$449,000

For sale

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#1705 208 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#1705 208 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2Y5

1 bed1 bath1 parking ft²

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Investment analysis

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$449,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $449,000, it is attractively priced about 29% below the $629,900 median asking price in Toronto. It has been on the market 20 days, fresher than the Toronto average of 57 days.

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

Description

Welcome to the WaterClub Condominiums and this 553 sq.ft. 1-bedroom unit with stunning unobstructed south views over Lake Ontario and marina. Hardwood and limestone (foyer and kitchen) flooring, the spacious bedroom with a walk/in closet. Renovated 4-pc bathroom, 2025 washer/dryer. Steps to Harbourfront, Union Station, TTC, Shopping, Theatres, The Financial and Entertainment Districts. Rogers Centre and Scotiabank Arena nearby. Fabulous recreational facilities including a Fitness Centre, sauna, indoor and outdoor pools, party rooms. 24-hrConcierge. 1 parking space comes with the unit. (id:66096)

Property Details

MLS®: C14088846
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $618/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,938.8/yr
Listed: 20 days ago

Market Timing

Days on market

20d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$817

List price

$449K

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.

Area context

Neighbourhood profile (M5J)

This home lists at $449,000, about 4.8× the local median household income of $94,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 16,879
Median age: 33.6
Owner / renter: 43% / 57%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5J)

$449,000· $817/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$245/mo

Condo fee$618/mo

Total monthly$3,228

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$10,910

Est. closing costs$3,847

Total cash needed$37,207

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

#1705 208 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5J)

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