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.
317 121 McMahon Drive
Toronto
M2K 0C1
$388,888
Residential Condo & Other
beds: 0
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Condo & Other
- MLS® Num:
- C12772532
- Bathrooms:
- 1
- Photos (45)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Condo & Other
- Property Sub Type:
- Condo Apartment
- Home Style:
- Apartment
- Approx. Age:
- 11-15
- 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:
- 3
- Fractional Ownership:
- No
- Zoning:
- RESIDENTIAL
- Assignment:
- No
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Storey:
- 3
- Balcony:
- Terrace
- Basement:
- None
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Type:
- None
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Locker:
- Exclusive
- Family Room:
- No
- HST Applicable To Sale Price:
- Included In
- Maintenance Fee:
- $328.15
- Maintenance fees include:
- Heat Included, Common Elements Included, Building Insurance Included, CAC Included, Water Included
- Development Charges Paid:
- No
- Taxes:
- $1,447.84 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto C15
- Bayview Village
- Public Transit
- Carpet Free
- Concierge/Security
- Yes-with Restrictions
- Fridge, Stove, Hood, Stackable Washer & Dryer.
- Staging Material
- Concrete
- Concierge, Elevator, Guest Suites, Gym, Party Room/Meeting Room, Visitor Parking
- Yes
- No
- Floor
- Type
- Size
- Other
- Flat
- Kitchen
- 17'5½" × 6'4"
- Laminate, Combined w/Living
- Flat
- Living Room
- 11'11" × 11'
- Laminate, Combined w/Kitchen, W/O To Balcony
- Flat
- Other
- 7'10⅞" × 4'10¼"
- 4 Pc Bath, Tile Floor
- 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:
- Ensuite
- Laundry Level:
- Main Level
- Condo Corporation Number:
- 2427
- Property Management Company:
- Toronto Standard Condominium Corporation
- Building Name:
- Tango
-
Photo 1 of 45 -
Photo 2 of 45
-
Photo 3 of 45
-
Photo 4 of 45
-
Photo 5 of 45
-
Photo 6 of 45
-
Photo 7 of 45
-
Photo 8 of 45
-
Photo 9 of 45
-
Photo 10 of 45
-
Photo 11 of 45
-
Photo 12 of 45
-
Photo 13 of 45
-
Photo 14 of 45
-
Photo 15 of 45
-
Photo 16 of 45
-
Photo 17 of 45
-
Photo 18 of 45
-
Photo 19 of 45
-
Photo 20 of 45
-
Photo 21 of 45
-
Photo 22 of 45
-
Photo 23 of 45
-
Photo 24 of 45
-
Photo 25 of 45
-
Photo 26 of 45
-
Photo 27 of 45
-
Photo 28 of 45
-
Pet Spa
-
Pet Spa
-
Photo 31 of 45
-
Photo 32 of 45
-
Photo 33 of 45
-
Photo 34 of 45
-
Photo 35 of 45
-
Photo 36 of 45
-
Photo 37 of 45
-
Photo 38 of 45
-
Photo 39 of 45
-
Photo 40 of 45
-
Photo 41 of 45
-
Photo 42 of 45
-
Photo 43 of 45
-
Photo 44 of 45
-
Photo 45 of 45
- Listings on market:
- 124
- Avg list price:
- $599,000
- Min list price:
- $399,000
- Max list price:
- $2,385,000
- Avg days on market:
- 29
- Min days on market:
- 1
- Max days on market:
- 219
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
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:
- Condos for Sale in Toronto Under $350K
- Waterfront Cottages for Sale in Ontario under $300000
- Houses for Sale Richmond Hill under $500000
- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
- Thornhill Homes For Sale
- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
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.