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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501 3050 Ellesmere Road
Morningside Toronto M1E 5E6

$299,000
Residential Condo & Other beds: 1+1 baths: 2.0

Main Photo: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 1: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 2: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 3: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 4: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 5: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 6: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 7: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 8: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 9: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 10: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 11: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 12: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 13: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 14: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 15: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 16: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 17: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 18: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 19: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 20: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 21: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 22: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 23: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 24: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 25: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Photo 26: 501 3050 Ellesmere Road in Toronto: Morningside Condo Apartment for sale (Toronto E09)  : MLS®# E12913808
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
E12913808
Bedrooms:
1+1
Bathrooms:
2
Stop the search-you've found the one! This oversized 1+1 bedroom gem is a rare find, offering a massive 900 sqft of freshly painted potential just waiting for your personal touch. Experience true peace of mind with a maintenance fee that covers ALL utilities, keeping your lifestyle both stylish and super affordable.The sprawling living and dining layout is a total game-changer, providing more than enough room for a full-sized sectional and a proper dinner table. Tucked away for privacy, the separate kitchen offers ample storage to keep your prep space tidy. Retreat to a primary suite that easily accommodates a King-sized bed and features dual closets plus a full ensuite with laundry. Need a home office, a sun-drenched nursery, or a cozy reading nook? The versatile and sun-filled solarium is ready to adapt to your needs. Beyond your front door, enjoy resort-style amenities including an indoor pool, games room, 24-hour concierge, and plenty of visitor parking. If you crave the outdoors, you're just steps from the lush trails of Morningside Park. Walk to U of T campus, Centennial College and TTC access at the corner. Hospital, Hwy 401, groceries, Walmart, all a short drive away. Big space, small price tag-this is the urban sanctuary you've been waiting for! Unit Virtually Staged. Excellent Value!
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
900-999
Exposure:
South East
Bedrooms:
1+1
Bathrooms:
2.0
Kitchens:
1
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
4
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
4
Balcony:
None
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Type:
Exclusive
Parking Spaces:
0
Total Parking Spaces:
1.0
Locker:
Exclusive
Family Room:
No
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$937
Maintenance fees include:
Heat Included, Hydro Included, Water Included, Building Insurance Included, Parking Included, Common Elements Included, CAC Included
Assessment Year:
2025
Taxes:
$1,289 / 2025
Assessment:
$- / 2025
Toronto
Toronto E09
Morningside
Primary Bedroom - Main Floor
Yes-with Restrictions
Fridge, Stove, Dishwasher, Microwave, Washer & Dryer, Electric Light Fixtures, All Window Coverings (All Chattels In As-Is Condition)
Concrete
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
831
Property Management Company:
Newton Trelawney
Date Listed:
Mar 24, 2026
Original Price:
Previous Price:
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Virtual Tour

Listed by REAL ESTATE HOMEWARD
Data was last updated March 26, 2026 at 06:15 AM (UTC)
Area Statistics
Listings on market:
119
Avg list price:
$499,000
Min list price:
$299,000
Max list price:
$979,000
Avg days on market:
31
Min days on market:
1
Max days on market:
632
These statistics are generated based on the current listing's property type and located in Toronto E09. Average values are derived using median calculations. This data is not produced by the MLS® system.
DARYL  KING
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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.

Explore More GTA Homes:

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.