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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401 1881 Jane Street

Rustic Toronto M9N 3S7

$299,000

Residential Condo & Other beds: 2 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W13613832

Bedrooms:

2

Bathrooms:

1

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Space, Convenience & Incredible Value! Rarely offered 942 sq. ft. 2-bedroom condo in the desirable Rustic community. Enjoy a bright and functional layout featuring an updated kitchen with oversized ensuite laundry, spacious living and dining areas, abundant storage, a generous 3-piece bath, and a sun-filled west-facing balcony. Complete with 1 underground parking space and 1 locker. Ideally located near parks, scenic trails, schools, shopping, TTC, and major highways, making commuting across the GTA effortless. An exceptional opportunity for homeowners and investors alike.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

[Apartment]

Total Approx Floor Area:

900-999

Exposure:

West

Bedrooms:

2

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Electric

Storey:

4

Balcony:

Open

Basement:

[None]

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

[None]

Parking Type:

Exclusive

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker:

Exclusive

Family Room:

No

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

[Included In]

Maintenance Fee:

$1,320.51

Maintenance fees include:

[Heat Included, Water Included, CAC Included, Common Elements Included, Parking Included]

Taxes:

$1,425.22 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W04

Listing Sub-Area:

Rustic

Interior Features:

[Other]

Pets Permitted:

[Yes-with Restrictions]

Rental Items:

N/A

Inclusions:

Fridge, Stove, Washer, Dryer, All Existing ELFs, All Existing Window Coverings

Exclusions:

N/A

Exterior Finish:

[Brick]

Room Information:

Floor

Type

Size

Other

Flat

Living Room

21'3½"6.49 m × 10'10"3.30 m

Combined w/Dining, W/O To Balcony, Laminate

Flat

Dining Room

11'5"3.48 m × 9'5"2.87 m

Combined w/Living, Laminate

Flat

Kitchen

10'10"3.30 m × 8'3"2.51 m

Eat-in Kitchen, Laminate, Combined w/Laundry

Flat

Bedroom

15'2"4.62 m × 10'5"3.18 m

Laminate, Window

Flat

Bedroom 2

9'2.74 m × 8'11"2.72 m

Laminate, Window

Other Details:

Special Designation:

[Unknown]

Air Conditioning:

[Central Air]

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

[Ensuite]

Business Info:

Condo Corporation Number:

486

Property Management Company:

MRCM 905 507 6726

Listing Info:

Date Listed:

Jul 28, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX EXCEL REALTY LTD.

Data was last updated July 30, 2026 at 12:15 PM (UTC)

Area Statistics

Listings on market:

126

Avg list price:

$489,000

Min list price:

$299,000

Max list price:

$1,100,000

Avg days on market:

43

Min days on market:

0

Max days on market:

334

These statistics are generated based on the current listing's property type and located in Toronto W04. 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.