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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728 28 Eastern Avenue

Moss Park Toronto M5A 0Y2

$370,000

Residential Condo & Other beds: 0 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12804108

Bathrooms:

1

• Photos (16)

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28 Eastern delivers the perfect blend of style and convenience in downtown east's newest boutique mid-rise. This junior one-bedroom unit, facing east, is optimized for the urban city dweller. It features a modern kitchen and is complete with smooth white ceilings, offering an efficient and practical layout for city living. Enjoy unmatched accessibility with a Walk Score of 95 and Transit and Bike Scores of 100. You'll be minutes from St. Lawrence Market, The Distillery District, Canary District, The Waterfront, George Brown College, and incredible shopping, dining, and theatres. Commuting is easy with direct access to the Gardiner, DVP, TTC, and the future Corktown Subway Station. Building amenities include a 24-hour concierge, Fitness Studio, Hosting Lounge, Billiards Room, Courtyard Terrace/Private Work Pods, Bike Storage & Repair Station, Sculpture Garden, and a stunning Rooftop Terrace/Sundeck. Onsite car share is also available. Locker available for purchase.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

New

Total Approx Floor Area:

0-499

Exposure:

East

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

3

Fractional Ownership:

No

Assignment:

No

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

7

Balcony:

Juliette

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Features:

Underground

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

Immediate/Tba

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$224.96

Maintenance fees include:

CAC Included, Common Elements Included, Building Insurance Included

Development Charges Paid:

No

Taxes:

$0 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C08

Listing Sub-Area:

Moss Park

Property Features / Area Influences:

Arts Centre, Park, Public Transit, Rec./Commun.Centre, School, Place Of Worship

Interior Features:

Carpet Free

Security Features:

Concierge/Security

Pets Permitted:

Yes-with Restrictions

Exterior Finish:

Concrete, Brick

Building Amenities:

Bike Storage, Gym, Media Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking

Elevator:

Yes

Room Information:

Floor

Type

Size

Other

Flat

Kitchen

8'½"2.45 m × 8'2.44 m

B/I Appliances, Combined w/Dining, Open Concept

Flat

Living Room

8'½"2.45 m × 8'2.44 m

Juliette Balcony, Large Window

Flat

Bedroom

8'8"2.64 m × 5'11¼"1.81 m

Open Concept

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:

3103

Property Management Company:

FIRST SERVICE RESIDENTIAL

Building Name:

28 EASTERN

Listing Info:

Date Listed:

Feb 19, 2026

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Listed by BAKER REAL ESTATE INCORPORATED

Data was last updated February 22, 2026 at 11:15 PM (UTC)

Area Statistics

Listings on market:

120

Avg list price:

$597,450

Min list price:

$349,000

Max list price:

$2,199,900

Avg days on market:

32

Min days on market:

2

Max days on market:

659

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