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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304 569 King Street E

Moss Park Toronto M5A 1M5

$379,999

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:

C12728538

Bedrooms:

1

Bathrooms:

1

• Photos (20)

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Stylish Corktown Loft Living! Discover this rarely offered 1-bedroom, 1-bath loft in one of Toronto's most vibrant neighborhoods. Soaring 10-ft ceilings and polished concrete floors create an airy, modern feel, while the functional open-concept layout blends kitchen, living, and dining spaces seamlessly. The private bedroom area provides a quiet retreat. Step outside to the Queen or King streetcar right at your door for a quick ride to the Financial District, or stroll to the Distillery District's boutiques, cafes, and acclaimed restaurants. Enjoy easy access to the DVP, nearby parks, and Cherry Beach for weekend escapes. This well-managed boutique building of just 46 suites offers a welcoming community with excellent amenities: a rooftop deck with gas BBQ, party room, fitness center, and visitor parking. Whether you're seeking a stylish city home, a chic pied-a-terre, or a smart investment, this Corktown loft delivers the perfect blend of character, convenience, and urban energy.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Property Attached:

Yes

Home Style:

Loft

Total Approx Floor Area:

0-499

Exposure:

North

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

# Main Level Bedrooms:

0

# Main Level Bathrooms:

0

Rooms Above Grade:

3

Rooms:

3

Zoning:

Residential

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Cooling:

Yes

Storey:

3

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Attached Garage:

Yes

Garage:

Underground

Garage Spaces:

0.0

Parking Features:

Underground

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

Immed./TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$425.45

Maintenance fees include:

Common Elements Included, Building Insurance Included, Water Included

Taxes:

$1,975.71 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C08

Listing Sub-Area:

Moss Park

Property Features / Area Influences:

Public Transit

Interior Features:

Carpet Free

Security Features:

Security System

Pets Permitted:

Yes-with Restrictions

Inclusions:

Existing Fridge, Stove, Built-In Microwave (New), Washer, Dryer, All Electrical Light Fixtures.

Exterior Finish:

Concrete

Building Amenities:

Gym, Party Room/Meeting Room, Rooftop Deck/Garden

View:

City

Room Information:

Floor

Type

Size

Other

Ground

Living Room

11'7"3.53 m × 8'8"2.64 m

Combined w/Dining, Window, Concrete Floor

Ground

Kitchen

11'9¾"3.60 m × 9'3"2.82 m

Combined w/Living, Open Concept, Concrete Floor

Ground

Bedroom

11'9¾"3.60 m × 9'5"2.87 m

Separate Room, Large Closet, Concrete Floor

Other Details:

UFFI:

No

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

2156

Property Management Company:

ICON Property Management (416) 236-7979

Listing Info:

Date Listed:

Jan 26, 2026

Original Price:

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Previous Price:

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Listed by REMAX YOUR COMMUNITY REALTY

Data was last updated January 28, 2026 at 08:15 PM (UTC)

Area Statistics

Listings on market:

117

Avg list price:

$645,000

Min list price:

$239,800

Max list price:

$2,199,900

Avg days on market:

40

Min days on market:

1

Max days on market:

634

These statistics are generated based on the current listing's property type and located in Moss Park. 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.