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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N326 35 Rolling Mills Road

Waterfront Communities C8 Toronto M5A 0V6

$399,000

Residential Condo & Other beds: 1 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12772234

Bedrooms:

1

Bathrooms:

1

• Photos (33)

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Experience modern living in this sleek and efficient 1-bedroom, 1-bath condo at Canary Commons, perfectly located in Toronto's vibrant Canary District. Just four years new, this beautifully designed suite features an open-concept layout with floor-to-ceiling windows, 9-foot ceilings, hardwood flooring, and contemporary finishes throughout. The Euro-style kitchen comes fully equipped with a built-in fridge/freezer, microwave, dishwasher, and stainless steel stove. Enjoy a spacious east-facing balcony and 24-hour concierge service. Residents have access to top-tier amenities including a fitness and yoga studio, theatre room, hobby room, party room, and a rooftop terrace with BBQs and stunning city views. Situated steps from the 18-acre Corktown Common Park, the Distillery District, and the waterfront, you'll also enjoy walking distance to restaurants, cafes, shops, the YMCA, and more. With a Walk Score of 80, Transit Score of 88, and Bike Score of 99, this location truly offers the best of Toronto living.

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Approx. Age:

0-5

Total Approx Floor Area:

500-599

Exposure:

East

Bedrooms:

1

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

1

Kitchens Above Grade:

1

Rooms Above Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

3

Balcony:

Open

Basement:

None

Fireplace/Stove:

No

Garage:

Underground

Garage Spaces:

0.0

Parking Features:

None

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:

$450

Maintenance fees include:

Common Elements Included

Taxes:

$2,450 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C08

Listing Sub-Area:

Waterfront Communities C8

Property Features / Area Influences:

Arts Centre, Clear View, Park, Public Transit, Rec./Commun.Centre, Waterfront

Interior Features:

None

Security Features:

Security Guard

Pets Permitted:

Yes-with Restrictions

Inclusions:

Fridge, Stove, Dishwasher, Microwave, Washer and Dryer, Window Coverings, and All ELFs

Exterior Finish:

Brick, Concrete

Building Amenities:

Concierge, Gym, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking, Guest Suites

Elevator:

Yes

Retirement:

No

Room Information:

Floor

Type

Size

Other

Main

Living Room

17'8"5.38 m × 11'10½"3.62 m

Laminate, Open Concept, W/O To Balcony

Main

Dining Room

17'8"5.38 m × 11'10½"3.62 m

Laminate, Open Concept, Combined w/Living

Main

Kitchen

17'8"5.38 m × 11'10½"3.62 m

Laminate, B/I Appliances, Combined w/Dining

Main

Bedroom

10'6"3.20 m × 9'2.74 m

Laminate, Closet

Other Details:

Special Designation:

Other

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Access:

Ensuite

Laundry Level:

Main Level

Business Info:

Condo Corporation Number:

2916

Property Management Company:

First Service Residential 416-594-6993

Building Name:

Canary Commons

Listing Info:

Date Listed:

Feb 09, 2026

Original Price:

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Previous Price:

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Listed by LANDPOWER REAL ESTATE LTD.

Data was last updated February 10, 2026 at 03:15 AM (UTC)

Area Statistics

Listings on market:

184

Avg list price:

$699,450

Min list price:

$349,900

Max list price:

$4,199,900

Avg days on market:

30

Min days on market:

3

Max days on market:

602

These statistics are generated based on the current listing's property type and located in Waterfront Communities C8. 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.