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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2001 1 Massey Square

Crescent Town Toronto M4C 5L4

$400,000

Residential Condo & Other beds: 2 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

E12485615

Bedrooms:

2

Bathrooms:

1

• Photos (10)

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Motivated Seller!Nestled in Crescent Town, this fully renovated 2-bedroom condo at 1 Massey Square offers modern upgrades and great value. Located on a higher floor, it features bright, open living with new engineered vinyl flooring, a stylish kitchen with quartz countertops, stainless steel appliances, extended cabinetry, and a sleek backsplash. Enjoy an updated washroom, pot lights, and convenient in-suite laundry.Residents have access to top amenities including a gym, indoor pool, sauna, basketball and squash courts, and 24-hour security. Just steps from Victoria Park Subway Station, schools, daycares, parks, clinics, and shopping-only 20 minutes from downtown Toronto. // Fees:$673 Annual Fee: Includes appliance usage (dishwasher, washer, dryer, 2 lockers). Fee can be reduced if lockers aren't needed.// $867 Monthly Fee: Includes hydro, water, heat, cable, common area maintenance, free community center membership, and 1 parking spot. Fee can be reduced if parking isn't required.Additional perks include 60% off Bell Internet and access to both ensuite laundry and the building's shared laundry room.Currently no A/C unit installed (a small annual fee applies if added).A move-in ready gem in a vibrant, family-friendly neighborhood!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

900-999

Exposure:

North

Bedrooms:

2

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

6

Additional Info:

Heating type:

Radiant

Heating Fuel:

Electric

Storey:

19

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

Underground

Parking Type:

Rental

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker:

Common

Family Room:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$867

Maintenance fees include:

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

Taxes:

$1,130.16 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E03

Listing Sub-Area:

Crescent Town

Interior Features:

Carpet Free, Storage

Pets Permitted:

Yes-with Restrictions

Exterior Finish:

Brick, Stone

Room Information:

Floor

Type

Size

Other

Main

Living Room

20'6"6.25 m × 14'4.27 m

Combined w/Dining, Large Window

Main

Primary Bedroom

16'4.88 m × 11'3.35 m

Window, Closet

Main

Bedroom 2

12'9½"3.90 m × 10'6"3.20 m

Window, Closet

Main

Dining Room

9'2.74 m × 8'2"2.49 m

Combined w/Living, W/O To Balcony

Main

Kitchen

10'9½"3.29 m × 8'2.44 m

Stainless Steel Appl

Main

Foyer

16'4½"4.99 m × 3'.91 m

Closet

Other Details:

Special Designation:

Unknown

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

76

Property Management Company:

YORK CONDOMINIUM CORPORATION

Listing Info:

Date Listed:

Oct 28, 2025

Original Price:

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Previous Price:

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Listed by KELLER WILLIAMS LEGACIES REALTY

Data was last updated October 31, 2025 at 06:15 AM (UTC)

Area Statistics

Listings on market:

22

Avg list price:

$444,450

Min list price:

$349,900

Max list price:

$549,900

Avg days on market:

25

Min days on market:

3

Max days on market:

313

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.