120 42 Pinery Trail in Toronto: Malvern Condo Townhouse for sale (Toronto E11) : MLS®# E12364020
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.
This fully renovated 2-bedroom, 1-bath home is a standout choice for first-time buyers or anyone looking for stylish, low-maintenance living. Thoughtfully updated from top to bottom, it features brand-new Samsung appliances, a sleek new kitchen, a modern bathroom, and smooth ceilings throughout that give the space a clean, contemporary feel. The open-concept layout is bright and welcoming, and the unit is bathed in sunlight throughout the day, creating a warm and inviting atmosphere. Both bedrooms are generously sized with excellent closet space, making the home as functional as it is cozy. Located in a well-connected neighborhood, you'll have easy access to shopping, dining, public transit, a short drive to 401 and everyday essentials. With its fresh finishes and move-in-ready appeal, this home is the perfect place to start.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Townhouse
Home Style:
Stacked Townhouse
Approx. Age:
16-30
Total Approx Floor Area:
600-699
Exposure:
North West
Bedrooms:
2
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
4
Heating type:
Fan Coil
Heating Fuel:
Gas
Storey:
Ground
Balcony:
None
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Surface
Parking Type:
Owned
Parking Spaces:
1
Total Parking Spaces:
1.0
Locker:
None
Family Room:
No
Possession Details:
30/60/90
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$488.88
Maintenance fees include:
Water Included, Building Insurance Included, Parking Included
Taxes:
$1,364.9 /
2025
Assessment:
$- /
-
Toronto E11
Malvern
Toronto
Public Transit, Park, School
Carpet Free, Primary Bedroom - Main Floor
Porch
Restricted
Heat/Hot Water + AC Rental with Reliance, Transferable to Buyer
BRAND NEW S/S Appliances: Fridge, Dishwasher, Stove, Washer and Dryer. Furnace Equipment, A/C, Boiler Unit & Equipment
Data was last updated August 29, 2025 at 04:15 AM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$649,000
Min list price:
$398,000
Max list price:
$850,000
Avg days on market:
53
Min days on market:
1
Max days on market:
699
These statistics are generated based on the current listing's property type
and located in
Malvern. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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.
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.