$499,000

For sale

#713 1050 The Queensway, Toronto (Islington-City Centre West) - Single Family for Sale

#713 1050 The Queensway, Toronto (Islington-City Centre West), Ontario, M8Z1P7

1 bed1 bath1 parking550 ft²$585/mo condo feeListed 44 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Its $499,000 asking price sits right in line with the $519,000 median in Toronto. It has been on the market 44 days, fresher than the Toronto average of 56 days.

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Description

Freshly renovated. Exceptionally located. Completely move-in ready. Welcome to this bright and spacious one-bedroom suite in an excellent Etobicoke location, offering a fully renovated kitchen, beautifully redesigned bathroom, and new flooring throughout. Floor-to-ceiling windows fill the space with natural light, while two walkouts lead to a generous 112 sq. ft. balcony with unobstructed north views. Stainless steel appliances, a functional layout, owned parking and a locker complete the package. Steps to transit, shopping, parks and restaurants, with easy highway access and a quick commute to Islington Subway Station or downtown Toronto. Enjoy an impressive collection of building amenities including concierge, gym, outdoor hot tub, sauna, party room, hydrotherapy pool and visitor parking. A turnkey suite in a connected Etobicoke setting - just move in and enjoy. (id:66096)

Property Details

MLS®: W13820488
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $585/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,918.25/yr
Listed: 44 days ago

Rooms

Flat

Living room: 5.26 x 3.29 meters
Dining room: 5.26 x 3.29 meters
Kitchen: 3.2 x 2.99 meters
Bedroom: 2.73 x 5.11 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: Laminate
Foundation: Block
Exterior: Concrete, Brick Veneer
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$908

List price

$499K

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 1-bed single family in Toronto (Islington-City Centre West) has been listed for 44 days, which is 12 days fresher than the city average of 56. Act while there is still low competition.

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Listed by BOSLEY REAL ESTATE LTD. · MELISSA KITAZAKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $499,000, about 4.5× the local median household income of $111,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$499,000· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$160/mo

Condo fee$585/mo

Total monthly$3,373

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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