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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1408 20 Meadowglen Place
Woburn Toronto M1G 0A9

$388,000
Residential Condo & Other beds: 1+1 baths: 1.0

Main Photo: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 1: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 2: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 3: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 4: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 5: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 6: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Photo 7: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
E12726212
Bedrooms:
1+1
Bathrooms:
1
Welcome to ME 2 Condos featuring a stylish and functional 1 bedroom plus den, 1 bathroom suite with 1 parking space and 1 owned locker located on the 14th floor offering a bright open-concept layout with modern finishes throughout, spacious living and dining area with walkout to a private balcony showcasing city views toward Downtown Toronto and Markham Road, primary bedroom with floor-to-ceiling windows providing abundant natural light, versatile separate den ideal for a home office or guest space with room for a single bed, contemporary 4-piece bathroom, resort-style amenities including a Miami-inspired rooftop terrace with pool, BBQ areas and multiple lounging spaces, access to the exclusive ME 2 Club featuring a fitness and yoga studio, sports lounge, billiards and games room, party and dining rooms, guest suites and private theatre, seasonal skating rink on-site in winter, and an unbeatable location close to Hwy 401, public transit, U of T Scarborough, Centennial College, shopping and parks, offering true move-in-ready urban living.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
500-599
Exposure:
West
Bedrooms:
1+1
Bathrooms:
1.0
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:
13
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Features:
None
Parking Type:
Owned
Parking Spaces:
0
Total Parking Spaces:
1.0
Locker:
Owned
Family Room:
No
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$446.18
Maintenance fees include:
Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Taxes:
$1,851.62 / 2025
Assessment:
$- / -
Toronto
Toronto E09
Woburn
None
Yes-with Restrictions
Concrete
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
3078
Property Management Company:
R.A.B. Management
Date Listed:
Jan 23, 2026
Original Price:
Previous Price:
  • Photo 1: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
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  • Photo 6: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
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  • Photo 7: 1408 20 Meadowglen Place in Toronto: Woburn Condo Apartment for sale (Toronto E09)  : MLS®# E12726212
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Listed by RE/MAX COMMUNITY REALTY INC.
Data was last updated January 24, 2026 at 04:15 PM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$501,500
Min list price:
$299,000
Max list price:
$699,000
Avg days on market:
51
Min days on market:
0
Max days on market:
179
These statistics are generated based on the current listing's property type and located in Woburn. 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.