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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1917 20 Edward Street
Bay Street Corridor Toronto M5G 0C5

$399,000
Residential Condo & Other beds: +1 baths: 1.0

Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
C12904372
Bedrooms:
+1
Bathrooms:
1
100 Walk Score Open concept Jr 1 br with unobstructed East View in Panda Condo !! Next to New T&T Supermarket and underground visitors parking!! Bright and Spacious !! Prime Location!! Steps away from Subway, Shopping Centre, Restaurants, University, Hospitals.. High end European appliances!! Open Concept br with closet. 24 hrs Concierge /// Hi-Tech Gym /// Large Co-working Space!! Ideal for work from home !! Excellent building for perfect work/life balance!!
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
0-499
Exposure:
East
Bedrooms:
0+1
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
0
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
17
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
0.0
Parking Type:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Locker:
None
Family Room:
No
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Maintenance Fee:
$254.22
Maintenance fees include:
Common Elements Included, Building Insurance Included, Water Included
Taxes:
$2,390.46 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Bay Street Corridor
Clear View, Hospital, Public Transit, School
Built-In Oven, Separate Hydro Meter
Yes-with Restrictions
Nil
Built-in European Fridge, Stove top, Oven, Rangehood & Dishwasher. Washer/Dryer
Nil
Concrete
Bus Ctr (WiFi Bldg), Community BBQ, Concierge, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden
Clear, Downtown
Floor
Type
Size
Other
Flat
Kitchen
9'10" × 9'10"
Combined w/Living, Modern Kitchen, W/O To Balcony
Flat
Living Room
10'6" × 9'10"
Laminate
Flat
Bedroom
11'7" × 7'10½"
Laminate, Closet
Flat
Foyer
Measurements not available
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
2920
Property Management Company:
Comfort Property Management
Building Name:
Panda Condo
Date Listed:
Mar 20, 2026
Original Price:
Previous Price:
Listed by LANDPOWER REAL ESTATE LTD.
Data was last updated March 21, 2026 at 01:15 AM (UTC)
Area Statistics
Listings on market:
195
Avg list price:
$765,000
Min list price:
$330,000
Max list price:
$6,650,000
Avg days on market:
38
Min days on market:
1
Max days on market:
653
These statistics are generated based on the current listing's property type and located in Bay Street Corridor. 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.