$507,780

For sale

#213 1195 The Queensway, Toronto (Islington-City Centre West) - Single Family for Sale

#213 1195 The Queensway, Toronto (Islington-City Centre West), Ontario, M8Z0H1

2 beds2 baths1 parking850 ft²$675/mo condo feeListed 51 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Its $507,780 asking price sits right in line with the $519,000 median in Toronto. It has been on the market 51 days, fresher than the Toronto average of 56 days.

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Description

HST REBATE ELIGIBLE. Experience modern urban living in this 2-bedroom, 2-bathroom suite at The Tailor Condos - a stylish 10-storey boutique residence at 1195 The Queensway. Designed with both comfort and sophistication in mind, this beautifully appointed unit features a bright open-concept layout, soaring 9-foot ceilings, and a private balcony that invites abundant natural light. The contemporary kitchen showcases quartz countertops, a chic backsplash, and energy-efficient stainless-steel appliances, while sleek laminate flooring flows seamlessly throughout the suite. Enjoy the added convenience of ensuite laundry, making everyday living effortless. Commuters will appreciate easy access to the Gardiner Expressway, Highway 427, Mimico GO Station, and subway stations at Islington and Kipling, with a bus stop located directly outside the building. Residents enjoy premium amenities including an executive concierge, a wellness centre with yoga and weight-training facilities, a library lounge and event space, and a stunning rooftop terrace with BBQ and dining areas. Perfect for first-time buyers, professionals, or investors, this low-maintenance residence offers exceptional value in a prime Toronto location. One parking space and one locker is included. Live where style, comfort, and convenience meet - welcome to life at The Tailor Condos. (id:66096)

Property Details

MLS®: W13791238
Property Type: Single Family
Zoning: AV
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Inside Entry
Condo Fee: $675/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,265/yr
Listed: 51 days ago

Rooms

Main level

Bedroom 2: 2.4 x 2.65 meters
Kitchen: 4.66 x 4.35 meters
Primary Bedroom: 2.74 x 3.07 meters

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

Features

Exterior: Concrete
Lot Features: Lighting, Balcony, Level, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$598

List price

$508K

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 (Islington-City Centre West) has been listed for 51 days, which is 5 days fresher than the city average of 56. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · SAURABH SUR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $507,780, about 4.6× the local median household income of $111,000.

Carrying it typically needs a household income of about $99,187 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$507,780· $598/ft²

For sale

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Full Cost Breakdown

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Down Payment5.08% · $25,778

Min 5.08%50%

Mortgage payment$2,672/mo

↳ CMHC premium ($19,280 capitalized)

Property tax (est.)$272/mo

Condo fee$675/mo

Total monthly$3,620

Cash Needed to Close

Down payment (5.08%)$25,778

Land transfer tax$13,261

Est. closing costs$4,023

Total cash needed$43,062

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