The closer you get to the GTA, the less affordable the homes become. This cheap house for sale near Toronto, though, is a different story. Only an hour and a half outside the city sits a spacious two-bedroom property right on the lake for just under $170,000.

This home is located in Keene, Ontario, with panoramic views of Rice Lake.

It has two bedrooms and a spacious living room, complete with cathedral ceilings and large windows to let in tons of natural light.

It also comes with a propane fireplace and "enough space for all your friends to gather," says the listing.

The private backyard deck allows you to enjoy your beautiful surroundings in peace and quiet. You can access it straight from the large dining room.

The home has also gotten some recent upgrades, including new windows, propane heating, and fresh paint. 

It's worth noting that this is a land-lease property, with a $2,000 annual fee. There's also a $647 yearly payment for garbage pickup and maintenance. 

However, a deal like this doesn't come along very often near Toronto, a city where house prices are rising exponentially every year

It isn't the only one, however. A lakefront cabin on a private island near Toronto is currently for sale for just $75,000.

Travel even farther and you'll find this $99,000 house which feels like you have all of Ontario's cottage country to yourself.

There are tons of hidden real estate gems in Ontario. They may not be as luxurious as an art museum-style mansion in Oakville, but they have their own charms.

Two-Bedroom Home on Rice Lake

Price: $169,900 

Address: 74 Paudash St., Keene, ON

Description: An adorable house on the lake with modern upgrades and a spacious deck.

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NOW WATCH This $99K Ontario Lakehouse For Sale Is Like Having Your Own Cottage Country Kingdom

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