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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1503 5 Massey Square

Crescent Town Toronto M4C 5L6

$349,900

Residential Condo & Other beds: 1 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

E12805580

Bedrooms:

1

Bathrooms:

1

• Photos (16)

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1st time Buyers, Down-Sizers & Investors this suite offers great VALUE. Located steps to the subway and Blue Bus Line (20 min to DT). The suite has been UPGRADED and well maintained. SPACIOUS, with room for downsizers to bring cherished treasures &/or for 1st time Buyers to GROW into. The CHEF enthusiast will love the kitchen: GE. Stainless Steel Glass Cooktop, 1 Year new LG. Stainless Fridge, S/S Hood vent, lots of counter space, cupboards and pot drawers. The open concept living area features a wall of glass, sliding doors to the large west facing balcony with views of the Toronto Skyline. The King-sized bedroom has lots of CLOSET SPACE & also offers west DT views. Hardwood floors, Large windows, Natural light, lots of CLOSETS, S/S Appliances are just a few reasons this is such a GREAT SPACE. Located minutes (on foot) to Taylor Creek Park,The Beaches, Shoppers World, Metro, Freshco, Loblaws & the shops on Danforth. Enjoy the multi MILLION dollar recreation centre: indoor swimming, gym, basketball/squash courts, sauna & more... www.crescentownclub.com Condo Fees include :Heat, Water, Hydro, & Basic Cable. This one is too good to not to see! OPen House Sunday February 22 2-4 Pm

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

51-99

Total Approx Floor Area:

600-699

Exposure:

West

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

7

Zoning:

Residential

Additional Info:

Heating type:

Radiant

Heating Fuel:

Electric

Storey:

14

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Surface

Garage Spaces:

0.0

Parking Type:

Rental

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

In Addition To

Maintenance Fee:

$613.31

Maintenance fees include:

Heat Included, Hydro Included, Water Included, Cable TV Included, Common Elements Included, Building Insurance Included

Taxes:

$911.86 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E03

Listing Sub-Area:

Crescent Town

Interior Features:

Carpet Free

Pets Permitted:

Yes-with Restrictions

Inclusions:

Stainless Steel Fridge, Stove hood vent, Window A/C, Light Fixtures, Window Covering.

Exterior Finish:

Brick

Retirement:

No

View:

Downtown

Room Information:

Floor

Type

Size

Other

Flat

Foyer

23'7.01 m × 18'6½"5.65 m

Double Closet, Combined w/Living, Ceramic Floor

Flat

Living Room

23'7.01 m × 18'6½"5.65 m

Parquet, Sliding Doors, W/O To Balcony

Flat

Dining Room

12'3.66 m × 7'1"2.16 m

Parquet, Glass Doors, West View

Flat

Kitchen

11'3"3.43 m × 7'1"2.16 m

Ceramic Floor, Stainless Steel Appl

Flat

Bedroom

16'8"5.08 m × 10'6"3.20 m

Parquet, Double Closet, West View

Flat

Other

4'1.22 m × 3'11¼"1.20 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Flat

No

4

23'7½" x 4'11" 4 Pc Bath

Other Details:

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Air Conditioning:

Other, Window Unit(s)

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In Building

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

76

Property Management Company:

York Cono Corp

Listing Info:

Date Listed:

Feb 20, 2026

Original Price:

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Previous Price:

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Listed by REAL ESTATE HOMEWARD

Data was last updated February 22, 2026 at 08:15 PM (UTC)

Area Statistics

Listings on market:

15

Avg list price:

$429,000

Min list price:

$349,900

Max list price:

$599,900

Avg days on market:

16

Min days on market:

2

Max days on market:

163

These statistics are generated based on the current listing's property type and located in Crescent Town. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• 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.