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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720 4645 Jane Street
Black Creek Toronto M3N 2K9

$289,900
Residential Condo & Other beds: 1 baths: 1.0

Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
W12616976
Bedrooms:
1
Bathrooms:
1
Newly renovated unit. 1 bed and 1 bath.Very bright with natural light. Location is close to many convenience: steps To The Go Station, Parks,Easy Access To Hwy#400,Hwy #407, Hospital.Near To York University, Shopping & Ttc. Condo.Maintenance Incl. Heating, Water, Underground Prkg! Washer and dryer in unit.A lot of storage for its size! Building has had many upgrades.Easy to view
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Approx. Age:
31-50
Total Approx Floor Area:
900-999
Exposure:
East West
Bedrooms:
1
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
5
Heating type:
Baseboard
Heating Fuel:
Electric
Storey:
6
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
1.0
Parking Features:
Underground
Parking Type:
Owned
Parking Spaces:
1
Total Parking Spaces:
1.0
Locker:
Owned
Family Room:
No
HST Applicable To Sale Price:
Not Subject to HST
Maintenance Fee:
$625
Maintenance fees include:
Heat Included, Building Insurance Included, Water Included, Parking Included
Taxes:
$240 / 2024
Assessment:
$- / -
Toronto
Toronto W05
Black Creek
Intercom
Yes-with Restrictions
SS Fridge, Stove, Dishwasher,washer and dryer.
Brick
Floor
Type
Size
Other
Main
Bedroom
12'½" × 9'8½"
Laminate
Main
Kitchen
12'½" × 9'8½"
Laminate
Main
Living Room
20'1" × 14'6"
W/O To Balcony
Floor
Ensuite
Pieces
Other
Main
No
-
0' x 0'
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
82
Property Management Company:
Summerhill Property Management
Date Listed:
Dec 10, 2025
Original Price:
Previous Price:
Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated December 11, 2025 at 02:15 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$373,900
Min list price:
$190,000
Max list price:
$589,900
Avg days on market:
50
Min days on market:
1
Max days on market:
301
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.