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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623 4673 Jane Street
Black Creek Toronto M3N 2L1

$249,000
Residential Condo & Other beds: 2 baths: 1.0

Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
W12857978
Bedrooms:
2
Bathrooms:
1
Being sold under power of sale "as is, where is" located at Jane/Steeles close to Vaughan. Looking onto York University, park, trees. Ideal for TTC commuters, or access 407 just as easily. In need of some renovation, in-suite laundry available.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
800-899
Exposure:
South West
Bedrooms:
2
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
5
Heating type:
Baseboard
Heating Fuel:
Electric
Storey:
5
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Type:
Exclusive
Parking Spaces:
0
Total Parking Spaces:
1.0
Locker:
Exclusive
Family Room:
No
Possession Details:
Vacant
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$805
Maintenance fees include:
Heat Included, Water Included, Parking Included, Common Elements Included, Building Insurance Included
Taxes:
$294.09 / 2025
Assessment:
$- / -
Toronto
Toronto W05
Black Creek
Park
Carpet Free
Yes-with Restrictions
Brick
Special Designation:
Unknown
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
In-Suite Laundry
Condo Corporation Number:
82
Property Management Company:
City Tower Property Management
Date Listed:
Mar 07, 2026
Original Price:
Previous Price:
Listed by RIGHT AT HOME REALTY
Data was last updated March 9, 2026 at 01:15 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$354,999
Min list price:
$249,000
Max list price:
$539,900
Avg days on market:
61
Min days on market:
1
Max days on market:
138
These statistics are generated based on the current listing's property type and located in Black Creek. 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.