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New2 hours ago

228 Queens Quay N/A W

Waterfront Communities C1, Toronto

$485,000

Condo Apartment |
1 | 1 | 0
About this home

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!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$554
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,333
Lot Size x
mls© NumberC14126750
Listed ByWEISS REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,482
Property tax
$194
Heat allowance
$150
Condo fees, half counted
$277
Housing costs
$3,104 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $97,000
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,041 / mo
Cash down
$97,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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