550 Queens Quay, Toronto, ON
Property Highlights
Welcome to this remarkable 1 Storey/Apt common element condo located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,000 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 2 Bathrooms
- Generous living space spanning 900-999 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
Rarely available oversized one-bedroom plus den with two baths, nearly 1,000 sq. ft. of interior living space and unobstructed south-facing lake views. Perfectly positioned across from Toronto Music Garden, this spacious waterfront residence offers a highly sought-after combination of size, functionality, and breathtaking views. The sun-filled open-concept layout features generous living and dining areas, a versatile den ideal for a home office or guest space, and a private 100+ sq. ft. balcony overlooking the lake and parkland. Enjoy the flexibility to move in and personalize over time while benefiting from an exceptional floor plan rarely found in today's condo market. Located in an intimate, well-managed boutique building with a fitness centre, rooftop terrace with BBQs, party room, guest suite, visitor parking, and 24-hour concierge. Includes a privately owned EV Tesla (NACS) charger. Steps to Harbourfront, the Financial District, waterfront trails, parks, dining, and entertainment.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Electric Car Charger, Marina, Library, Park, Public Transit
Interior Features
Primary Bedroom - Main Floor
Security Features
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 608, 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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.
