Looking for condos for sale in Toronto under 350K? Finding an affordable home in the city is possible with a variety of budget-friendly options. Whether you’re looking to buy or lease, these condos provide great investment potential and access to Toronto’s best amenities.

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1607 3 Marine Parade Drive

Mimico Toronto M8V 3Z5

$280,000

Residential Condo & Other beds: 1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12753654

Bedrooms:

1

Bathrooms:

1

• Photos (42)

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Hearthstone by the Bay RETIREMENT condo! This unique opportunity features two separately registered yet physically connected condos: Unit 1607 (611 sq.ft.), which is the unit showcased online, and Unit 1606 (over 1,266 sq.ft.), offered together as one expansive residence totaling over 1,800 sq.ft or they can be sold separately. Please note: the other side (1606) is listed separately. A rare and truly distinctive offering, this combined suite features traditional finishes, hardwood floors, and a smart winged layout ideal for flexibility and privacy. Unit 1607 includes a one-bedroom suite with lounge/den, full bath, and laundry. Unit 1606 offers two bedrooms, two baths, and bright, open-concept living, dining, kitchen & solarium area. The units are internally connected, allowing easy flow between them, yet can be separated in future as well. If you buy 1607 has phenomenal value great for a 611 sq.ft. studio-style condo! Hearthstone by the Bay is a vibrant retirement condominium community on the waterfront, offering a full-service lifestyle while allowing you to maintain ownership of your suite. Included in the MANDATORY MONTHLY SERVICE PACKAGE (Monthly): 4 hours of housekeeping, meal credit ($298.40), 24-hour nurse access, fitness classes, daily activities, shuttle service, and more! See SCHEDULE C for details. Personal care services are available as needed (up to 24/7). Extras: Mandatory Club Fee: $1,990.85 + HST/month (1 occupant)Additional Occupant: $274.34 + HST/month Amenities: Movie Theatre, Hair Salon, Pub, Billiards Area, Outdoor Terrace & More Note: Seller to put up a wall between the two condos should the condos be sold separately.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

600-699

Exposure:

North

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

0

Bedrooms Above Grade:

1

Kitchens Above Grade:

0

Rooms Above Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

13

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

None

Parking Type:

Owned

Parking Spaces:

1

Total Parking Spaces:

1.0

Locker Unit:

B87

Locker:

Owned

Family Room:

Yes

Possession Details:

Tbd

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$670.02

Maintenance fees include:

Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included

Taxes:

$1,595 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W06

Listing Sub-Area:

Mimico

Property Features / Area Influences:

Hospital, Lake/Pond, Marina, Park, Public Transit

Interior Features:

Other

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Washer & Dryer, All Electric Light Fixtures, All Window Coverings. 1 parking, 1 locker.

Exterior Finish:

Concrete

Building Amenities:

Concierge, Gym, Indoor Pool, Media Room, Recreation Room, Visitor Parking

Elevator:

Yes

Room Information:

Floor

Type

Size

Other

Main

Living Room

13'9"4.19 m × 10'6"3.20 m

Hardwood Floor, B/I Fridge, B/I Shelves

Main

Bedroom

10'2"3.10 m × 9'10"3.00 m

Window Floor to Ceiling, Hardwood Floor, W/O To Balcony

Main

Sunroom

10'2"3.10 m × 6'3"1.91 m

Hardwood Floor, Closet, Window Floor to Ceiling

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

2078

Property Management Company:

Charles Garth MacGirr (Executor, Thomas Sheppard)

Listing Info:

Date Listed:

Feb 03, 2026

Original Price:

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Previous Price:

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Listed by Royal Lepage Real Estate Associates, Larose Team

Data was last updated February 7, 2026 at 02:15 PM (UTC)

Area Statistics

Listings on market:

184

Avg list price:

$649,000

Min list price:

$280,000

Max list price:

$4,250,000

Avg days on market:

31

Min days on market:

0

Max days on market:

696

These statistics are generated based on the current listing's property type and located in Mimico. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Why Buy a Condo in Toronto Under 350K?

Buying or leasing a condo under $350K in Toronto comes with many benefits:

• Affordable Homeownership – A budget-friendly entry into Toronto’s real estate market.
• Prime City Location – Access to transit, shopping, entertainment, and job opportunities.
• Great Investment Potential – High demand for rentals ensures strong resale value.
• Low Maintenance Living – Enjoy modern amenities and hassle-free upkeep.

Top Areas with Condos for Sale in Toronto Under 350K

North York – Affordable & Well-Connected

A great option for buyers looking for budget-friendly condos with easy TTC access and local shopping.

Scarborough – Scenic & Cost-Effective

This area offers affordable waterfront and high-rise living, making it ideal for first-time buyers.

Etobicoke – Suburban Comfort in the City

A mix of modern condo developments and older units at competitive prices.

Find Condos for Sale & Lease in Toronto Under $350K

Browse available condos for sale in Toronto under $350K today. Whether you’re looking for a starter home, an investment property, or a rental, you’ll find a variety of options to suit your needs.

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Each link provides updated listings and expert insights.Start exploring and find the condo that best suits your needs and preferences.

FAQs – Condos for Sale in Toronto Under 350K

1. Are there condos available in Toronto for under $350,000?
Yes, you can find studio and one-bedroom condos in select neighborhoods, especially in older buildings or developing areas.

2. Which areas in Toronto offer condos under $350K?
Look in neighborhoods like Scarborough, North York, and parts of Etobicoke for affordable condo options within this price range.

3. What are the typical features of condos under $350K?
These units often include open layouts, essential appliances, shared amenities, and are usually smaller in square footage.

4. Are condos under $350K good investment options?
Yes, affordable condos are great entry points for first-time buyers and can offer rental income potential due to high demand.

5. Do condos under $350K require high maintenance fees?
Maintenance fees vary by building. Some older buildings may have higher fees, so it’s essential to review before purchasing.