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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512 99 Blackwell Avenue

Malvern Toronto M1B 3R5

$329,000

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:

E12537546

Bedrooms:

1

Bathrooms:

1

• Photos (18)

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Bright and spacious 1-bedroom condo for less. Featuring a practical open-concept layout with a walk-out to a large balcony, this 676 sq ft unit offers comfort and convenience in one of Scarborough's most sought-after communities. Enjoy the rare benefit of ensuite laundry, underground parking, and a locker, all with all-inclusive maintenance fees! The building is exceptionally well-maintained and loaded with amenities-indoor pool, gym, sauna, recreation and party rooms, billiards, table tennis, squash court, and car wash area-plus 24/7 security and plenty of visitor parking. Perfectly located steps to Malvern Town Centre, TTC, schools, parks, No Frills, Shoppers Drug Mart, Centennial College, and Highway 401, this move-in-ready home truly checks all the boxes.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Property Attached:

Yes

Home Style:

Apartment

Total Approx Floor Area:

600-699

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

Zoning:

Res

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Cooling:

Yes

Storey:

5

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Attached Garage:

Yes

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

Underground

Parking Type:

Exclusive

Parking Spaces:

1

Total Parking Spaces:

1.0

Parking Spot #1:

1

Locker:

Exclusive

Family Room:

Yes

Possession Details:

Tba

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$525

Maintenance fees include:

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

Taxes:

$637 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E11

Listing Sub-Area:

Malvern

Property Features / Area Influences:

Hospital, Library, Place Of Worship, Public Transit, School, School Bus Route

Interior Features:

Carpet Free

Pets Permitted:

No

Inclusions:

Fridge, Stove, Range Hood, Dishwasher, Washer & Dryer, All Existing Light Fixtures, and Window Coverings. all Chattels/Fixtures "AS IS"

Exterior Finish:

Brick

Building Amenities:

Game Room, Party Room/Meeting Room, Sauna, Visitor Parking

Elevator:

Yes

Room Information:

Floor

Type

Size

Other

Main

Living Room

14'6"4.42 m × 12'6"3.81 m

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

Main

Dining Room

14'5¼"4.40 m × 12'6"3.81 m

Combined w/Living, Laminate

Main

Kitchen

10'2"3.10 m × 6'6¾"2.00 m

Tile Floor

Main

Primary Bedroom

14'6"4.42 m × 9'2¼"2.80 m

Large Closet, Laminate, Large Window

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

654

Property Management Company:

Mareka Property Management

Listing Info:

Date Listed:

Nov 12, 2025

Original Price:

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Previous Price:

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Listed by MASTER`S TRUST REALTY INC.

Data was last updated November 13, 2025 at 10:15 PM (UTC)

Area Statistics

Listings on market:

46

Avg list price:

$479,950

Min list price:

$329,000

Max list price:

$595,000

Avg days on market:

34

Min days on market:

1

Max days on market:

675

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.