$794,950

For saleJust listed

#1011 550 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#1011 550 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5V3M8

2 beds2 baths1 parking750 ft²$668/mo condo feeListed 2 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 2 days, fresher than the Toronto average of 58 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Beautifully renovated and exceptionally well presented, this stylish 2-bedroom, 2-bathroom residence at 550 Queens Quay offers the perfect blend of modern finishes, comfort and waterfront living. Thoughtfully updated throughout, the suite showcases a fresh, contemporary feel with an inviting layout designed for both everyday living and entertaining. Bright, welcoming principal living spaces are complemented by two well-proportioned bedrooms and two bathrooms, offering excellent functionality and flexibility. Complete with one underground parking space and a private locker, this is an excellent opportunity to enjoy everything the waterfront lifestyle has to offer. Ideally situated just steps to the lake, waterfront trails, parks, restaurants, cafes, transit and the many amenities of downtown Toronto. Move-in ready and showing exceptionally well, this is waterfront living at its best! (id:66096)

Property Details

MLS®: C14138034
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $668/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,061.57/yr
Listed: 2 days ago

Rooms

Ground level

Living room: 4.72 x 3.89 meters
Dining room: 4.72 x 3.89 meters
Kitchen: 3.35 x 2.44 meters
Primary Bedroom: 3.81 x 3.2 meters
Bedroom 2: 3.51 x 2.74 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

58d

Price / ft²

$1,061

List price

$795K

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 (Waterfront Communities) has been listed for 2 days, which is 56 days fresher than the city average of 58. Act while there is still low competition.

Set a price alert Book a showing

Listed by SAGE REAL ESTATE LIMITED · JOEL COOPER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $794,950, about 8.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $155,282 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$794,950· $1,061/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.86% · $54,495

Min 6.86%50%

Mortgage payment$4,105/mo

↳ CMHC premium ($29,618 capitalized)

Property tax (est.)$255/mo

Condo fee$668/mo

Total monthly$5,028

Cash Needed to Close

Down payment (6.86%)$54,495

Land transfer tax$24,748

Est. closing costs$4,885

Total cash needed$84,128

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator