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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108 3655 Kingston Road
Scarborough Village Toronto M1M 0E2

$399,900
Residential Condo & Other beds: 1+1 baths: 1.0

Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
E12902646
Bedrooms:
1+1
Bathrooms:
1
Beautiful 1+1 Condo in the heart of Scarborough, right by the lake!
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Approx. Age:
0-5
Total Approx Floor Area:
500-599
Exposure:
South
Bedrooms:
1+1
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
5
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
1
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Type:
Exclusive
Parking Spaces:
1
Total Parking Spaces:
1.0
Locker:
None
Family Room:
No
Possession Details:
Owner Occupied
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$580
Maintenance fees include:
Common Elements Included, Parking Included
Taxes:
$2,000 / 2025
Assessment:
$- / -
Toronto
Toronto E08
Scarborough Village
Other
Yes-with Restrictions
Brick
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
0
Property Management Company:
First Service Residential
Date Listed:
Mar 20, 2026
Original Price:
Previous Price:
Listed by RE/MAX REALTRON REALTY INC.
Data was last updated March 21, 2026 at 01:15 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$454,450
Min list price:
$359,000
Max list price:
$635,000
Avg days on market:
44
Min days on market:
2
Max days on market:
556
These statistics are generated based on the current listing's property type and located in Scarborough Village. Average values are derived using median calculations. This data is not produced by the MLS® system.
DARYL  KING
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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.

Explore More GTA Homes:

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.