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New3 hours ago

502 - 1040 The Queensway Avenue N

Islington-City Centre West, Toronto

$399,990

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 thebuilding-an ideal setting for morning coffee, evening sunsets, or relaxing outdoors.The functional kitchen features sleek black appliances anda mirrored backsplash, while laminate and ceramic flooring flow throughout thesuite. The spacious bedroom includes a double closet and itsown walkout to the balcony. Ensuite laundry, a locker, and an exceptionally well-positioned, generously sized parking space complete thisfantastic offering.Located in the heart of The Queensway, one of Etobicoke's most desirable and convenient neighbourhoods, you'resurrounded by excellent restaurants, cafes, 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 investorsseeking comfort, convenience,and a peaceful residential outlook.

Extras

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$550
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,902
mls© NumberW13727540
Listed ByCENTURY 21 ATRIA REALTY INC.
Heat Included
Common Elements Included
Water Included
Building Insurance Included
Parking Included
CAC Included

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%
$2,047
Property tax
$159
Heat allowance
$150
Condo fees, half counted
$275
Housing costs
$2,631 / mo

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

Down payment20% · $79,998
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,998

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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