639 650 Lawrence Avenue W in Toronto: Englemount-Lawrence Condo Apartment for sale (Toronto C04) : MLS®# C12279356
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.
Welcome to The Shermount Building at 650 Lawrence Ave W, uniy 639, a beautifully maintained 1-bedroom, 1-bathroom condo in the heart of Toronto's Englemount-Lawence neighborhood. This bright and functional unit offers approximately 600-699 sq.ft. of thoughtfully designed living space, perfect for professionals, couples or individuals seeking a stylish and convenient home in a prime location. As you step inside, you'll immediately notice the open-concept layout that maximizes both space and functionality. Laminate flooring runs thorughout, adding warmth and elegance to the interior. The fully renovated kitchn is a true highlight, featuring brand-new stianless stell appliances, including a fridge, stove, dishwasher, and Hood fan. Whether you're preparing a quick breakfast or hosting a dinner, this modern kitchen makes cooking efffortless. The conveninece of Ensuite laundry ensures that daily chores are hassle-free, adding to the overall comfort of the space. Storage is never an issue with the included locker, providing extra space for seasonal items personal belongings. Residents of the Shermount building also benefit from vistor parking BBQ-permitted areas, creating an inviting atmosphere for entertaining guests or enjoying summer evenings outdoors. Location is everthing, and this condo delivers unmatched convenience. Just steps from Lawrence West Subway Station, commuting is a breeze, offering quick and easy access to downtown Toronto, Yorkdale Mall, and surrounding neighborhoods. Everyday essentials are righ at your doorstep, with Fortinos supermarket, Shoppers Drug Mart, banks and a vairety of shops and restuaurants along Lawrence Avenue. Outdoor enthusiasts will love the proximity to Fraserwood Park and Lawence Heights Park, ideal for walking, jogging, or simply relaxing in nature. With its modern finshes, unbeatable location, and excellent amenities, Unit 639 at the Shermount building offers the perfect balance of comfort and conveninece.
Data was last updated July 13, 2025 at 03:15 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$573,000
Min list price:
$399,000
Max list price:
$2,299,000
Avg days on market:
53
Min days on market:
2
Max days on market:
332
These statistics are generated based on the current listing's property type
and located in
Englemount-Lawrence. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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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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.