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 

Image via ROYAL LEPAGE KAWARTHA LAKES REALTY INC., BROKERAGE

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

Image via RE/MAX BY THE BAY BROKERAGE (UNIT B)

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

Image via CENTURY 21 B.J. ROTH REALTY LTD., BROKERAGE

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!