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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LPH16 28 Eastern Avenue

Moss Park Toronto M5A 0Y2

$329,000

Residential Condo & Other beds: 0 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C13613152

Bathrooms:

1

• Photos (22)

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Welcome to LPH16 at 28 Eastern Ave-your downtown Toronto escape with penthouse energy on a lower level. This south-facing studio is thoughtfully designed with brand-new built-in appliances, ensuite laundry, and sleek modern finishes, offering both style and function in one efficient space. Step outside and immerse yourself in the best of city living-just moments to St. Lawrence Market, the Distillery District, cafés, shops, and transit.Experience more than just a home-enjoy a lifestyle. Indulge in premium amenities including rooftop terraces with fire pits, sun deck, BBQ areas, co-working spaces, fitness centre, pet spa, sculpture garden, and private outdoor work pods. With concierge service, security, and everyday convenience at your fingertips, everything you need is right here.Perfect for first-time buyers, investors, or urban professionals-this is your city sanctuary where work, play, and relaxation come together.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Bachelor/Studio

Approx. Age:

0-5

Total Approx Floor Area:

0-499

Exposure:

South

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

1

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

LP

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

None

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker Level:

P2

Locker Unit:

170

Locker:

Owned

Family Room:

No

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

In Addition To

Maintenance Fee:

$262.61

Maintenance fees include:

CAC Included, Building Insurance Included, Common Elements Included

Taxes:

$1,992 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C08

Listing Sub-Area:

Moss Park

Property Features / Area Influences:

Public Transit, Park, School

Interior Features:

None

Pets Permitted:

Yes-with Restrictions

Inclusions:

Brand new appliances: B/I Fridge, B/I dishwasher, B/I Stove. Ensuite Washer/Dryer.

Exclusions:

Provident: Electricity, Water; Parking: N/A

Exterior Finish:

Concrete

Building Amenities:

BBQs Allowed, Bike Storage, Concierge, Party Room/Meeting Room, Rooftop Deck/Garden

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

3103

Property Management Company:

First Service Residential

Building Name:

28 Eastern Condos

Listing Info:

Date Listed:

Jul 28, 2026

Original Price:

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Previous Price:

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Listed by REAL BROKER ONTARIO LTD.

Data was last updated July 29, 2026 at 12:15 PM (UTC)

Area Statistics

Listings on market:

171

Avg list price:

$579,000

Min list price:

$329,000

Max list price:

$1,650,000

Avg days on market:

42

Min days on market:

1

Max days on market:

685

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.