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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1609 840 Queens Plate Drive

West Humber-Clairville Toronto M9W 6Z3

$389,000

Residential Condo & Other beds: 1+1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12556346

Bedrooms:

1+1

Bathrooms:

1

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Unparalleled panoramic views from the city skyline to the CN Tower await in this 1-bedroom plus den (ideal as a 2nd bedroom or office) suite at the prestigious The Lexington Condominium. With soaring up to 10-foot ceilings, every day is bathed in natural light and features lower-penthouse-style volume. Situated directly across from Woodbine Mall and Woodbine Racetrack and just minutes to Humber College, Etobicoke General Hospital, and Pearson International Airport, the home offers seamless highway access via Hwy 27, 427, 409, 401 & 407. Future transit enhancements add sweet value: the upcoming Finch LRT and a planned GO Station will be steps away. This rare offering includes one parking space, one locker, stainless steel appliances, in-suite laundry, fresh paint, and vinyl flooring, combining for a luxurious lifestyle in an unbeatable location.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

600-699

Exposure:

North East

Bedrooms:

1+1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Electric

Storey:

16

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Owned

Parking Spaces:

1

Total Parking Spaces:

1.0

Locker:

Owned

Family Room:

Yes

Possession Details:

IMM/FLEX

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$586.94

Maintenance fees include:

Heat Included, Water Included, Building Insurance Included, Common Elements Included, CAC Included

Taxes:

$2,417.68 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W10

Listing Sub-Area:

West Humber-Clairville

Interior Features:

Carpet Free

Pets Permitted:

Yes-with Restrictions

Exterior Finish:

Concrete

Building Amenities:

Concierge, Exercise Room, Party Room/Meeting Room, Visitor Parking, Elevator, Gym

Room Information:

Floor

Type

Size

Other

Flat

Living Room

19'2"5.84 m × 9'10"3.00 m

Combined w/Dining

Flat

Kitchen

11'11"3.63 m × 8'½"2.45 m

Flat

Primary Bedroom

13'9"4.19 m × 10'2"3.10 m

Closet

Flat

Den

8'1¼"2.47 m × 7'10½"2.40 m

Other Details:

Special Designation:

Other

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

2627

Property Management Company:

Castle Condo Management

Listing Info:

Date Listed:

Nov 18, 2025

Original Price:

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Previous Price:

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Listed by EXP REALTY

Data was last updated November 20, 2025 at 11:15 PM (UTC)

Area Statistics

Listings on market:

31

Avg list price:

$499,999

Min list price:

$389,000

Max list price:

$689,000

Avg days on market:

37

Min days on market:

2

Max days on market:

290

These statistics are generated based on the current listing's property type and located in West Humber-Clairville. 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.