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1512 234 Albion Road in Toronto: Elms-Old Rexdale Condo for sale (Toronto W10) : MLS®# W12704260

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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1512 234 Albion Road
Elms-Old Rexdale Toronto M9W 6A5

$399,999
Residential Condo & Other beds: 2 baths: 1.0

Main Photo: 1512 234 Albion Road in Toronto: Elms-Old Rexdale Condo for sale (Toronto W10) : MLS®# W12704260
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
W12704260
Bedrooms:
2
Bathrooms:
1
Enjoy the rare convenience of one separate, underground parking spaces - a standout advantage as the only unit currently for sale across the three-building complex to offer it. This beautifully 2-bed, 1-bath condo delivers everyday ease and long-term value. Inside, a stylish open-concept layout features wide-plank wood/Tile flooring, kitchen with appliances, and full bath carpet-free, and filled with natural light, the suite extends to a private balcony with sunset views. Toronto Sky Line Humber River Steps to transit, top-rated schools, Humber River trails, golf, the hospital, and major highways - a turnkey opportunity in a prime, commuter friendly location. Property needs TLC Gym, Sauna , Party Room , Children Play Ground . Close to 401, 400 and Highway 27. Mantanice Fee- Include Water, Hydro , CAC, Parking, Building Insurance Common Elements.
Property Type:
Residential Condo & Other
Property Sub Type:
Common Element Condo
Home Style:
Multi-Level
Total Approx Floor Area:
1000-1199
Exposure:
North
Bedrooms:
2
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
7
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
14
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Features:
Other
Parking Type:
Common
Parking Spaces:
0
Total Parking Spaces:
1.0
Locker:
None
Family Room:
Yes
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$1,090.6
Maintenance fees include:
Heat Included, Common Elements Included, Hydro Included, Water Included, Parking Included, CAC Included
Taxes:
$547.28 / 2025
Assessment:
$- / -
Toronto
Toronto W10
Elms-Old Rexdale
Other
Yes-with Restrictions
Fridge, Stove , Microwave/ Exhaust Fan, Washer& Dryer , Light Fixtures , Blinds in Living room, 1 Underground Parking Space. Curtains in Bedrooms.
Brick
Yes
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
655
Property Management Company:
Metropolitan Toronto Condominium Corporation No. 655
Date Listed:
Jan 16, 2026
Original Price:
Previous Price:
  • Photo 1: 1512 234 Albion Road in Toronto: Elms-Old Rexdale Condo for sale (Toronto W10) : MLS®# W12704260
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Listed by RE/MAX WEST REALTY INC.
Data was last updated January 18, 2026 at 12:15 PM (UTC)
DARYL KING
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.

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.