550 Queens Quay, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $625,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Guest Accommodations
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Live by the lake in this fabulous mid-rise boutique building on the waterfront. This expansive 1-Bedroom is South-facing with an unobstructed view of the lake, park, trail. This open concept unit offers floor to ceiling windows, a private covered balcony and a large primary bedroom which is King-size bed ready and includes a walk-in closet with plenty of storage, and a separate entrance to the ensuite bathroom. Note - a separate room for the 2-piece for extra privacy. Love outdoor living - enjoy the balcony which adds 66 square feet of additional living space. The Unit also has 1 parking spot and 1 locker which are both owned. What you will love about living here: A well managed building with a great concierge, view of the lake, access to the waterfront trails, transit, large bedroom, Visitor parking, good storage options. Walking distance to Rogers Center, Scotiabank Arena, Bud Stage, King West, Airport, zip across to the island via the water taxi at your doorstep. Amenities include: an Amazing rooftop terrace with panoramic views, BBQ areas, lounging chairs - perfect for friend and family gatherings. Party room - great for entertaining and work from home space. The gym is welcoming with newer equipment. Sauna and steam room are an added bonus after a hard work out. 24-hour concierge + security also a big perk.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake/Pond, Park, Public Transit, Clear View, Greenbelt/Conservation, Marina
Interior Features
Guest Accommodations
Security Features
Concierge/Security, Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 550 Queens Quay W 201, Toronto C01, ON M5V 3M8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $625,000 in Toronto, the legal minimum down payment is $37,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,975 also applies, bringing the total estimated land transfer taxes to $17,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
