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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207 5940 Yonge Street

Newtonbrook West Toronto M2M 4M6

$399,900

Residential Condo & Other beds: 2+1 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12647076

Bedrooms:

2+1

Bathrooms:

2

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Bright and spacious 2 Bed + Den suite in a highly desired North York location! This well-designed split-bedroom layout features two large bedrooms with big windows, allowing for plenty of natural light. The open-concept kitchen offers ample counter and cabinet space with a granite countertop breakfast bar, seamlessly flowing into the living/dining area with large windows overlooking peaceful north garden views. The primary bedroom includes a walk-in closet and a 4-piece ensuite bathroom. The good-sized den can be used as a third room or an office space. Enjoy ultimate connectivity with the TTC at your doorstep and just a 10-minute walk to Finch Subway Station, YRT, and the GO Bus Terminal. Surrounded by everything Yonge Street has to offer: shops, restaurants, grocery stores, banks, gyms, and more. Within walking distance to No Frills, the community centre, parks, and the trail, perfect for walking, running, and cycling. Includes one parking space and one locker. A perfect place to call home where comfort, convenience, and location come together.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

800-899

Exposure:

North

Bedrooms:

2+1

Bathrooms:

2.0

Kitchens:

1

Bedrooms Above Grade:

2

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

6

Zoning:

Residential

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

2

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Owned

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker Level:

A

Locker:

Owned

Family Room:

No

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$1,040.2

Maintenance fees include:

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

Taxes:

$2,194 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C07

Listing Sub-Area:

Newtonbrook West

Interior Features:

Auto Garage Door Remote, Carpet Free, Storage Area Lockers

Pets Permitted:

Yes-with Restrictions

Inclusions:

S/S Double Door Fridge, S/S Stove, S/S B/I Dishwasher. B/I White Microwave with exhaustedFan, Front Load White Washer and Dryer, All Existing ELF's and Window Coverings.

Exterior Finish:

Brick

Room Information:

Floor

Type

Size

Other

Flat

Living Room

17'3"5.26 m × 10'6"3.20 m

North View, Picture Window, Combined w/Dining

Flat

Dining Room

17'3"5.26 m × 10'6"3.20 m

North View, Open Concept, Combined w/Living

Flat

Kitchen

12'4"3.76 m × 10'3.05 m

Ceramic Floor, Granite Counters, Stainless Steel Appl

Flat

Primary Bedroom

14'1"4.29 m × 9'10½"3.01 m

Laminate, Walk-In Closet(s), 4 Pc Ensuite

Flat

Bedroom 2

11'3.35 m × 9'2.74 m

Laminate, Closet, Window

Flat

Den

8'2.44 m × 8'2.44 m

Separate Room

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:

1792

Property Management Company:

Papak Management Services Inc.

Listing Info:

Date Listed:

Dec 22, 2025

Original Price:

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Previous Price:

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Listed by THE AGENCY

Data was last updated December 24, 2025 at 05:15 PM (UTC)

Area Statistics

Listings on market:

24

Avg list price:

$625,000

Min list price:

$389,900

Max list price:

$899,000

Avg days on market:

51

Min days on market:

2

Max days on market:

186

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