Looking for condos for sale in Toronto under 400K? These entry-level listings offer great value in one of Canada’s most in-demand real estate markets. Whether you’re buying your first home or adding to your portfolio, these condos are a smart place to start.

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1046 100 Mornelle Court

Morningside Toronto M1E 4X2

$399,000

Residential Condo & Other beds: 3 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

E12605930

Bedrooms:

3

Bathrooms:

2

• Photos (16)

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Great Location Morningside/Ellesmere/401 Spacious 3 Bedrooms Two-Level Condo Townhouse, Fabulous Investment Opportunity &/Or First Time Homebuyer. Live In As Is, Or Renovate To Your Taste. Open Concept Living/Dining Room Area With A Private Direct Walk-Out and Convenient Access To A Children Playground. Spacious 3 Bedrooms, 2 Full Washrooms, Condo Townhouse, Ensuite Laundry, Walking Distance To Centennial College, U.T.S.C., Pan Am Sports Centre, Hospital, Shopping, Hwy 401 & T.T.C.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Townhouse

Property Attached:

Yes

Home Style:

2-Storey

Total Approx Floor Area:

1200-1399

Exposure:

East

Bedrooms:

3

Bathrooms:

2.0

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

# Main Level Bedrooms:

0

# Main Level Bathrooms:

0

Rooms Above Grade:

5

Rooms:

6

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Electric

Storey:

1

Balcony:

Enclosed

Basement:

None

Fireplace/Stove:

No

Attached Garage:

Yes

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

None

Parking Type:

Exclusive

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker:

Ensuite

Family Room:

No

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$780.96

Maintenance fees include:

Water Included, Common Elements Included, Building Insurance Included, Parking Included

Taxes:

$1,131.1 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E09

Listing Sub-Area:

Morningside

Interior Features:

Carpet Free

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Stove, Washer & Dryer (As Is)

Exterior Finish:

Brick

Elevator:

Yes

Accessibility Features:

Elevator

Room Information:

Floor

Type

Size

Other

Main

Kitchen

13'9"4.19 m × 7'10"2.39 m

B/I Appliances, B/I Closet, Vinyl Floor

Main

Living Room

26'8½"8.14 m × 18'4½"5.60 m

Combined w/Dining, W/O To Balcony

Main

Dining Room

26'8½"8.14 m × 18'4½"5.60 m

Combined w/Living, Breakfast Area

Main

Bedroom 3

15'3"4.65 m × 8'8"2.64 m

Closet, Window

Second

Primary Bedroom

28'10½"8.80 m × 17'11"5.46 m

Walk-In Closet(s), 3 Pc Ensuite

Second

Bedroom 2

22'11"6.99 m × 10'4"3.15 m

Walk-In Closet(s), Large Window

Second

Laundry

Measurements not available

Other Details:

Special Designation:

Accessibility

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Laundry Level:

Upper Level

Business Info:

Condo Corporation Number:

331

Property Management Company:

A.A. Property Management

Building Name:

Skyview Manor

Listing Info:

Date Listed:

Dec 05, 2025

Original Price:

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Previous Price:

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Listed by HOMELIFE/FUTURE REALTY INC.

Data was last updated December 6, 2025 at 09:15 PM (UTC)

Area Statistics

Listings on market:

19

Avg list price:

$699,000

Min list price:

$399,000

Max list price:

$739,000

Avg days on market:

59

Min days on market:

1

Max days on market:

187

These statistics are generated based on the current listing's property type and located in Morningside. 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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Features of Condos for Sale in Toronto Under 400K

Affordable units in this price range typically offer:

• Studio or 1-bedroom layouts ideal for singles or couples
• Functional kitchens, open living space, and in-building laundry
• Access to TTC, grocery stores, and local amenities
• Older buildings with good structure and lower tax rates

Why Choose Toronto Condos Priced Under $400,000

• Ideal for first-time buyers or downsizers on a budget
• Lower monthly payments with CMHC-backed mortgage eligibility
• Opportunities to renovate or rent out for passive income
• Reduced land transfer tax and closing costs

Where to Find Condos for Sale in Toronto Under 400K

Great value can be found in neighbourhoods such as Weston, Scarborough, East York, and parts of North York. Many buildings here offer established communities and access to transit.

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Each link provides updated listings and expert insights.

FAQs – Condos for Sale in Toronto Under 400K

1. Are there move-in-ready condos under 400K in Toronto?
Yes. While some need updates, others are renovated and ready for immediate occupancy.

2. Can I get a mortgage with just 5% down on these properties?
Yes. As long as the unit price is under $500K and you qualify, you can buy with 5% down.

3. Do condos under 400K come with parking or storage?
Some do, but it’s not guaranteed. Be sure to check individual listings for included amenities.

4. Are Toronto condos under $400K a good investment?
Absolutely. They’re affordable entry points into a strong market, often located in up-and-coming areas.