$529,000

For sale

#316 85 Queens Wharf Road, Toronto (Waterfront Communities) - Single Family for Sale

#316 85 Queens Wharf Road, Toronto (Waterfront Communities), Ontario, M5V0J9

2 beds1 bath1 parking650 ft²$661/mo condo feeListed 36 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $529,000, it is attractively priced about 16% below the $629,900 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 57 days.

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Description

Welcome to this bright and spacious 648 sq. ft. 1-bedroom plus den unit in Toronto's most saught-after waterfront community. Offering a functional and well-designed layout, the suite features a spacious bedroom with floor-to-ceiling windows and ample closet space. The den can easily be used as a second bedroom, home office, or guest space. The open-concept living area is filled with natural light and walks out to a large private balcony, perfect for relaxing or entertaining. The kitchen is equipped with stainless steel appliances, plus New Fridge, Washer and Dryer. Residents enjoy access to excellent amenities, including a 24-hour concierge, indoor pool, rooftop garden, guest suites, and BBQ area. Ideally located steps from the waterfront, parks, transit, restaurants, and Toronto's downtown core, this property is an excellent opportunity for both end users and investors. (id:66096)

Property Details

MLS®: C13846332
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
Condo Fee: $661/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,261.07/yr
Listed: 36 days ago

Rooms

Flat

Kitchen: 3.96 x 2.39 meters
Dining room: 3.96 x 2.39 meters
Living room: 3.15 x 3.43 meters
Bedroom: 2.82 x 3.4 meters
Den: 2.77 x 2.72 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: Vinyl
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$814

List price

$529K

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 36 days, which is 21 days fresher than the city average of 57. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · KARINA HE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $529,000, about 5.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $103,332 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$529,000· $814/ft²

For sale

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Full Cost Breakdown

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Down Payment5.27% · $27,900

Min 5.27%50%

Mortgage payment$2,778/mo

↳ CMHC premium ($20,044 capitalized)

Property tax (est.)$272/mo

Condo fee$661/mo

Total monthly$3,711

Cash Needed to Close

Down payment (5.27%)$27,900

Land transfer tax$14,110

Est. closing costs$4,087

Total cash needed$46,097

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