$1,025,000

For sale

Book a showing

#708W 500 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

#708W 500 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5V3K8

2 beds2 baths1 parking ft²

#2605 17 Bathurst Street, Toronto (Waterfront Communities), Ontario, M5V0N1

1 bd1 ba250 ft²+$395/mo

Listed by PROMPTON REAL ESTATE SERVICES CORP.

#TH1 508 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0K8

For saleJust listed

Today

$1.60M

#TH1 508 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0K8

4 bd3 ba1 pk1,700 ft²+$1880/mo

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

#2810 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V2G5

For saleJust listed

Today

$525K

#2810 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V2G5

2 bd1 ba550 ft²+$481/mo

Listed by BRAD J. LAMB REALTY 2016 INC.

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

For saleJust listed

Today

$509K

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

2 bd1 ba750 ft²+$653/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$1,025,000

Toronto

Book a showing

Description

Luxury 2 Bedrooms Plus Den In One Of The Most Luxury Building In Waterfront ! LakeView with Split Bedroom Layout, Smooth Ceilings, Real Wood Floors, Gas Fireplace, Closet Organizers, Large Whirlpool Tub. Private South-facing balcony and breathtaking, unobstructed views of Lake Ontario, the marina, and the Music Garden. Fantastic Building And Ideal Location. Queens Quey LRT at your Front Door. (id:66096)

Property Details

MLS®: C13738060
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: Partially finished, None, N/A
Heating: Baseboard heaters, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $1,203/mo
Fee Includes: Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,527/yr
Listed: 63 days ago

Market Timing

Days on market

63d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$932

List price

$1.02M

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.

Area context

Neighbourhood profile (M5V)

This home lists at $1,025,000, about 11.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $200,218 (20% down, 25-yr amortization, stress-tested) — roughly 120% 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)

$1,025,000· $932/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.56% · $77,500

Min 7.56%50%

Mortgage payment$5,253/mo

↳ CMHC premium ($37,900 capitalized)

Property tax (est.)$377/mo

Condo fee$1,203/mo

Total monthly$6,833

Cash Needed to Close

Down payment (7.56%)$77,500

Land transfer tax$33,950

Est. closing costs$5,575

Total cash needed$117,025

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#708W 500 Queens Quay West, Toronto (Waterfront Communities) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5V)

Book a showing

Full Cost Breakdown