$518,000

$548,000For salePrice drop↓ $30,000 (5%)

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#205 15 Queens Quay East, Toronto (Waterfront Communities) - Single Family for Sale

#205 15 Queens Quay East, Toronto (Waterfront Communities), Ontario, M5E0A5

2 beds1 bath parking

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Investment analysis

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$518,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $518,000, it is attractively priced about 18% below the $629,900 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 57 days.

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

Description

Waterfront Pier 27 Tower. Almost 600 Sf ( 594 Sf) One Bedroom + Den With Sliding Door, Allowing The Den To Serve As A Functional Second Bedroom Or Private Office. Features 9Ft Ceiling, Floor-To-Ceiling Windows, And A Modern Open-Concept Layout With Designer Kitchen, Stainless Steel Appliances, And Granite Counter Tops. Premium Waterfront Living With 24-Hour Concierge, Outdoor Pool, Gym, Party Room, And Media Room. Steps To Sugar Beach, Grocery Stores, Financial District, TTC, Union Station, Harbourfront Centre, And More. Includes One Locker. The Photos Include Five Virtual Staging Images. (id:66096)

Property Details

MLS®: C14128100
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $570/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,487.95/yr
Listed: 8 days ago

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$943

List price

$518K

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 (M5E)

This home lists at $518,000, about 5.3× the local median household income of $98,000.

Carrying it typically needs a household income of about $101,184 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$518,000· $943/ft²

For sale

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Full Cost Breakdown

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Down Payment5.17% · $26,800.00

Min 5.17%50%

Mortgage payment$2,723/mo

↳ CMHC premium ($19,648 capitalized)

Property tax (est.)$207/mo

Condo fee$570/mo

Total monthly$3,500

Cash Needed to Close

Down payment (5.17%)$26,800

Land transfer tax$13,670

Est. closing costs$4,054

Total cash needed$44,524

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

#205 15 Queens Quay East, Toronto (Waterfront Communities) - Single Family for Sale

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