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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220 3220 Sheppard Avenue E

Tam O'Shanter-Sullivan Toronto M1T 0B7

$364,900

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:

E12783652

Bathrooms:

1

• Photos (36)

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Bright, thoughtfully designed, and effortlessly functional, this spacious studio offers an exceptional opportunity for first-time buyers, investors, or those seeking a well-connected urban retreat. Featuring a full bathroom and an open-concept living, dining, and kitchen area with soaring 9-foot ceilings, the layout feels airy and inviting. The modern kitchen is equipped with newer stainless steel appliances, seamlessly integrated into the living space for easy everyday living and entertaining. A generous walk-in closet provides excellent storage, while the walk-out to a private north-facing terrace extends your living space outdoors. Enjoy approximately 60 sq ft of balcony space, ideal for morning coffee or quiet evenings. Additional highlights include en-suite laundry and a dedicated parking space for added convenience. Ideally located with easy access to the 401 and 404, commuting across the city is effortless. A smart, stylish space in a location that keeps you connected.

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:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

02

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

None

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

Immediate

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$264.21

Maintenance fees include:

Common Elements Included, Building Insurance Included

Taxes:

$1,297.03 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E05

Listing Sub-Area:

Tam O'Shanter-Sullivan

Property Features / Area Influences:

Public Transit, School

Interior Features:

None

Security Features:

Security System

Pets Permitted:

No

Exterior Finish:

Concrete, Brick Front

Building Amenities:

Concierge, Exercise Room, Guest Suites, Party Room/Meeting Room, Rooftop Deck/Garden, Gym

Room Information:

Floor

Type

Size

Other

Main

Living Room

12'7"3.84 m × 8'6"2.59 m

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

Main

Dining Room

12'7"3.84 m × 8'6"2.59 m

Laminate, W/O To Balcony

Main

Kitchen

12'7"3.84 m × 8'6"2.59 m

Laminate, Granite Counters

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:

2914

Property Management Company:

Nadian-Haaris Property Management Inc.

Listing Info:

Date Listed:

Feb 12, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX HALLMARK REALTY LTD.

Data was last updated February 13, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

47

Avg list price:

$535,000

Min list price:

$305,000

Max list price:

$1,480,000

Avg days on market:

40

Min days on market:

1

Max days on market:

655

These statistics are generated based on the current listing's property type and located in Tam O'Shanter-Sullivan. 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.