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 concrete and brick construction, this residence presents an exceptional opportunity offered at $629,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Live where mornings begin with lake views and evenings end with city lights. This refreshed 1+Den offers bright, open living space framed by wall-to-wall windows and a private balcony overlooking gardens, the marina and sparkling Lake Ontario-a view that elevates everyday life.Move-in ready and thoughtfully updated, the suite features new flooring, fresh paint, upgraded kitchen counters, new sink and faucet, and brand new, never-used stove and dishwasher. The bath is refreshed with a new vanity countertop, toilet and fixtures. A spacious bedroom, ensuite laundry and smart layout maximize comfort, while the versatile den easily functions as a home office or guest space.This exceptionally well-managed boutique building is known for its personable 24-hour concierge and dedicated on-site superintendent. Enjoy a rooftop terrace with BBQs, gym, sauna, party room, guest suite and visitor parking. Steps to waterfront trails, Toronto Music Garden, Harbourfront Centre, cafés, Loblaws and downtown attractions.Waterfront lifestyle. Downtown convenience. Exceptional value.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 550 Queens Quay W 512, 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 $629,000 in Toronto, the legal minimum down payment is $37,900 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 $9,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,055 also applies, bringing the total estimated land transfer taxes to $18,110.
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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.
