$570,000

$595,000For salePrice drop↓ $25,000 (4%)

#1726 230 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#1726 230 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2Y7

1 bed1 bath1 parking550 ft²$610/mo condo feeListed 58 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $570,000, it is attractively priced about 10% below the $629,900 median asking price in Toronto.

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Description

Turnkey Downtown Toronto Investment Opportunity! This spacious, thoughtfully designed 580 sq. ft. one-bedroom suite is already tenant-occupied and generating $2,550 per month-an excellent opportunity for investors seeking immediate rental income from day one. The bright, functional layout maximizes every square foot, offering comfortable living and entertaining space with no wasted area. Step outside onto the oversized private balcony and enjoy impressive views of the CN Tower, all from an exceptional downtown location across the street from Toronto's waterfront. Surrounded by the best of city living, this well-positioned condo offers lasting appeal to both tenants and investors. Purchase a desirable Toronto property with reliable rental income already in place! (id:66096)

Property Details

MLS®: C13759878
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, Geo Thermal
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $610/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,616/yr
Listed: 58 days ago

Rooms

Flat

Living room: 4.42 x 4.54 meters
Dining room: 4.42 x 4.54 meters
Primary Bedroom: 2.93 x 3.54 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings
Flooring: Hardwood, Laminate
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,037

List price

$570K

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 1-bed single family in Toronto (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE SIGNATURE REALTY · DIANA BADDOUR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5J)

This home lists at $570,000, about 6.1× the local median household income of $94,000.

Carrying it typically needs a household income of about $111,341 (20% down, 25-yr amortization, stress-tested) — roughly 18% above 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)

$570,000· $1,037/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $32,000.00

Min 5.61%50%

Mortgage payment$2,983/mo

↳ CMHC premium ($21,520 capitalized)

Property tax (est.)$218/mo

Condo fee$610/mo

Total monthly$3,811

Cash Needed to Close

Down payment (5.61%)$32,000

Land transfer tax$15,750

Est. closing costs$4,210

Total cash needed$51,960

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