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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610 1195 The Queensway

Islington-City Centre West Toronto M8Z 1R6

$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:

W12689338

Bedrooms:

1

Bathrooms:

1

• Photos (10)

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Step into modern urban living at 1195 The Queensway, Unit 610-a bright and stylish 1-bedroom, 1-bath suite offering comfort, convenience,and a sleek contemporary design.This thoughtfully planned unit features an open-concept layout, large windows that fill the space with natural light, and modern finishes throughout. The streamlined kitchen includes full-sized stainless steel appliances, quartz countertops, and ample cabinet storage, perfect for everyday cooking or hosting guests.The spacious bedroom provides a calm retreat with generous closet space, while the well-appointed bathroom offers clean, modern touches.With one locker included, you'll have plenty of extra storage to keep everything organized.Located in a vibrant and fast-growing neighbourhood, you're just steps from restaurants, shopping, transit, groceries, and easy access to the Gardiner and Hwy 427. This unit was previously leased and has been exceptionally maintained-ideal for professionals, students, or anyone seeking a stylish, move-in-ready space in a prime location.Experience comfort, convenience, and contemporary living, all at Unit 610. Don't miss your chance to own this gem at The Tailor!

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:

East

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

4

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

7

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

Owned

Family Room:

No

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$407.76

Maintenance fees include:

Heat Included, Common Elements Included, Building Insurance Included

Taxes:

$1,924.13 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W08

Listing Sub-Area:

Islington-City Centre West

Property Features / Area Influences:

Electric Car Charger, Golf, Hospital, Library, Park, Public Transit

Interior Features:

None

Security Features:

Concierge/Security

Pets Permitted:

Yes-with Restrictions

Inclusions:

Stainless steel fridge, oven, microwave, Built-in dishwasher, washer & dryer, all existing light fixtures, and window coverings. Locker Included.

Exterior Finish:

Brick

Building Amenities:

BBQs Allowed, Bus Ctr (WiFi Bldg), Exercise Room, Guest Suites, Gym, Party Room/Meeting Room

Elevator:

Yes

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

2996

Property Management Company:

Duka Property Management

Building Name:

The Tailor Condos

Listing Info:

Date Listed:

Jan 12, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE SIGNATURE REALTY

Data was last updated January 14, 2026 at 02:15 PM (UTC)

Area Statistics

Listings on market:

124

Avg list price:

$547,000

Min list price:

$399,000

Max list price:

$885,000

Avg days on market:

57

Min days on market:

1

Max days on market:

489

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.