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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906 3050 Ellesmere Road

Morningside Toronto M1E 5E6

$399,999

Residential Condo & Other beds: 2+1 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

E12490240

Bedrooms:

2+1

Bathrooms:

2

• Photos (13)

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Discover comfort and convenience in this newly renovated, 1246 square 2-Bedroor + Den, 2-Bathroom condo perfectly situated across from the University of Toronto Scarborough campus and all other essential neighbourhood amenities. Included in the sale is 1 underground parking space and 3 storage lockers. Whether you're a first-time buyer, downsizer, or savvy investor, this unit offers incredible value in a well-managed building. Step inside and enjoy a functional layout with generous room sizes and an open-concept living and dining area flooded with natural light. The primary bedroom features 2 closets and an ensuite bath for added privacy. Enjoy peaceful views, or take advantage of building amenities including a gym, indoor pool, tennis court, party room, and 24-hour security. Bonus: All-inclusive maintenance fees cover your heat, hydro, water! With TTC at your door, minutes to Centennial College, grocery stores, parks, and highway access, this location truly has it all. 3050 Ellesmere Rd is the space you need, the location you want, and the lifestyle you deserve.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

1200-1399

Exposure:

South East

Bedrooms:

2+1

Bathrooms:

2.0

Kitchens:

1

Bedrooms Above Grade:

2

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

8

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

08

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

1.0

Parking Type:

Exclusive

Parking Spaces:

0

Total Parking Spaces:

1.0

Locker Level:

P2, P2, P2

Locker Unit:

1, 2, 3

Locker:

Owned

Family Room:

Yes

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$1,208.74

Maintenance fees include:

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

Taxes:

$1,681.62 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E09

Listing Sub-Area:

Morningside

Property Features / Area Influences:

Hospital, Park, Public Transit, Ravine, School

Interior Features:

Carpet Free

Security Features:

Concierge/Security

Pets Permitted:

No

Rental Items:

None

Inclusions:

3 Storage Lockers, 1 Underground Parking, Refrigerator, Stove/Oven, Dishwasher, Washer, Dryer

Exclusions:

None

Lease to Own Equipment:

None

Exterior Finish:

Concrete

Building Amenities:

Bike Storage, Exercise Room, Guest Suites, Indoor Pool, Party Room/Meeting Room, Tennis Court

View:

Trees/Woods

Other Details:

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

831

Property Management Company:

Newton Trelawney

Listing Info:

Date Listed:

Oct 30, 2025

Original Price:

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Previous Price:

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Listed by HOMEWISE REAL ESTATE

Data was last updated October 31, 2025 at 04:15 AM (UTC)

Area Statistics

Listings on market:

134

Avg list price:

$529,444

Min list price:

$348,800

Max list price:

$699,900

Avg days on market:

40

Min days on market:

1

Max days on market:

485

These statistics are generated based on the current listing's property type and located in Toronto E09. 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.