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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304 123 Woodbine Avenue
The Beaches Toronto M4L 3V8

$360,000
Residential Condo & Other beds: 0 baths: 1.0

Main Photo: 304 123 Woodbine Avenue in Toronto: The Beaches Condo Apartment for sale (Toronto E02)  : MLS®# E12682852
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
E12682852
Bathrooms:
1
Prime Beaches Location! Great building with low maintenance fees. Steps to Shops on Queen East, Steps to the Boardwalk. Easy access to TTC and downtown. Great Opportunity for handyman or those looking to invest. Needs TLC. All original interior.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
3-Storey
Total Approx Floor Area:
0-499
Exposure:
West
Bedrooms:
0
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
0
Kitchens Above Grade:
1
Rooms Above Grade:
2
Heating type:
Water
Heating Fuel:
Gas
Storey:
3
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Surface
Parking Type:
Common
Parking Spaces:
1
Total Parking Spaces:
1.0
Locker:
Exclusive
Family Room:
No
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$380
Maintenance fees include:
Building Insurance Included, Common Elements Included, Heat Included, Water Included, Parking Included, Hydro Included
Assessment Year:
2025
Taxes:
$1,742 / 2025
Assessment:
$- / 2025
Toronto
Toronto E02
The Beaches
None
Yes-with Restrictions
Brick
Special Designation:
Unknown
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
Yes
Laundry Access:
Common Area
Condo Corporation Number:
210
Property Management Company:
Eastway Property Management
Date Listed:
Jan 10, 2026
Original Price:
Previous Price:
  • Photo 1: 304 123 Woodbine Avenue in Toronto: The Beaches Condo Apartment for sale (Toronto E02)  : MLS®# E12682852
    Photo 1 of 1
Listed by ROYAL LEPAGE ESTATE REALTY
Data was last updated January 11, 2026 at 02:15 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$808,000
Min list price:
$360,000
Max list price:
$1,849,000
Avg days on market:
23
Min days on market:
1
Max days on market:
122
These statistics are generated based on the current listing's property type and located in The Beaches. Average values are derived using median calculations. This data is not produced by the MLS® system.
DARYL  KING
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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.

Explore More GTA Homes:

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.