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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407 20 Joe Shuster Way
Waterfront Communities C1 Toronto M6K 0A3

$388,800
Residential Condo & Other beds: 1 baths: 1.0

Main Photo: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 1: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 2: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 3: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 4: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 5: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 6: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 7: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 8: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 9: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 10: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Photo 11: 407 20 Joe Shuster Way in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01)  : MLS®# C12816324
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
C12816324
Bedrooms:
1
Bathrooms:
1
Bright and efficiently designed one-bedroom condo in a prime urban location, offering an exceptional layout that maximizes every square foot. Floor-to-ceiling windows bathe the space in natural light, creating an open and airy feel. The thoughtfully planned kitchen features sleek countertops, stainless steel appliances, ample cabinetry, and a functional workspace that flows seamlessly into the living and dining area. Laminate flooring runs throughout, leading to sliding doors that open onto a private balcony - the perfect extension of your living space for morning coffee or evening relaxation. The separate bedroom provides privacy and generous closet space, while the contemporary 4-pc bath offers clean finishes and practical design. In-suite laundry and smart storage solutions enhance day-to-day convenience. Low maintenance fees and a well-managed building support long-term value and peace of mind. Residents benefit from an impressive suite of amenities. Maintain your routine in the on-site fitness centre and yoga studio. The party room is perfect for hosting gatherings of large sizes while the cozy residents' library offers a quiet space to read or work. A beautifully designed rooftop patio provides an inviting outdoor escape. For added convenience, the building features a fully furnished and affordable guest suite ideal for visiting family and friends - along with complimentary bike parking for active, city-focused lifestyles. Located in a highly sought-after neighbourhood, you're just steps to top restaurants, cafés, grocery stores, fitness studios, and transit, making commuting effortless and city living seamless. At the foot of the building, you'll find Canadian Tire, Longo's, and Structube. Enjoy convenient transit connections along King and Dufferin, as well as easy access to Exhibition GO Station for seamless travel out of the city. An outstanding opportunity for first-time buyers, investors, or professionals seeking a stylish, low-maintenance home.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Property Attached:
Yes
Home Style:
Apartment
Approx. Age:
11-15
Total Approx Floor Area:
0-499
Exposure:
East
Bedrooms:
1
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
1
Kitchens Above Grade:
1
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms Above Grade:
4
Rooms:
4
Heating type:
Forced Air
Heating Fuel:
Gas
Cooling:
Yes
Storey:
4
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Attached Garage:
Yes
Garage:
Underground
Garage Spaces:
0.0
Parking Features:
Underground
Parking Type:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Locker:
None
Family Room:
No
Possession Details:
30/60 days
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$380.59
Maintenance fees include:
Common Elements Included, Building Insurance Included, Water Included
Taxes:
$1,621 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
Park, Public Transit, School
Carpet Free
Yes-with Restrictions
Rental HVAC/ERV $59.99 + Tax (25 months left on lease then owned outright)
See Schedule B
See Schedule B
Brick, Concrete
Gym, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking
Floor
Type
Size
Other
Main
Foyer
5'1" × 4'1¼"
Closet, Laminate, Combined w/Laundry
Main
Living Room
12'⅞" × 12'⅞"
Combined w/Dining, Laminate, W/O To Balcony
Main
Dining Room
12'⅞" × 12'⅞"
Combined w/Living, Laminate, Open Concept
Main
Kitchen
12'⅞" × 12'⅞"
Open Concept, Laminate, Stainless Steel Appl
Main
Primary Bedroom
10' × 9'
Large Closet, Laminate, Sliding Doors
Floor
Ensuite
Pieces
Other
Main
No
4
7'5" x 5'1" 4 Pc Bath, Tile Floor, Combined w/Laundry
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
In-Suite Laundry
Condo Corporation Number:
2348
Property Management Company:
Gold View Property Management
Date Listed:
Feb 24, 2026
Original Price:
$388,800
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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
Data was last updated February 25, 2026 at 03:15 PM (UTC)
Area Statistics
Listings on market:
556
Avg list price:
$659,900
Min list price:
$299,000
Max list price:
$22,500,000
Avg days on market:
35
Min days on market:
1
Max days on market:
657
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.
DARYL  KING
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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:

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.