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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324 21 Nelson Street

Waterfront Communities C1 Toronto M5V 3H9

$398,000

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:

C12585632

Bedrooms:

1

Bathrooms:

1

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Welcome to Unit 324 at 21 Nelson Street - The Boutique Condos! Discover the ultimate downtown lifestyle in this stylish Junior 1-Bedroom suite, perfectly situated in the heart of Torontos Financial and Entertainment Districts. Offering approximately 424 sq ft of well-planned living space, this residence combines modern finishes, smart design, and an unbeatable location that places you steps from everything the city has to offer. Inside, you'll find a bright and functional layout featuring floor-to-ceiling windows, and a modern open-concept kitchen with stainless-steel appliances, and sleek cabinetry. Contemporary 4-piece bathroom adds a touch of hotel-inspired elegance. Thoughtful design ensures every square foot is maximized for comfort and efficiency. Live the boutique-hotel lifestyle with 24-hour concierge service and an impressive lineup of amenities, including a rooftop terrace and Skyline Lounge with panoramic city views, a fully equipped fitness centre, steam rooms, and private cabanas perfect for entertaining or relaxing above the city buzz. Step outside and immerse yourself in one of Torontos most dynamic neighbourhoods. You're just moments from the PATH, St. Andrew Subway Station, the Shangri-La Hotel, Queen Street West, Scotiabank Arena, Rogers Centre, the CN Tower, and the citys best shopping, dining, and entertainment. Includes one locker for added convenience. Ideal for first-time buyers, investors, or professionals seeking a refined pied-a-terre in the core. Come experience Boutique Living Downtown where style, sophistication, and convenience meet.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

0-499

Exposure:

South

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

3

Balcony:

Juliette

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

None

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker Number:

1

Locker Level:

E

Locker Unit:

71

Locker:

Owned

Family Room:

No

Possession Details:

ASAP

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$401.09

Maintenance fees include:

Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included

Taxes:

$1,938.01 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C01

Listing Sub-Area:

Waterfront Communities C1

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Rental Items:

None.

Inclusions:

Fridge, stove, dishwasher, stacked washer/dryer, window coverings, light fixtures, owned locker.

Exclusions:

None.

Exterior Finish:

Concrete

Room Information:

Floor

Type

Size

Other

Flat

Living Room

16'6"5.03 m × 10'3.05 m

Laminate

Flat

Kitchen

10'11"3.33 m × 8'8"2.64 m

Laminate, Modern Kitchen

Flat

Bedroom

6'11"2.11 m × 6'1.83 m

Laminate, 3 Pc Ensuite

Other Details:

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:

2061

Property Management Company:

Maple Ridge Community Management

Listing Info:

Date Listed:

Nov 28, 2025

Original Price:

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Previous Price:

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Listed by EXECUTIVE REAL ESTATE SERVICES LTD.

Data was last updated November 30, 2025 at 04:15 PM (UTC)

Area Statistics

Listings on market:

700

Avg list price:

$699,400

Min list price:

$349,900

Max list price:

$22,500,000

Avg days on market:

51

Min days on market:

1

Max days on market:

653

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.

Explore More GTA Homes:

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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.