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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2508 8 Widmer Street

Waterfront Communities C1 Toronto M5V 0W6

$399,000

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:

C12790604

Bathrooms:

1

• Photos (17)

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AMAZING Modern, Efficiently Designed Studio Suite in the Heart of Toronto's Entertainment District. This bright and airy unit features floor-to-ceiling windows, a sleek kitchen with integrated appliances and quartz countertops, and a spa-inspired 4-piece bathroom with elegant finishes. With a smart open-concept layout, the space comfortably accommodates areas for living, dining, and sleeping, all while maximizing functionality and style. The building offers an impressive suite of amenities tailored to elevate your urban lifestyle. Residents enjoy access to a fully equipped fitness centre, a luxurious party and social lounge, a rooftop terrace with stunning views, a private screening room, and 24-hour concierge service. It also features modern security systems and thoughtfully designed common areas perfect for relaxation or remote work. Residents will enjoy luxury hotel-style living in the heart of the buzzing Theatre district. perfect Walk Score of 100/100 by visiting nearby attractions, such as The Rogers Centre, The Air Canada Centre, Ripley's Aquarium, only few mins walk from St. Andrew & Osgoode TTC station and steps from street cars/bus routes. Easy to access to financial district, University of Toronto, TMU, and George Brown College ,The Financial District, Queen West, TIFF Bell Lightbox, and a variety of top-tier restaurants, cafes, and shops are all nearby. Everyday essentials like grocery stores and pharmacies are easily accessible, Location is extremely convenient making this an ideal home base in one of the City's most connected and energetic neighbourhoods.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Common Element Condo

Home Style:

Apartment

Approx. Age:

0-5

Total Approx Floor Area:

0-499

Exposure:

East

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Electric

Storey:

25

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$315.58

Maintenance fees include:

Common Elements Included

Taxes:

$2,232.09 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C01

Listing Sub-Area:

Waterfront Communities C1

Interior Features:

Other

Pets Permitted:

Yes-with Restrictions

Exterior Finish:

Concrete

Elevator:

Yes

View:

City

Other Details:

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Laundry Closet

Business Info:

Condo Corporation Number:

3079

Property Management Company:

Melbourne Property management

Listing Info:

Date Listed:

Feb 15, 2026

Original Price:

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Previous Price:

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Listed by BAY STREET GROUP INC.

Data was last updated February 17, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

14

Avg list price:

$699,500

Min list price:

$399,000

Max list price:

$999,000

Avg days on market:

28

Min days on market:

2

Max days on market:

154

These statistics are generated based on the current listing's property type and located in Waterfront Communities C1. 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.