$699,900

For saleJust listed

#609W 500 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#609W 500 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5V3K8

2 beds2 baths1 parking850 ft²$943/mo condo feeListed 5 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 5 days, fresher than the Toronto average of 58 days.

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Description

Welcome to Suite 609W at 500 Queens Quay West, where waterfront living meets the convenience and energy of downtown Toronto. Located in an intimate boutique-style condominium, this beautifully proportioned 888 sq. ft. one-bedroom plus den residence offers a refreshing sense of space, comfort and understated sophistication. Featuring two bathrooms, one parking space, a locker and ensuite laundry, this thoughtfully designed suite offers both functionality and flexibility for today's lifestyle.Enjoy desirable southwest exposure, filling the home with natural light while offering partial views of Lake Ontario and a beautiful waterfront backdrop. The generous living and dining areas provide an inviting setting for everyday living and entertaining, while the spacious den offers exceptional versatility as a home office, reading retreat or additional living space. Step out to the balcony and take in the surrounding city and lake views.Beyond your front door, embrace the best of Harbourfront living. Enjoy scenic waterfront promenades, cycling trails, parks and green spaces, along with an excellent selection of cafés, restaurants, cultural attractions and everyday conveniences. Convenient TTC access connects you to the downtown core and beyond, making this an ideal location for those who appreciate an active, connected urban lifestyle.Whether you're a professional, downsizer or discerning buyer seeking more space without sacrificing location, this residence offers a wonderful opportunity to enjoy the best of Toronto's waterfront community. A spacious, versatile home in a sought-after Harbourfront location, where the city and the lake come together. (id:66096)

Property Details

MLS®: C14133524
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $943/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,506.61/yr

Rooms

Main level

Living room: 5.79 x 3.36 meters
Dining room: 5.79 x 3.36 meters
Kitchen: 3 x 3 meters
Primary Bedroom: 4.27 x 3.05 meters
Den: 3.62 x 3.05 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
Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

58d

Price / ft²

$824

List price

$700K

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 5 days, which is 53 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MAYA GROZDANIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $699,900, about 7.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 50% 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)

$699,900· $824/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$292/mo

Condo fee$943/mo

Total monthly$4,866

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$20,946

Est. closing costs$4,600

Total cash needed$70,536

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