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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2013 195 Redpath Avenue

Mount Pleasant West Toronto M4P 0E4

$398,000

Residential Condo & Other beds: 1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12775886

Bedrooms:

1

Bathrooms:

1

• Photos (23)

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Fantastic Opportunity for First-Time Buyers or Investors! Welcome to City Lights on Broadway South Tower by the award-winning Pemberton Group. This functional 1-bedroom, 1-bath open-concept suite features laminate flooring throughout, a modern kitchen with quartz countertops, stainless steel appliances, and under-cabinet lighting, plus a spa-inspired bathroom with glass shower, pot lights, and extra storage. Locker included. Prime Yonge & Eglinton location just steps to the subway, restaurants, cafés, and shops-ideal for end users or as a high-demand rental. Enjoy over 18,000 sq. ft. of indoor and 10,000 sq. ft. of outdoor amenities, including indoor & outdoor pools, fitness centre, steam room, basketball court, theatre, party room, guest suites, BBQ area, and visitor parking. Exceptional value in one of Midtown Toronto's most desirable communities. **Some photos are virtually staged.**

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

0-5

Total Approx Floor Area:

0-499

Exposure:

North

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

19

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Features:

None

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker Level:

C

Locker Unit:

120

Locker:

Owned

Family Room:

No

Possession Details:

Immediate

Financial Info:

HST Applicable To Sale Price:

In Addition To

Maintenance Fee:

$341.17

Maintenance fees include:

Water Included, Common Elements Included, Building Insurance Included

Taxes:

$1,817.35 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C10

Listing Sub-Area:

Mount Pleasant West

Property Features / Area Influences:

Library, Park, Public Transit, Rec./Commun.Centre, School, School Bus Route

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Inclusions:

Free Internet Is Included.

Exterior Finish:

Concrete

Building Amenities:

Concierge, Guest Suites, Outdoor Pool, Party Room/Meeting Room, Recreation Room, Exercise Room

Elevator:

Yes

Retirement:

No

Room Information:

Floor

Type

Size

Other

Flat

Living Room

8'6¾"2.61 m × 6'8"2.03 m

Combined w/Dining, W/O To Balcony, Laminate

Flat

Dining Room

8'6¾"2.61 m × 6'8"2.03 m

Combined w/Dining, W/O To Balcony, Laminate

Flat

Kitchen

8'11½"2.73 m × 7'10½"2.40 m

Quartz Counter, Stainless Steel Appl, Laminate

Flat

Primary Bedroom

10'5"3.18 m × 8'8"2.64 m

Closet, Window, Laminate

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

2898

Property Management Company:

Del Condo Property Management

Listing Info:

Date Listed:

Feb 10, 2026

Original Price:

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Previous Price:

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Listed by REAL BROKER ONTARIO LTD.

Data was last updated February 11, 2026 at 03:15 AM (UTC)

Area Statistics

Listings on market:

96

Avg list price:

$599,900

Min list price:

$369,000

Max list price:

$3,298,000

Avg days on market:

27

Min days on market:

1

Max days on market:

453

These statistics are generated based on the current listing's property type and located in Mount Pleasant West. 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.