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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602 25 Neighbourhood Lane
Stonegate-Queensway Toronto M8Y 0C3

$399,900
Residential Condo & Other beds: 1+1 baths: 1.0

Main Photo: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 1: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 2: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 3: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 4: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 5: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 6: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 7: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 8: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 9: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 10: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 11: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 12: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 13: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 14: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 15: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 16: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 17: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 18: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Photo 19: 602 25 Neighbourhood Lane in Toronto: Stonegate-Queensway Condo Apartment for sale (Toronto W07)  : MLS®# W12567726
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
W12567726
Bedrooms:
1+1
Bathrooms:
1
Welcome to urban living at its finest in this stunning 1+1 bedroom condo at the sought-after 25 Neighbourhood Lane. This beautifully maintained unit features soaring 10-foot ceilings and an open-concept layout flooded with natural light, offering both style and comfort. The sleek modern kitchen is a standout, complete with stainless steel appliances, stone countertops, and a contemporary tile backsplash perfect for everyday living or entertaining. The spacious primary bedroom includes a walk-in closet, while the versatile den is ideal for a home office, reading nook, or guest space. Elegant laminate floors run throughout, enhancing the units warm and sophisticated feel. Enjoy access to top-tier building amenities including a fully-equipped gym, stylish party room, guest suites, and a landscaped outdoor BBQ area for relaxed summer evenings. Just steps from your door, you'll find a pharmacy, doctor, dentist, and convenience store, as well as easy access to TTC, shopping, dining, parks, and scenic walking trails. Whether you're a first-time buyer, busy professional, or savvy investor, this immaculate condo offers a rare blend of comfort, convenience, and lifestyle. Don't miss your chance to call this vibrant, well-connected community home. **Virtually Staged
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
500-599
Exposure:
South West
Bedrooms:
1+1
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
4
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
6
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:
Owned
Family Room:
No
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$531.67
Maintenance fees include:
CAC Included, Common Elements Included
Taxes:
$2,246.01 / 2024
Assessment:
$- / -
Toronto
Toronto W07
Stonegate-Queensway
Other
Yes-with Restrictions
S/S Appliances, Washer & Dryer, Cvac, Elfs, Existing Window Coverings, A/C, Furnace
Concrete
Floor
Type
Size
Other
Flat
Living Room
22'10" × 11'2"
Combined w/Kitchen, W/O To Balcony, Laminate
Flat
Kitchen
22'10" × 12'⅞"
Combined w/Living, Open Concept, Stainless Steel Appl
Flat
Den
9'7" × 6'4"
Laminate
Flat
Primary Bedroom
11'5" × 9'6"
Walk-In Closet(s), Large Window
Floor
Ensuite
Pieces
Other
Flat
No
4
7'2" x 7'3" 4 Pc Bath
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
In-Suite Laundry
Laundry Level:
Main Level
Condo Corporation Number:
2983
Property Management Company:
DUKA Property Management
Date Listed:
Nov 21, 2025
Original Price:
Previous Price:
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Virtual Tour

Listed by RE/MAX METROPOLIS REALTY
Data was last updated November 23, 2025 at 09:15 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$629,900
Min list price:
$399,900
Max list price:
$1,175,000
Avg days on market:
38
Min days on market:
2
Max days on market:
356
These statistics are generated based on the current listing's property type and located in Stonegate-Queensway. 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.