$578,000 - 1169 Queen Street Unit 302N, Downtown Toronto
Condo for Sale in Downtown Toronto
47 days on market- MLS Number
- C13155242
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- PSR
Perfectly laid out 1 plus den, with NEW FLOORING and FRESH PAINT, at the very popular Bohemian Embassy in the heart of one of the coolest neighbourhoods in the city! Features a large modern kitchen with full-size stainless steel appliances, lots of storage, Caesarstone counters and a large island with built-in seating. The spacious living/dining area can accommodate a large sectional with space left over. If you work from home, you'll appreciate the spacious den that would make an ideal home office. The generous bedroom has a wall-to-wall closet, a large window and a walkout to a cozy balcony - ideal for those weekend morning coffees...The building has a perfect mix of amenities: 24-hour concierge, visitor parking, car wash, rooftop lounge with terrace and BBQ's and a guest suite. There's a new media lounge, arts & kids/crafts room and cardio room in the works. The hallways are currently being remodelled as well. Located in one of the most walkable areas of the city. Queen West features the city's best resto's, cafe and lounges, which are all a short stroll away. 2 grocery stores are across the street, as are the Drake and Gladstone Hotels. Enjoy the best the city has to offer on the Ossington Strip, Queen West, Dundas West and Parkdale, 15 min walk to Liberty Village, BMO Field & Trinity Bellwoods park. The TTC is at the front door with a future SMART TRACK station down the street. This is the perfect suite for 1st time buyers or investors. 1 parking spot included.
Estimate your monthly payments for this property
Estimated Payment
$2,965.44/mo
Includes CMHC insurance ($16,126)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1169 Queen Street Unit 302N, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $963/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,408 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.