$419,800

$424,800For salePrice drop↓ $5,000 (1%)

#215 1040 The Queensway, Toronto (Islington-City Centre West) - Single Family for Sale

#215 1040 The Queensway, Toronto (Islington-City Centre West), Ontario, M8Z0A7

2 beds1 bath1 parking650 ft²$620/mo condo feeListed 24 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $419,800, it is attractively priced about 19% below the $519,000 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 56 days.

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Description

Welcome to Loggia Condos at 1040 The Queensway, Unit 215 - a bright and functional 1-bedroom and den condo in South Etobicoke. This inviting suite features an open-concept layout that flows seamlessly for everyday living and entertaining. The versatile den provides excellent separate space ideal as a home office, guest area, or creative nook-perfect for work-from-home flexibility. The suite also features a four-piece bathroom and the convenience of in-suite laundry.Step outside onto the large balcony, which overlooks a beautiful canopy of trees. Enjoy natural shade and a private outdoor retreat right at your door-ideal for morning coffee or evening relaxation. Residents of The Loggia enjoy excellent building amenities, including a gym, indoor pool, sauna, party/meeting room, concierge, and visitor parking.Parking and locker are included. Conveniently situated near Islington Avenue and The Queensway with easy access to Highways 427, the QEW/Gardiner Expressway, TTC transit, shopping (including Cineplex, nearby retail, and major stores), restaurants, and a quick commute downtown or to Pearson Airport. Parks and Lake Ontario areas are also nearby. This is a well-located, functional 1+den home that combines urban convenience with a tree-lined balcony-complete with parking and locker for added practicality. Ideal for first-time buyers, professionals, downsizers, or investors. (id:66096)

Property Details

MLS®: W14004754
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $620/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,125.45/yr
Listed: 24 days ago

Rooms

Flat

Kitchen: 3.63 x 2.01 meters
Living room: 5.76 x 3.19 meters
Dining room: 5.76 x 3.19 meters
Bedroom: 3.86 x 2.68 meters
Den: 3.6 x 2.95 meters
Bathroom: 2.26 x 1.49 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, Dishwasher, Stove, Dryer, Microwave
Exterior: Concrete
Lot Features: Elevator, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

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

56d

Price / ft²

$646

List price

$420K

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 24 days, which is 32 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. · JACK CEKOVIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $419,800, about 3.8× the local median household income of $111,000.

Carrying it typically needs a household income of about $82,002 (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)

$419,800· $646/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,990

Min 5%50%

Mortgage payment$2,211/mo

↳ CMHC premium ($15,952 capitalized)

Property tax (est.)$177/mo

Condo fee$620/mo

Total monthly$3,009

Cash Needed to Close

Down payment (5%)$20,990

Land transfer tax$9,742

Est. closing costs$3,759

Total cash needed$34,491

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