Buying a home in Ontario, especially in some of its biggest cities is going to cost you – a lot. But if you’re looking to purchase your next dream home and are willing to make the move, there are a handful of homes for sale that may be within budget.

We’ve compiled a list of some real estate properties that are on the market right now for less than the average price of a home in Toronto, which is currently at around $1.1 M, according to Zolo. Let’s have a look!

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Here are the homes you can buy for under $500K around Ontario

21 Kent St E – Kawartha Lakes, Ontario 


We start off with this 2 bedroom, 1.5 bathroom bungalow that is ready for move in. There is an unfinished lower level, and lots of storage. It definitely could use some updates, but for the price under $400,000, this could be a great fixer upper!

Price: $389,900

600 Tenth Street – Collingwood, Ontario


This 3 bedroom in Collingwood may make you want to leave the city ASAP. This home has a brand new kitchen, and is very modern. There’s also a new bathroom on the second floor, and the home is good for a family, couples, or anyone looking to downside!

Price: $500,000

8057 Main Street – Adjala-Tosorontio, Ontario

ontario homes
Photo via The Canadian Home

This spacious two-storey, three-bedroom home features two bathrooms, a garage, and two parking spaces. It’s being sold on an “As Is, Where Is” basis, but for the price, you would be able to make this your big dream home.

Price: $530,000

9 Woodfern Crt – Barrie, Ontario


This one just hit the market (as of publication), and it is located in one of Barrie’s most desirable areas. It is a spacious, all-brick detached home with three large bedrooms, an en-suite that includes a separate jet tub! The basement is unfinished, but for the price, you get to add your own flare to it.

Price: $499,900

31 Sprucedale Street – Cardiff, Ontario

ontario small town
Photo via Zolo

Describes as a “perfect starter home or fixer-upper,” this three-bedroom bungalow is located within walking distance to a park, community center, library, LCBO, coffee shop, and more.

It’s definitely worth the price if you’re looking to fulfill a passion project!

Price: $269,000

11101 Highway 118 – Algonquin Highlands, Stanhope

ontario small town
Photo via Zolo

Whether you’re looking for a cottage home or year-round living by Gull River, this is a nature seekers’ sanctuary. The property features a luscious yard and tons of space for boating, fishing, and swimming in the lake.

With three-bedrooms, large living room space, and dining areas with a wood stove, games room, sewing/craft room, and tandem garage, you can’t go wrong. It also has heated floors!!

Price: $749,900

37 Easton Avenue – Tay, Port Mcnicoll

cheap ontario homes
Photo via Zolo

Here’s a raised three-bedroom bungalow worth seeing. The home features an open concept living room area with large windows and a walkout deck.

You’ll get plenty of sun in this quiet and peaceful home. And it is probably cheaper than a Toronto condo!

Price: $699,900

10 Allan Street W- Clifford, Minto

cheap ontario homes
Photo via Zolo

This single-family home features four bedrooms, two bathrooms, and is located in the small yet charming community of Clifford. It’s less than an hour away from Guelph, KW, Owen Sound & Lake Huron.

Price: $535,000

Happy house hunting!