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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406 1195 The Queensway

Islington-City Centre West Toronto M8Z 1R6

$399,000

Residential Condo & Other beds: 1+1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12674700

Bedrooms:

1+1

Bathrooms:

1

• Photos (18)

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Welcome to urban living at its finest! This stylish 1+1 bedroom condo offers contemporary design and convenience in the heart of Etobicoke. Perfect for young professionals, couples, or small families, this unit boasts comfort, functionality, and an unbeatable location. This is the most functional layout The Tailor has to offer for a 1+1 bedroom suite with a separate private den which can be utilized as a home office, guest room, or cozy relaxation area, offering flexibility to suit your lifestyle. The large windows flood the unit with natural light and the 9' ceilings creates a airy ambiance throughout. Exceptional location with a bus stop right in front of the building, close to all amenities nearby (Ikea, Sherway Gardens mall, Costco) and easy access to Gardiner Expressway & 427 for a short drive to downtown. For family with kids and pets, you are steps away from the Senator Marian Maloney Park and the Zorra park (Dog park) to spend the sunny days outside with your loved ones. This building offers Executive Concierge, Fitness Area, Library/Study, BBQ, Lobby Lounge, Rooftop Lounge, Dining Area, Event Space with kitchen, Outdoor Terrace. Take advantage of the affordable maintenance and utilities with this functional sized unit!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

0-5

Total Approx Floor Area:

500-599

Exposure:

North

Bedrooms:

1+1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

4

Balcony:

Open

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:

None

Family Room:

No

Possession Details:

TBD

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$412.17

Maintenance fees include:

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

Taxes:

$2,165.35 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W08

Listing Sub-Area:

Islington-City Centre West

Property Features / Area Influences:

Library, Park, Place Of Worship, Public Transit, School

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Inclusions:

S/S Fridge, S/S Stove, S/S Dishwasher, Washer, Dryer

Exterior Finish:

Concrete

Building Amenities:

Concierge, Exercise Room, Media Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking

Room Information:

Floor

Type

Size

Other

Main

Living Room

Measurements not available

Laminate, Window Floor to Ceiling

Main

Den

Measurements not available

Main

Kitchen

Measurements not available

Quartz Counter, Laminate, Ceramic Backsplash

Main

Bedroom

Measurements not available

Laminate

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Business Info:

Condo Corporation Number:

2996

Property Management Company:

Duka Property Management

Listing Info:

Date Listed:

Jan 08, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX CROSSROADS REALTY INC.

Data was last updated January 11, 2026 at 08:15 PM (UTC)

Area Statistics

Listings on market:

124

Avg list price:

$542,450

Min list price:

$370,000

Max list price:

$885,000

Avg days on market:

59

Min days on market:

1

Max days on market:

486

These statistics are generated based on the current listing's property type and located in Islington-City Centre West. 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.