$599,000

For sale

#301 250 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#301 250 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N2

2 beds1 bath1 parking850 ft²$939/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $599,000, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 57 days.

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Description

GORGEOUS UPDATED AND BRIGHT LAKEVIEW CONDO WITH UNMATCHED CONVENIENCE! Welcome to your dream oasis overlooking the water! This beautifully renovated, 854 sq ft one bedroom with open den, corner unit offers a perfect blend of modern luxury and unparalleled daily convenience. This stunning unit is completely move-in ready and shows beautifully. Take in unobstructed vistas of Lake Ontario right from your living space and enjoy peaceful views overlooking the adjacent parkette. Experience incredible natural light throughout the day, showcasing the bright, airy design. AN ULTRA-RARE FIND: NO ELEVATORS REQUIRED with both your parking space and storage locker located on the same floor as your unit! The Exclusive Parking spot is in a secure, covered above ground lot situated directly beside the building's entrance door with seamless access straight from your car, through the entrance door, down a short hall and right into your unit. This level of accessibility is incredibly rare and highly sought after. Renovated Kitchen with premium quartz countertops and a sleek, modern finish overlooks lake. Brand-new, durable vinyl flooring flows seamlessly through the main living spaces and freshly painted in a bright, neutral palette that complements any decor style. The very spacious bedroom is a tranquil retreat with an oversized closet. And the versatile den offers the perfect setup for a bright home office, a cozy reading nook or a creative space showcasing incredible southeast views of the water and green space. This home combines a highly coveted waterfront lifestyle with access to bike path right across street and a short walk to exceptional restaurants, Union Station's TTC, Go and Via Rail, Rogers Centre for Jay games/concerts or Scotiabank Arena for Leafs/Raptors games and close to the island airport. Lovely unit with south facing lake views in a well managed building with concierge/security, gym, guest suite and roof top deck with bbqs! Don't miss this rarely available unit! (id:66096)

Property Details

MLS®: C14102166
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Covered, Other
Condo Fee: $939/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,813/yr
Listed: 16 days ago

Rooms

Main level

Foyer: 1.93 x 1.4 meters
Living room: 4.98 x 3.66 meters
Dining room: 2.87 x 2.54 meters
Kitchen: 3.05 x 2.87 meters
Primary Bedroom: 3.66 x 3.4 meters
Den: 4.37 x 2.29 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, Window Coverings
Flooring: Tile, Vinyl
Exterior: Brick
Lot Features: Elevator

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$705

List price

$599K

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 (Waterfront Communities) has been listed for 16 days, which is 41 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP · RYAN A DE CASTRO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5J)

This home lists at $599,000, about 6.4× the local median household income of $94,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$599,000· $705/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$234/mo

Condo fee$939/mo

Total monthly$4,301

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$16,910

Est. closing costs$4,297

Total cash needed$56,107

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