405 2550 Bathurst Street N in Toronto: Forest Hill North Condo Apartment for sale (Toronto C04) : MLS®# C12699530
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.
At 740 sq ft, this one-bedroom suite offers a layout that's considered and easy to live in. From the front door, the kitchen sits directly ahead-efficiently planned with a breakfast bar for everyday meals-while a short hallway to the right leads to the bedroom and 4-piece bath, keeping the private spaces set apart from the main living area. Past the kitchen, the living room opens up with a large window for consistent natural light and warm parquet floors that add character without fuss. A defined dining nook sits just off the living area, so you can keep a proper table without giving up flow. The bedroom is comfortably sized with two closets, and the suite has been freshly painted for a clean, move-in-ready feel. Extras that matter day to day: a super quiet building, surface parking, and a locker. As a co-ownership apartment, the monthly fees include utilities and property taxes-one clear monthly number that makes budgeting simpler and ownership feel predictable. A well-proportioned one-bedroom in a midtown location, with practical inclusions and steady carrying costs, for buyers ready to trade renting for something more stable.
Heat Included, Building Insurance Included, Water Included, Parking Included
Taxes:
$1,517.61 /
2025
Assessment:
$- /
-
Toronto
Toronto C04
Forest Hill North
Public Transit, Park, School
None
None
Yes-with Restrictions
Freshly Painted! Incl: S/S Stove, Fridge, Microwave, B/I Dishwasher, Brand New Ensuite Washer/Dryer Combo. Total Maintenance Fees $825.69 +$12 parking fee/monthly Includes Maintenance Fees + Property Tax. Not A Co-Op. Co-Ownership. No Board Approval. No Kitec Plumb!
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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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.