$648,000

For sale

#408 15 Queens Quay East, Toronto (Waterfront Communities) - Single Family for Sale

#408 15 Queens Quay East, Toronto (Waterfront Communities), Ontario, M5E0C5

2 beds1 bath0 parking550 ft²$469/mo condo feeListed 15 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Its $648,000 asking price sits right in line with the $629,900 median in Toronto. It has been on the market 15 days, fresher than the Toronto average of 57 days.

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Description

The best of the lake life in a luxury Pier 27 Condo. Bright and spacious 1 bedroom + den with a lake view, 549 sq ft + balcony, excellent layout with no space wasted. Tenant currently using primary bedroom as a home office and the den as a bedroom. Yes, the den is big enough to be a bedroom. Modern kitchen w/quartz countertops, mosaic backsplash and built-in appliances. Luxury amenities, only for the residents of 15 Queens Quay, include: indoor pool, gym, sauna, rooftop outdoor pool with BBQ area, theatre/media room. party room. billiard room, 24 hr concierge and security. Steps to Union station with Go train and Subway, Ferry to the island, banks, LCBO, grocery stores, St Lawrence market, Front street, Financial district, Sugar beach and marina.Walk score 97/100. (id:66096)

Property Details

MLS®: C14105592
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: No Garage
Pool: Yes
Condo Fee: $469/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,744.88/yr
Listed: 15 days ago

Rooms

Main level

Living room: 7.79 x 3.04 meters
Dining room: 7.79 x 3.04 meters
Kitchen: 7.79 x 3.04 meters
Primary Bedroom: 3.43 x 2.56 meters
Bedroom 2: 2.56 x 1.75 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, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,179

List price

$648K

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 15 days, which is 42 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · JULIA VLADIMIRSKY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $648,000, about 6.6× the local median household income of $98,000.

Carrying it typically needs a household income of about $126,577 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$648,000· $1,179/ft²

For sale

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Full Cost Breakdown

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Down Payment6.14% · $39,800

Min 6.14%50%

Mortgage payment$3,372/mo

↳ CMHC premium ($24,328 capitalized)

Property tax (est.)$229/mo

Condo fee$469/mo

Total monthly$4,070

Cash Needed to Close

Down payment (6.14%)$39,800

Land transfer tax$18,870

Est. closing costs$4,444

Total cash needed$63,114

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