$1,399,999

For sale

#601 480 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#601 480 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5V2Y5

2 beds2 baths1 parking1,700 ft²$1,468/mo condo feeListed 37 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,700 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Suite 601W at the iconic King's Landing-a masterpiece by celebrated Canadian architect Arthur Erickson, best known for Roy Thomson Hall. Nestled along Toronto's vibrant waterfront, this rare, quiet corner unit has been meticulously renovated, offering a unique blend of architectural prestige and modern luxury. Step through a spacious, elegant foyer into a thoughtfully redesigned home perfect for elevated everyday living and entertaining. The heart of the suite features a gourmet chef's kitchen with a striking 10-ft waterfall island, premium Miele appliances, and custom wine storage-flowing seamlessly into a large open-concept living and dining area. An expansive living room offers the perfect setting to host guests, while the bright solarium provides a private retreat to read, relax, or enjoy a glass of wine. The luxurious primary suite boasts a vast walk-in closet and spa-like ensuite with jetted soaker tub, dual vanities, and private water closet. A full-sized laundry room with built-in storage adds comfort and convenience. Ideally located on the same level as the building's exceptional amenities: indoor saltwater pool & whirlpool, sauna, rooftop terrace with BBQs, outdoor pickleball court, state-of-the-art gym, party room, and golf swing practice range. Includes 1 parking space and 1 locker. With 24-hour white-glove concierge service, premier finishes, and a landmark location, Suite 601W is a rare opportunity to live in one of Toronto's most architecturally significant residences. (id:66096)

Property Details

MLS®: C13837516
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,700 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $1,468/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Kitchen: 8.56 x 3.81 meters
Primary Bedroom: 4.27 x 3.99 meters
Other: 3.44 x 1.92 meters
Bathroom: 3.69 x 2.47 meters
Bedroom 2: 3.41 x 3.14 meters
Partial bathroom: 1.25 x 1.25 meters
Laundry room: 3.29 x 1.86 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Range, Dryer, Oven - Built-In, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$824

List price

$1.40M

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 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · Adam Tillie

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,399,999, about 15.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $273,469 (20% down, 25-yr amortization, stress-tested) — roughly 201% 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)

$1,399,999· $824/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,999.90

Min 8.21%50%

Mortgage payment$7,124/mo

↳ CMHC premium ($51,400 capitalized)

Property tax (est.)$439/mo

Condo fee$1,468/mo

Total monthly$9,031

Cash Needed to Close

Down payment (8.21%)$115,000

Land transfer tax$48,950

Est. closing costs$6,700

Total cash needed$170,650

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