So you've got $400,000 to spend on a condo in Toronto. What can you buy? Thinking positively, that number will still get you a downtown location with a great view. Thinking more practically, there just won't be much space to live. 

This recently listed unit on the 14th floor at Tableau Condos offers a glimpse of what's on offer in the entry condo market in Toronto these days. While small, it features and open concept design, decent kitchen space, and an enviable balcony with a south-facing view. 

It's more than adequate for one person who wants to be in proximity to both the Financial District and prime entertainment areas like King and Queen West, but a unit like this would feel relatively tight for a couple who didn't cite minimalism as one of their design tastes. 

Let's be clear, this isn't a micro-condo. There's a legitimate living space and you can even get a small dining room table up against the wall in the kitchen, but thank goodness there's a storage locker because otherwise it'd be a challenge not to overrun the place with stuff.

Specs

• Address: #1410 - 125 Peter St.
• Price: $399,900
• Bedrooms: 1
• Bathrooms: 1
• Parking: 1
• Walk Score: 100
• Transit Score: 100 
• Maintenance Fees: $286.90
• Listing agent: Danielle Desjardins
• Listing ID: C4027466

Good For

Someone who wants to get into the market before prices inevitably increase further. For one person, the space is just fine.

Move On If

A couple looking for their first condo might want to seriously think about buildings outside of the core, where you can get a bit more space for your buck. There are plenty of neighbourhoods where you can get a 1 + 1 for $400K.

Thanks to Bosley Real Estate Ltd., Brokerage for sponsoring our condo of the week. All editorial written and selected by blogTO.