$550,000

$565,000For salePrice drop↓ $15,000 (3%)

#1001 1195 The Queensway, Toronto (Islington-City Centre West) - Single Family for Sale

#1001 1195 The Queensway, Toronto (Islington-City Centre West), Ontario, M8Z1R7

2 beds2 baths1 parking750 ft²$576/mo condo feeListed 39 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 39 days, fresher than the Toronto average of 56 days.

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Description

Live in style at Tailor Condos with this bright, modern 2-bedroom, 2-bathroom penthouse corner suite in the heart of South Etobicoke, complete with underground parking. Enjoy panoramic views, abundant natural light, and a smart split-bedroom layout offering ideal privacy. The primary bedroom features a private ensuite and double closet, while the open-concept living and dining area is well suited to both everyday living and entertaining. Additional highlights include ensuite laundry and a functional contemporary layout. Ideally located on The Queensway with convenient access to the Gardiner Expressway, Highway 427, Mimico GO, and Islington/Kipling subway stations. Walk to Sherway Gardens, cafés, restaurants, and everyday essentials. Currently tenant occupied. (id:66096)

Property Details

MLS®: W13835566
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $576/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,212/yr
Listed: 39 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

39d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$734

List price

$550K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Islington-City Centre West) has been listed for 39 days, which is 17 days fresher than the city average of 56. Act while there is still low competition.

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Listed by MODERN SOLUTION REALTY INC. · NEHA VERMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $550,000, about 5.0× the local median household income of $111,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$550,000· $734/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$268/mo

Condo fee$576/mo

Total monthly$3,727

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$14,950

Est. closing costs$4,150

Total cash needed$49,100

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