Small, rustic and awkardly laid out on a triangle-shaped corner lot, the cheapest house for sale in Toronto right now will cost you $500,000.

That's roughly the same price as an eight-acre forest estate in Monetville, a heritage home with six bathrooms in Powassan, a literal mansion near Sudbury or a "junior one bedroom" condo in downtown Toronto.

It's not entirely spacious, and you won't have views to speak of, but the yellow bungalow at 44 Buttonwood Ave. does have two bedrooms, two bathrooms, and a yard. A real yard!

You'll find what realtors describe as a "charming bungalow" at the corner of Buttonwood and Birch Tree, near Jane and Weston in the up-and-coming Mount Dennis neighbourhood.

Close to restaurants, parks, schools, a hospital and the gorgeous Humber River, the home is well situated within the city, just minutes from a GO station and easily accessible from Hwys 401 and 400.

There's a 7-Eleven within walking distance, which is something cottage country residents can't boast, and a dedicated above-ground parking spot, which no condo-dweller would dare to dream of without a hefty sum of cash to blow.