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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925 5 Defries Street

Regent Park Toronto M5A 0W7

$399,000

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

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12780282

Bedrooms:

1+1

Bathrooms:

1

• Photos (25)

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Well-designed 1-bedroom plus den, 1-bathroom suite at River and Fifth Condos. Bright and functional layout featuring floor-to-ceiling windows and a private balcony with open views. The den can be used as a home office or second sleeping area. Well-managed building offering amenities such as outdoor pool, fitness centre, co-working space, yoga room, sports lounge, party room, games room, kids' playroom, and 24-hour concierge. Most amenities are conveniently located on the third floor. Prime downtown location with easy access to Queen and King streetcars, Dundas subway station, and major routes including Gardiner, DVP, Bayview, and Lakeshore. Close to grocery stores, banks, and everyday conveniences. Minutes to Toronto Metropolitan University, George Brown College, and the University of Toronto.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

500-599

Exposure:

North East

Bedrooms:

1+1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

5

Rooms Below Grade:

1

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

9

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker:

None

Family Room:

No

Possession Details:

Immediate

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$409.91

Maintenance fees include:

Building Insurance Included, CAC Included

Taxes:

$3,054.05 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C08

Listing Sub-Area:

Regent Park

Property Features / Area Influences:

Library, Park, Public Transit, Rec./Commun.Centre, School

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Inclusions:

S/S Appliances: B/I Oven, Cooktop, B/I Microwave/Hood, Fridge. Washer& Dryer. Existing Electrical Light Fixtures And Window Coverings.

Exterior Finish:

Concrete

Building Amenities:

Community BBQ, Concierge, Gym, Outdoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden

Room Information:

Floor

Type

Size

Other

Flat

Living Room

21'6.40 m × 10'3.05 m

Combined w/Dining, W/O To Balcony, Open Concept

Flat

Dining Room

21'6.40 m × 10'3.05 m

Combined w/Kitchen, Laminate

Flat

Kitchen

21'6.40 m × 10'3.05 m

Laminate, B/I Appliances, Stone Counters

Flat

Bedroom

10'3.05 m × 9'2.74 m

Laminate, Large Closet, Window Floor to Ceiling

Flat

Den

8'2"2.49 m × 5'5"1.65 m

Laminate

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

In-Suite Laundry

Business Info:

Condo Corporation Number:

3060

Property Management Company:

First Service Residential

Listing Info:

Date Listed:

Feb 11, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX CONDOS PLUS CORPORATION

Data was last updated February 12, 2026 at 04:15 AM (UTC)

Area Statistics

Listings on market:

54

Avg list price:

$576,850

Min list price:

$349,000

Max list price:

$1,280,000

Avg days on market:

38

Min days on market:

1

Max days on market:

399

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