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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405 15 Sewells Road

Malvern Toronto M1B 3V7

$299,900

Residential Condo & Other beds: 1 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

E12702732

Bedrooms:

1

Bathrooms:

1

• Photos (30)

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Welcome to 15 Sewells Rd. This well-maintained 1-bedroom, 1-bath condo offers 708 sq ft of bright, functional living space. The open-concept layout features combined living and dining areas, laminate and vinyl flooring throughout, a spacious bedroom, and an east-facing open balcony. Enjoy the convenience of an ensuite storage room plus an additional locker for all your storage needs. Includes one underground parking space. Building amenities include a gym, party room, newly renovated lobby and hallways, and a laundry room. Maintenance fees include all utilities and Rogers cable. Ideally located in the Malvern neighbourhood, steps to TTC, shopping, groceries, schools, parks, recreation centre, and daily amenities, with quick access to Hwy 401. Perfect for first-time buyers, downsizers, or investors-move-in ready!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

700-799

Exposure:

East

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:

4

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

Underground

Parking Type:

Exclusive

Parking Spaces:

1

Total Parking Spaces:

1.0

Parking Spot #1:

20

Locker Number:

108

Locker Level:

B1

Locker:

Ensuite+Exclusive

Family Room:

No

Possession Details:

Flexible/TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$884.91

Maintenance fees include:

Heat Included, Hydro Included, Water Included, Cable TV Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included

Assessment Year:

2025

Development Charges Paid:

Unknown

Taxes:

$882 / 2025

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto E11

Listing Sub-Area:

Malvern

Property Features / Area Influences:

Library, Park, Public Transit, Rec./Commun.Centre, School, Place Of Worship

Interior Features:

Storage

Security Features:

Security System

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Stove, All Elf's, All Window Coverings, All Furniture in the condo can be included.

Exterior Finish:

Brick

Building Amenities:

Gym, Party Room/Meeting Room, Visitor Parking

Room Information:

Floor

Type

Size

Other

Main

Foyer

8'11"2.72 m × 5'2¼"1.58 m

Vinyl Floor, Closet

Main

Living Room

21'6.40 m × 10'10"3.30 m

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

Main

Dining Room

21'6.40 m × 10'10"3.30 m

Combined w/Living, Laminate

Main

Bedroom

14'4½"4.38 m × 12'7"3.84 m

Laminate, Closet

Main

Utility Room

7'3"2.21 m × 5'3"1.60 m

Vinyl Floor

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Laundry Room

Laundry Level:

Lower Level

Business Info:

Condo Corporation Number:

827

Property Management Company:

Maple Ridge Community Management

Listing Info:

Date Listed:

Jan 16, 2026

Original Price:

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Previous Price:

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• 
  15 Sewells Rd
• 
  Foyer
• 
  Foyer
• 
  Kitchen
• 
  Kitchen
• 
  Kitchen
• 
  Living Room
• 
  Living Room
• 
  Dining Room
• 
  Dining Room
• 
  Dining Room
• 
  Photo 12 of 30
• 
  Living Room
• 
  Bedroom
• 
  Bedroom
• 
  Bedroom
• 
  Photo 17 of 30
• 
  Bathroom
• 
  Bathroom
• 
  En-suite Storage Room
• 
  Photo 21 of 30
• 
  Living Room
• 
  Combined Living and Dining Room
• 
  Photo 24 of 30
• 
  Foyer
• 
  Gym
• 
  Gym
• 
  Laundry Room
• 
  Party Room
• 
  Photo 30 of 30

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Listed by RE/MAX ROUGE RIVER REALTY LTD.

Data was last updated January 16, 2026 at 06:15 PM (UTC)

Area Statistics

Listings on market:

34

Avg list price:

$484,500

Min list price:

$329,000

Max list price:

$569,888

Avg days on market:

44

Min days on market:

1

Max days on market:

207

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