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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25 Cordova Avenue

Islington-City Centre West Toronto M9A 1B2

$399,900

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:

W12881892

Bedrooms:

1

Bathrooms:

1

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AVAILABLE ASAP! This one Bedroom/1 Bathroom unit is available for immediate possession at Tridel's Westerly I Condos. The Unit boasts an efficient floor plan with 9 ft ceiling, tons of storage, laminate flooring throughout and a large 4 pc bathroom. Unit offers an open concept living dining area which offers large windows & Living area is large enough to have a small dining table and a tv and sofa. Primary bedroom offers a closet and floor to ceiling windows with North East unobstructed views of the Community. Westerly I is more of a boutique style building that offers a Cozy Lobby in the city, a good sized gym, grand party room and good sized guest suites. This building is perfect for commuters and those who work from home. There's ample of visitor parking offered in the building. Come be one of the first residents in the building today!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

New

Total Approx Floor Area:

500-599

Lot Shape:

Rectangular

Exposure:

East

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Zoning:

R1

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

12

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:

0

Locker:

None

Family Room:

Yes

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$401.75

Maintenance fees include:

Building Insurance Included, Common Elements Included

Taxes:

$0 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W08

Listing Sub-Area:

Islington-City Centre West

Property Features / Area Influences:

Park, Public Transit, School, School Bus Route

Interior Features:

Air Exchanger, Built-In Oven, Carpet Free

Exterior Features:

Security Gate, Year Round Living

Security Features:

Security System, Concierge/Security, Carbon Monoxide Detectors

Pets Permitted:

Yes-with Restrictions

Inclusions:

Stainless Steel Fridge, Stove, Oven, Range Hood, Dishwasher, Washer & Dryer, All Existing Light Fixtures.

Exterior Finish:

Concrete

Building Amenities:

Visitor Parking, Exercise Room, Concierge, Guest Suites, Party Room/Meeting Room, Gym

Elevator:

Yes

Retirement:

No

View:

Panoramic

Room Information:

Floor

Type

Size

Other

Main

Family Room

353'8"108.00 m × 78'9"24.00 m

Main

Kitchen

78'9"24.00 m × 25'7"7.80 m

Main

Bedroom

34'1½"10.40 m × 31'6"9.60 m

Main

Dining Room

78'9"24.00 m × 25'7"7.80 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

-

9'10" x 6'6¾"

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In Area

Business Info:

Condo Corporation Number:

0

Property Management Company:

Del Property Management

Listing Info:

Date Listed:

Mar 13, 2026

Original Price:

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Previous Price:

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Listed by BAY STREET GROUP INC.

Data was last updated March 14, 2026 at 03:15 PM (UTC)

Area Statistics

Listings on market:

155

Avg list price:

$539,000

Min list price:

$349,000

Max list price:

$1,499,900

Avg days on market:

31

Min days on market:

1

Max days on market:

548

These statistics are generated based on the current listing's property type and located in Islington-City Centre 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.