$329,000

For sale

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#1616 215 Queen Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1616 215 Queen Street West, Toronto (Waterfront Communities), Ontario, M5V0P5

0 beds bath

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Listed by PROMPTON REAL ESTATE SERVICES CORP.

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#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

For saleJust listed

Today

$509K

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

2 bd1 ba750 ft²+$653/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$329,000

Toronto

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$299/mo condo fee

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 57 days.

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

Description

Turnkey opportunity in the heart of downtown Toronto! Welcome to 215 Queen St - a smartly designed studio suite in a high-demand location, ideal for both investors and first-time buyers looking to enter the market. This efficient open-concept layout maximizes every inch of space, featuring large windows, modern finishes, and a sleek kitchen with ample storage. Fantastic entry point for buyers seeking a low-maintenance urban lifestyle in a prime location. Unmatched Location & Future Growth Potential * Right Next to Major Subway Station for 2 Subway Lines (Line 1 Osgoode Station & New Ontario Line Station (Major Upside*) High Demand Area with Starbucks in the Building* Steps to Nathan Philip Square, Theatres, Shops, Schools & Top Restaurants, Walk to Union Station in 15 minutes, Up Express to Pearson, CN Tower & Major Sports Stadiums. 24 Hours Concierge, Fitness Centre, Party Room, Bookable Patio with BBQs. This is a location that continues to drive strong demand and long-term value. Whether you're building your portfolio or looking for your first home in the downtown core, this is an opportunity not to be missed. (id:66096)

Property Details

MLS®: C13836430
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Garage: Garage, Underground
Condo Fee: $299/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $1,825/yr
Listed: 37 days ago

Rooms

Main level

Kitchen: 3.87 x 3.39 meters
Living room: 3.87 x 3.39 meters

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

Features

Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,319

List price

$329K

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 single family in Toronto (Waterfront Communities) has been listed for 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · HARSH DARA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $329,000, about 3.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $64,265 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$329,000· $1,319/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,450

Min 5%50%

Mortgage payment$1,733/mo

↳ CMHC premium ($12,502 capitalized)

Property tax (est.)$152/mo

Condo fee$299/mo

Total monthly$2,184

Cash Needed to Close

Down payment (5%)$16,450

Land transfer tax$6,820

Est. closing costs$3,487

Total cash needed$26,757

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