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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2501 3260 Sheppard Avenue E

Tam O'Shanter-Sullivan Toronto M1T 3K3

$398,880

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:

E12599234

Bedrooms:

1

Bathrooms:

1

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Assignment Sale!! Welcome to this stylish, never-lived-in functional unit offering an open-concept layout with a spacious living and dining area, perfect for relaxing or entertaining. The modern kitchen features stainless steel appliances, quartz countertops, and ample cabinet space. Enjoy your private balcony with unobstructed city views including CN tower - ideal for morning coffee or evening sunsets. The bedroom is generously sized with a large closet, and the 3-piece bath is sleek and contemporary. Located in a well-managed building with premium amenities including a fitness centre, high speed internet, party room, rooftop terrace, and 24-hour concierge. Conveniently situated near Hwy 401, TTC, Fairview Mall shopping, Don Mills Station, restaurants, and parks - everything you need is at your doorstep. Perfect for first-time buyers, investors, or anyone seeking a vibrant urban lifestyle.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

New

Total Approx Floor Area:

500-599

Exposure:

West

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Assignment:

Yes

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

25

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Owned

Parking Spaces:

1

Total Parking Spaces:

1.0

Parking Spot #1:

11

Locker Level:

P1

Locker Unit:

106

Locker:

Owned

Family Room:

No

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

In Addition To

Maintenance Fee:

$418.13

Maintenance fees include:

Heat Included, Parking Included, Water Included, Common Elements Included, Building Insurance Included, Condo Taxes Included, Cable TV Included

Taxes:

$0 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E05

Listing Sub-Area:

Tam O'Shanter-Sullivan

Property Features / Area Influences:

Public Transit, School, Place Of Worship

Interior Features:

Carpet Free

Pets Permitted:

Yes-with Restrictions

Inclusions:

S/S Fridge, S/S Stove, S/S B/I Dishwasher, Microwave, Range Hood Fan, Washer & Dryer, All ELFs, 1 Underground Parking Spot & 1 Locker, Rogers high-speed internet included in maintenance fees.

Exterior Finish:

Concrete

Building Amenities:

Concierge, Exercise Room, Visitor Parking, Gym, Outdoor Pool

Room Information:

Floor

Type

Size

Other

Flat

Kitchen

18'3"5.56 m × 11'6"3.51 m

Laminate, Stainless Steel Appl

Flat

Living Room

18'3"5.56 m × 11'6"3.51 m

Combined w/Dining, Laminate, Open Concept

Flat

Dining Room

18'3"5.56 m × 11'6"3.51 m

Combined w/Living, Laminate, Open Concept

Flat

Bedroom

10'3"3.12 m × 9'9"2.97 m

Large Closet, 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:

0

Property Management Company:

Del Property Management

Building Name:

Pinnacle Toronto East

Listing Info:

Date Listed:

Dec 03, 2025

Original Price:

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Previous Price:

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Listed by CONVERGE REALTY INC.

Data was last updated December 5, 2025 at 04:15 AM (UTC)

Area Statistics

Listings on market:

52

Avg list price:

$499,950

Min list price:

$310,000

Max list price:

$1,680,000

Avg days on market:

36

Min days on market:

1

Max days on market:

585

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.

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.