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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801 234 Albion Road

Elms-Old Rexdale Toronto M9W 6A5

$329,999

Residential Condo & Other beds: 2 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

W12787710

Bedrooms:

2

Bathrooms:

1

• Photos (46)

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Welcome to this spacious 2-bedroom, 1-bathroom condo at 234 Albion Road #801, offering approximately 1,060 sq. ft. of well-laid-out living space with a bright open-concept living and dining area and a walk-out to a large open balcony with southeast exposure and clear city and greenbelt views . The unit features a functional kitchen, generous principal rooms, ensuite laundry, and one underground parking space, making it an ideal opportunity for first-time buyers or investors. Residents enjoy an excellent array of building amenities including a concierge, outdoor pool, gym, sauna, party/meeting room, and playground, with all utilities included in the maintenance fees for added convenience. Located in the Elms-Old Rexdale community, the building is steps to TTC transit and offers quick access to Highways 401, 400, and 27, as well as nearby golf courses, Humber River trails, parks, schools, recreation centres, and places of worship. Rather than paying a premium for a newly renovated unit, this condo presents a smart chance to build equity by updating and customizing the space to your own taste and style in a well-established, amenity-rich building.

Documents & Links:

Virtual Tour 2

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Property Attached:

Yes

Home Style:

Apartment

Total Approx Floor Area:

1000-1199

Exposure:

South East

Bedrooms:

2

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

# Main Level Bedrooms:

0

# Main Level Bathrooms:

0

Rooms Above Grade:

5

Rooms:

5

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Cooling:

Yes

Storey:

08

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Attached Garage:

Yes

Garage:

Underground

Garage Spaces:

1.0

Parking Features:

Underground

Parking Type:

Exclusive

Parking Spaces:

0

Total Parking Spaces:

1.0

Parking Spot #1:

#335

Locker:

None

Family Room:

No

Possession Details:

Flex Closing

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$1,134.55

Maintenance fees include:

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

Taxes:

$874.74 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto W10

Listing Sub-Area:

Elms-Old Rexdale

Property Features / Area Influences:

Clear View, Place Of Worship, Golf, Rec./Commun.Centre, Public Transit, School

Interior Features:

Primary Bedroom - Main Floor

Exterior Features:

Landscaped, Lighting, Year Round Living

Security Features:

Concierge/Security, Carbon Monoxide Detectors, Smoke Detector

Pets Permitted:

Yes-with Restrictions

Inclusions:

All appliances ([Stainless Steel: fridge, stove] washer & dryer), all electrical light fixtures, all window coverings and 1 parking spot included.

Exterior Finish:

Brick

Building Amenities:

Outdoor Pool, Exercise Room, Sauna, Concierge, Party Room/Meeting Room, Playground

Elevator:

Yes

View:

City, Clear, Creek/Stream, Forest, Park/Greenbelt, Trees/Woods

Accessibility Features:

Accessible Public Transit Nearby, Elevator, Parking

Room Information:

Floor

Type

Size

Other

Main

Kitchen

12'4"3.76 m × 8'7"2.62 m

Modern Kitchen, Renovated, Ceramic Floor

Main

Living Room

20'6.10 m × 17'10"5.44 m

Open Concept, Laminate, W/O To Balcony

Main

Primary Bedroom

17'10"5.44 m × 10'5"3.18 m

Broadloom, Combined w/Laundry, Walk-In Closet(s)

Main

Laundry

5'8"1.73 m × 4'6"1.37 m

B/I Shelves, Combined w/Primary

Main

Bedroom

15'11"4.85 m × 10'1"3.07 m

Large Closet, Window, Broadloom

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

4

7'10⅞" x 5' 4 Pc Bath, Tile Floor, B/I Vanity

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite, Laundry Room, In Basement

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

655

Property Management Company:

ANDREJ MANGEMENT

Listing Info:

Date Listed:

Feb 13, 2026

Original Price:

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Previous Price:

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Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Data was last updated February 17, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

16

Avg list price:

$414,500

Min list price:

$288,000

Max list price:

$499,500

Avg days on market:

25

Min days on market:

4

Max days on market:

193

These statistics are generated based on the current listing's property type and located in Elms-Old Rexdale. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• 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.