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$485,000
Toronto
#711 228 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2X1
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $485,000, it is attractively priced about 23% below the $629,900 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 57 days.
Enjoy the best of downtown Toronto living in this bright and spacious 590 square feet one-bedroom condo, featuring a functional, traditional layout, a private balcony, and a partial view of Lake Ontario while the monthly maintenance fee includes all major utilities! Ideally located within walking distance of the downtown core and waterfront, this inviting suite offers comfortable living in a quiet, clean, and well-maintained building. Conveniently situated near Union Station, the Financial District, major highways, and Billy Bishop Toronto City Airport, this location offers exceptional convenience for commuters and urban professionals alike. Residents enjoy an impressive collection of building amenities, including an indoor swimming pool, fully equipped fitness centre, sauna, BBQ area, party and meeting rooms, guest suites, 24/7 concierge, and visitor parking. With shopping, dining, entertainment, transit, and the waterfront all close by, this is an outstanding opportunity for first-time buyers to step into the Toronto real estate market or for investors seeking a property in a prime downtown location. Whether you're looking for a place to call home or a smart addition to your investment portfolio, this condo delivers the space, amenities, and location to make downtown living truly worthwhile. Don't miss your opportunity to own in the heart of Toronto! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (Waterfront Communities) has been listed for 8 days, which is 49 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $485,000, about 5.2× the local median household income of $94,000.
Carrying it typically needs a household income of about $94,737 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5J)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice