$414,900

For sale

#406 1195 The Queensway, Toronto (Islington-City Centre West) - Single Family for Sale

#406 1195 The Queensway, Toronto (Islington-City Centre West), Ontario, M8Z0H1

2 beds1 bath0 parking550 ft²$418/mo condo feeListed 32 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $414,900, it is attractively priced about 20% below the $519,000 median asking price in Toronto. It has been on the market 32 days, fresher than the Toronto average of 56 days.

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Description

Welcome To Urban Living At Its Finest At The Tailor On The Queensway! This Stylish 1 Bedroom + Den Suite Offers One Of The Most Functional Layouts The Building Has To Offer, With 541 Sq Ft Of Smart, Well-Planned Living Space. The Separate Private Den Comes With Its Own Door, Perfect As A Home Office, Guest Room, Or Cozy Relaxation Area. Large Floor-To-Ceiling Windows Flood The Unit With Natural Light, And Tall Ceilings Create A Bright, Airy Feel Throughout. Step Out Onto The Open Balcony To Enjoy Your Morning Coffee. This Building Is Also Loaded With Amenities Including 24 Hour Concierge, Fitness Centre, Library Lounce, Rooftop Gardens, And Costco, Plus Quick Access To The Gardiner & Highway 427. Steps To Senator Marian Maloney Park And The Zorra Dog Park For Sunny Days Outdoors. Perfect For Young Professionals Or Couples Looking For Affordable Maintenance In A Great Building. Don't Miss Out! (id:66096)

Property Details

MLS®: W13861442
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $418/mo
Fee Includes: Heat, Insurance
Ownership: Condo/Strata
Property Tax: $2,248.22/yr
Listed: 32 days ago

Rooms

Main level

Dining room: 3.31 x 3.07 meters
Living room: 2.57 x 3.07 meters
Bedroom: 3.07 x 2.94 meters
Den: 2.33 x 1.62 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
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

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

56d

Price / ft²

$755

List price

$415K

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 32 days, which is 24 days fresher than the city average of 56. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · FARIS ZARIFA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $414,900, about 3.7× the local median household income of $111,000.

Carrying it typically needs a household income of about $81,044 (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)

$414,900· $755/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,745

Min 5%50%

Mortgage payment$2,185/mo

↳ CMHC premium ($15,766 capitalized)

Property tax (est.)$187/mo

Condo fee$418/mo

Total monthly$2,791

Cash Needed to Close

Down payment (5%)$20,745

Land transfer tax$9,546

Est. closing costs$3,745

Total cash needed$34,036

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