$509,000

For saleJust listed

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#2903 270 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

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Investment analysis

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$509,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $509,000, it is attractively priced about 19% below the $629,900 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 57 days.

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

Description

Enjoy the best of downtown waterfront living at 270 Queens Quay W! A renovated, bright and spacious unit with completely unobstructed southwest views. Optimal sized solarium. 1 locker unit included. Ideally situated steps from Lake Ontario, the waterfront promenade, parks, scenic walking and cycling trails, and Harbourfront Centre. This exceptional location puts you just minutes from the CN Tower, Rogers Centre, Scotiabank Arena, Entertainment District, Financial District, and an array of restaurants, cafes, and shopping. Convenient TTC streetcar service along Queens Quay provides easy access to Union Station, GO Transit, the subway, and VIA Rail, while the Gardiner Expressway and Billy Bishop Airport are also nearby. With the lake at your doorstep and downtown Toronto just moments away, this is a truly connected and vibrant waterfront lifestyle. Welcome Home. (id:66096)

Property Details

MLS®: C14149760
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Electric, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $653/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,631.87/yr
Listed: Today

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$679

List price

$509K

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 $509,000, about 5.4× the local median household income of $94,000.

Carrying it typically needs a household income of about $99,426 (20% down, 25-yr amortization, stress-tested) — roughly 6% 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)

$509,000· $679/ft²

For sale

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Full Cost Breakdown

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Down Payment5.09% · $25,900

Min 5.09%50%

Mortgage payment$2,678/mo

↳ CMHC premium ($19,324 capitalized)

Property tax (est.)$219/mo

Condo fee$653/mo

Total monthly$3,551

Cash Needed to Close

Down payment (5.09%)$25,900

Land transfer tax$13,310

Est. closing costs$4,027

Total cash needed$43,237

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

#2903 270 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

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