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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305 234 Albion Road

Elms-Old Rexdale Toronto M9W 6A5

$399,900

Residential Condo & Other beds: 3 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12486032

Bedrooms:

3

Bathrooms:

2

• Photos (48)

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Discover one of Toronto's best-kept secrets at 234 Albion Road. This bright and functional 3-bedroom, 2-bathroom condo offers over 1,200 sq. ft. of comfortable living - all at a price that's nearly impossible to find in the city! Enjoy an open-concept layout with a private balcony, 1 parking space, and all-inclusive maintenance fees covering heat, hydro, water, A/C, building insurance, and common elements - no surprises, just simplicity. The well-managed, pet-friendly building features an impressive list of amenities: outdoor pool, gym, sauna, party room, meeting room, and 24/7 security. Perfect for families, professionals, or investors looking for a turnkey opportunity in a rapidly growing pocket of Toronto.Location couldn't be better - just a 2-minute walk to TTC transit, and moments to Highways 401, 400, and 427 for seamless access across the GTA. Surrounded by green space and recreation with Pine Point Park & Arena, Louise Russo Park, Acacia Park, playgrounds, splash pads, trails, and sports courts all within walking distance.Top-rated schools, French-language programs, and nearby essentials like Humber River Hospital, fire station, and police division make this a complete package for comfort, convenience, and peace of mind.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

1200-1399

Exposure:

South West

Bedrooms:

3

Bathrooms:

2.0

Kitchens:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

1

Rooms Above Grade:

9

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

3

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Exclusive

Parking Spaces:

1

Total Parking Spaces:

1.0

Locker:

None

Family Room:

Yes

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$1,200

Maintenance fees include:

Hydro Included, Water Included, CAC Included, Building Insurance Included, Parking Included, Common Elements Included

Assessment Year:

2025

Taxes:

$958 / 2025

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto W10

Listing Sub-Area:

Elms-Old Rexdale

Interior Features:

Primary Bedroom - Main Floor

Pets Permitted:

Yes-with Restrictions

Exterior Finish:

Brick

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Business Info:

Condo Corporation Number:

655

Property Management Company:

Metro Toronto Condo Corp

Listing Info:

Date Listed:

Oct 28, 2025

Original Price:

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Previous Price:

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Listed by RIGHT AT HOME REALTY

Data was last updated October 31, 2025 at 04:15 AM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$434,000

Min list price:

$379,000

Max list price:

$539,900

Avg days on market:

14

Min days on market:

2

Max days on market:

83

These statistics are generated based on the current listing's property type and located in Elms-Old Rexdale. 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.

Explore More GTA Homes:

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• Condos for Sale in Toronto Under $400K
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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.