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Home Canada

What it Means When a Home is Listed for $1

Daniel Crook by Daniel Crook
June 7, 2025
in Canada, Listings, Market Insights
Reading Time: 11 mins read
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You may have found that, while perusing home listings, some have been listed for just a dollar. Why are some properties listed for so little?

Simply put, a home is listed at just a dollar to try and entice more interest from prospective buyers. This strategy ensures that the property will be seen by house hunters with various budgets. This strategy does occasionally see success – take this property for instance, which ended up selling for over $3,000,000, having been listed for just a dollar.

We took a look at a few properties that are currently listed for a dollar this year. Check them out below!

3680 Westney Rd

ROYAL LEPAGE CITIZEN REALTY
ROYAL LEPAGE CITIZEN REALTY
ROYAL LEPAGE CITIZEN REALTY

Property Details

  • Location: Pickering, ON
  • Specs: 7 beds, 1 bath

Looking for a top-notch investment in a booming area? This 10-acre lot in Pickering comes with development approval, a rentable 4-bedroom home, and a prime location at Highway 7 and Westney. A rare chance to build in one of the GTA’s fastest-growing communities.

View the listing here.

17 Yongehurst Rd

home land plus realty ltd.
home land plus realty ltd.
home land plus realty ltd.

Property Details

  • Location: Richmond Hill, ON
  • Specs: 6 beds, 3 baths

This 6-bedroom home sits on a large lot with tons of potential for redevelopment, rentals, or luxury living. Pair it with 15 Yongehurst Rd to create a rare oversized lot perfect for a low-rise project.

View the listing here.

3 Elliott Trail N

HOMELIFE LONDON REALTY INC.
HOMELIFE LONDON REALTY INC.
HOMELIFE LONDON REALTY INC.

Property Details

  • Location: Thames Centre (Thorndale), ON
  • Specs: 3 beds, 3 baths

Live comfortably in this sun-filled home in Thorndale—just minutes from London. With a chef’s kitchen, luxurious master suite, second-floor laundry, and a generous backyard, it’s perfect for modern living. Plus, vendor financing means big savings on CMHC fees.

View the listing here.

38 & 40 Cedarvale Ave

REAL ESTATE HOMEWARD
REAL ESTATE HOMEWARD
REAL ESTATE HOMEWARD

Property Details

  • Location: Toronto, ON
  • Specs: 4 beds, 3 baths

Looking for flexibility and future value? These two homes at 38 & 40 Cedarvale let you live in one and rent the other, or create a spacious multi-family home. With a beautifully upgraded space at 38 and lots of potential at 40, plus severance already in progress, the possibilities are wide open.

View the listing here.

73 Highgrove Cres

ROYAL LEPAGE YOUR COMMUNITY REALTY
ROYAL LEPAGE YOUR COMMUNITY REALTY
ROYAL LEPAGE YOUR COMMUNITY REALTY

Property Details

  • Location: Richmond Hill, ON
  • Specs: 4 beds, 3 baths

Nestled on a quiet crescent in Mill Pond’s Heritage Estates, this charming 4-bedroom home offers a warm, traditional layout with modern updates. Enjoy a spacious kitchen, cozy family room with wood fireplace, and a private backyard patio.

View the listing here.

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Daniel Crook

Daniel Crook

Daniel Crook is a Content Marketing Specialist at Zoocasa. Daniel’s insights provide home buyers and sellers with knowledge of local and national markets to aid them in their real estate pursuits. Daniel covers a multitude of topics, ranging from mortgages to local market trends, as well as data-driven reports uncovering national trends. His work has been featured in outlets such as BNN Bloomberg, CTV News, the National Post and the Globe and Mail. You can find all his latest insights on the Zoocasa blog.

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