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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201 530 Indian Grove

Junction Area Toronto M6P 0B3

$299,900

Residential Condo & Other beds: 0 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12569134

Bathrooms:

1

• Photos (23)

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Welcome to The Duke in the Heart of the Junction!Modern urban living meets small-community charm in this stylish studio suite at 530 Indian Grove. Thoughtfully designed with efficient living space, this east-facing unit offers a bright and airy feel with wall-to-wall windows, 9-ft smooth ceilings, and a smart open-concept layout.The sleek modern kitchen features quartz countertops, a cooktop, oven, microwave, hood fan, integrated dishwasher, and fridge-perfect for city living. You'll also enjoy the convenience of ensuite laundry and a locker for extra storage.Located in one of Toronto's most vibrant neighbourhoods, The Duke is a boutique mid-rise building surrounded by the Junction's best cafés, restaurants, bars, local shops, LCBO, grocery stores, and library-with High Park just down the road. Easy access to TTC, UP Express, and major routes makes getting around the city a breeze.Building amenities include a fully equipped gym, stylish party room, and visitor parking.Perfect for first-time buyers, investors, or those seeking a dynamic lifestyle in one of Toronto's most sought-after communities.Experience life at The Duke-where modern comfort meets authentic Junction character.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Multi-Level

Total Approx Floor Area:

0-499

Exposure:

East

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

3

Additional Info:

Heating type:

Heat Pump

Heating Fuel:

Electric

Storey:

1

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Features:

Underground

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker Level:

level B

Locker Unit:

61

Locker:

Exclusive

Family Room:

No

Possession Details:

Tenanted

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Maintenance Fee:

$324.8

Maintenance fees include:

Building Insurance Included, Common Elements Included

Assessment Year:

2025

Taxes:

$1,832 / 2025

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto W02

Listing Sub-Area:

Junction Area

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Cook Top, Oven, Hood, Microwave + DishwasherWasher + Dryer. All Electrical Light Fixtures

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Main

Foyer

6'5"1.96 m × 6'4"1.93 m

Main

Living Room

12'6¾"3.83 m × 12'2"3.71 m

Main

Bedroom

14'4"4.37 m × 9'9"2.97 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

-

8'1¼" x 5'3"

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

Yes

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

2597

Property Management Company:

Crossbridge Condominium Services

Building Name:

The Duke

Listing Info:

Date Listed:

Nov 22, 2025

Original Price:

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Previous Price:

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Listed by SUTTON GROUP OLD MILL REALTY INC.

Data was last updated November 23, 2025 at 09:15 PM (UTC)

Area Statistics

Listings on market:

31

Avg list price:

$689,000

Min list price:

$299,900

Max list price:

$1,899,999

Avg days on market:

54

Min days on market:

1

Max days on market:

207

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

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• 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.