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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505 38 Grenville Street
Bay Street Corridor Toronto M4Y 1A5

$349,000
Residential Condo & Other beds: 0 baths: 1.0

Main Photo: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 1: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 2: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 3: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 4: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 5: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 6: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 7: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 8: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 9: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 10: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 11: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 12: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 13: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Photo 14: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
C12859716
Bathrooms:
1
*PRICE IMPROVEMENT!* RARE FIJI MODEL - 425 SQ FT WIDE-CONCEPT STUDIO + OWNED LOCKER! This is true livable space with a FULL balcony. Steps to TMU, UofT, Hospitals & the subway. Best value in the Bay St Corridor! Open-concept modern Kitchen, floor-to-ceiling windows, large balcony, private ensuite laundry and 24-hour Concierge. Vacant Possession on closing!
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
0-499
Exposure:
South
Bedrooms:
0
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
0
Kitchens Above Grade:
1
Rooms Above Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
5
Balcony:
Enclosed
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
0.0
Parking Type:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Locker Level:
F
Locker Unit:
175
Locker:
Owned
Family Room:
No
Possession Details:
Vacant Possession on Closing
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$384.64
Maintenance fees include:
Heat Included, Water Included, Common Elements Included, Building Insurance Included, CAC Included
Taxes:
$2,409.61 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Bay Street Corridor
Carpet Free
Yes-with Restrictions
All Existing Light Fixtures, window coverings, locker, fridge, stove, built-in microwave oven with hood, built-in dishwasher, washer & dryer.
None
Concrete
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
2037
Property Management Company:
Vero Property Management
Building Name:
Murano South Tower
Date Listed:
Mar 09, 2026
Original Price:
Previous Price:
  • Photo 1: 505 38 Grenville Street in Toronto: Bay Street Corridor Condo Apartment for sale (Toronto C01)  : MLS®# C12859716
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Listed by HOMELIFE NEW WORLD REALTY INC.
Data was last updated March 17, 2026 at 02:15 PM (UTC)
Area Statistics
Listings on market:
196
Avg list price:
$762,000
Min list price:
$330,000
Max list price:
$6,650,000
Avg days on market:
39
Min days on market:
1
Max days on market:
650
These statistics are generated based on the current listing's property type and located in Bay Street Corridor. 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.