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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416 1050 The Queens Way

Islington-City Centre West Toronto M8Z 0A8

$399,000

Residential Condo & Other beds: 1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12570720

Bedrooms:

1

Bathrooms:

1

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Welcome to 1050 The Queensway, Suite 416 a bright and stylish 1-bedroom residence offering the perfect blend of comfort, convenience, and urban lifestyle. This immaculate condo features an open-concept living and dining area with walk-out to a private balcony, creating a seamless indoor-outdoor flow ideal for relaxation or entertaining. The contemporary kitchen boasts a breakfast bar and modern & well-maintained appliances, while the oversized primary bedroom includes a large closet with ample storage. Ensuite laundry with stackable washer/dryer, extra-deep closet space, and elegant finishes add to the functionality of this modern home.Perfectly situated in Torontos vibrant IslingtonCity Centre West neighbourhood, this condo offers unmatched connectivity with direct access to the Gardiner Expressway, Highway 427, and QEW, putting downtown Toronto, Pearson Airport, and Mississauga within easy reach. TTC transit is at your doorstep, while Sherway Gardens, Cineplex, groceries, and trendy dining destinations along The Queensway provide every convenience just minutes away. The building is professionally managed and includes parking, ensuring peace of mind and everyday ease.Whether you're a first-time buyer, down-sizer, or investor, this residence combines smart design with a prime location a true turnkey opportunity in the heart of the city.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

500-599

Exposure:

North

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Fan Coil

Heating Fuel:

Gas

Storey:

4

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Owned

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker:

None

Family Room:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$567.67

Maintenance fees include:

Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included

Taxes:

$1,847.51 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W08

Listing Sub-Area:

Islington-City Centre West

Interior Features:

Carpet Free

Pets Permitted:

Yes-with Restrictions

Inclusions:

Existing Fridge, Stove, Dishwasher, Washer & Dryer, All Elfs and window coverings.

Exclusions:

furniture & staging decorations

Exterior Finish:

Concrete

Room Information:

Floor

Type

Size

Other

Flat

Living Room

18'8"5.69 m × 9'6"2.90 m

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

Flat

Dining Room

18'8"5.69 m × 9'6"2.90 m

Combined w/Living, Laminate

Flat

Kitchen

10'10"3.30 m × 10'½"3.06 m

Breakfast Bar, Open Concept

Flat

Primary Bedroom

18'5.49 m × 8'10"2.69 m

W/O To Balcony, Large Closet, Laminate

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:

1944

Property Management Company:

Icon Property Management

Listing Info:

Date Listed:

Nov 24, 2025

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Listed by CAPITALPLUS GROUP REALTY INC.

Data was last updated November 26, 2025 at 06:15 AM (UTC)

Area Statistics

Listings on market:

178

Avg list price:

$567,000

Min list price:

$370,000

Max list price:

$2,588,888

Avg days on market:

36

Min days on market:

1

Max days on market:

440

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.

Get market change alerts

• 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.