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Listed 1 month ago

502 - 1040 The Queensway Avenue N

Islington-City Centre West, Toronto

$475,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Welcome to this beautifully designed one-bedroom condo offering an exceptional open-concept layout with 587 sqft of thoughtfully planned living space. Enjoy two walkouts to an impressive 100 sq. ft. balcony overlooking the quiet residential neighbourhood on the north side of the building-an ideal setting for morning coffee, evening sunsets, or relaxing outdoors.The functional kitchen features sleek black appliances and a mirrored backsplash, while laminate and ceramic flooring flow throughout thesuite. The spacious bedroom includes a double closet and its own walkout to the balcony. Ensuite laundry, a locker, and an exceptionally well-positioned, generously sized parking space complete this fantastic offering.Located in the heart of The Queensway, one of Etobicoke's most desirable and convenient neighbourhoods, you're surrounded by excellent restaurants, cafés, shops, parks, and everyday amenities. Enjoy quick access to public transit, major highways, downtown Toronto, Sherway Gardens, and the waterfront. A perfect opportunity for first-time buyers, professionals, downsizers, or investors seeking comfort, convenience,and a peaceful residential outlook.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$550
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,903
mls© NumberW13489584
Listed ByCENTURY 21 ATRIA REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,431
Property tax
$159
Heat allowance
$150
Condo fees, half counted
$275
Housing costs
$3,015 / mo

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

Down payment20% · $95,000
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

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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