 2nd Avenue E, Bengough, SK

Asking Price: $10,000

The Details

  • Property Taxes: $700/Yr
  • ? square-feet
  • Bedrooms: 2
  • Bathrooms: 1
  • # Days on the Market: 91

This quaint 1 1/4 storey home can be found in the town of Bengough, and it comes with a full basement that could be turned into a third bedroom or an entertainment space. The home currently doesn’t have any utilities, so the next owner will need to connect these items – but on the bright side, it is possible to get financing for qualified buyers, which is ideal for people with a very strict budget.

Amy Johnson
Amy Johnson

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