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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702 1 Pemberton Avenue

Newtonbrook East Toronto M2M 4L9

$399,000

Residential Condo & Other beds: 1+1 baths: 1.0

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• Details
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• Map

Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C13435606

Bedrooms:

1+1

Bathrooms:

1

• Photos (18)

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*Situated in the highly regarded Earl-Haig Secondary School catchment area*. Prime North York Location - Direct Access to Finch Subway! Rarely offered NW-facing corner unit in the highly desirable Yonge & Finch neighbourhood. This bright and spacious 1 Bedroom + Den (easily used as a 2nd bedroom) features an exceptional layout with windows in the living room, kitchen, and both bedrooms-a rare find in condo living. Enjoy direct underground and outdoor access to Finch Subway Station, with TTC, Viva, and GO Transit just steps away.Conveniently located within minutes of Yonge Street's vibrant amenities, including restaurants, shops, supermarkets, parks, schools, North York Civic Centre, and numerous 24-hour conveniences. Well-maintained and move-in ready, this unit offers excellent value for end-users, retirees, and investors alike. *The maintenance fee includes Heat, Hydro, Water, Central Air Conditioning, Common Elements, and Building Insurances*, retirees, and investors alike.. Residents enjoy a fenced courtyard and 24-hour gatehouse security.A fantastic opportunity in one of North York's most sought-after communities-don't miss it!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

700-799

Exposure:

North West

Bedrooms:

1+1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

6

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

None

Parking Type:

Owned

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker Level:

P2

Locker Unit:

109

Locker:

Owned

Family Room:

No

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$771.12

Maintenance fees include:

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

Taxes:

$2,447.7 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C14

Listing Sub-Area:

Newtonbrook East

Property Features / Area Influences:

Fenced Yard, Clear View, Park, Public Transit, School

Interior Features:

Ventilation System, Carpet Free

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Stove, Range Hood, Dishwasher, Washer/Dryer, Window Coverings, All ELFs (Utilities, CAC, Building & Comment Element Insurances, 1 Parking & 1 Locker Included).

Exterior Finish:

Concrete

Building Amenities:

Concierge, Exercise Room, Visitor Parking, Gym, Party Room/Meeting Room

Room Information:

Floor

Type

Size

Other

Main

Living Room

18'4"5.59 m × 11'3.35 m

Combined w/Dining, Hardwood Floor, W/O To Balcony

Main

Dining Room

18'4"5.59 m × 11'3.35 m

Combined w/Living, Hardwood Floor

Main

Kitchen

7'5¾"2.28 m × 7'5¾"2.28 m

Window, Ceramic Floor

Main

Primary Bedroom

10'3.05 m × 10'3.05 m

Large Closet, Hardwood Floor, Large Window

Main

Den

10'8"3.25 m × 7'5¾"2.28 m

Large Window, Hardwood Floor, NW View

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:

1231

Property Management Company:

Brookfield Property Management

Listing Info:

Date Listed:

Jun 12, 2026

Original Price:

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Previous Price:

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Listed by TAIHOME REALTY INC.

Data was last updated June 15, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

39

Avg list price:

$630,000

Min list price:

$399,000

Max list price:

$1,198,000

Avg days on market:

20

Min days on market:

1

Max days on market:

586

These statistics are generated based on the current listing's property type and located in Newtonbrook East. 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.