$699,000 - 1171 Queen Street Unit 802, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Little Portugal
- MLS Number
- C13670160
- Property Type
- Condo
- Status
- active
- Days on Site
- 11
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rarely available, this southwest corner two-bedroom suite at Bohemian Embassy Lofts offers an exceptional opportunity to own in the heart of vibrant Queen West. Perfectly positioned directly across from the iconic Drake and Gladstone Hotels, this beautifully updated 778 sq. ft. residence combines modern style with the energy of one of Toronto's most celebrated neighbourhoods. Bathed in natural light through expansive floor-to-ceiling windows, the suite features new white oak-inspired flooring throughout, generous closet space, and a spacious west-facing private balcony-the perfect setting to unwind while taking in spectacular sunset views. It has also been freshly painted a natural white. The offering also includes one owned parking space and one owned locker for added convenience. Residents enjoy an outstanding collection of amenities, including 24-hour concierge service, a fully equipped fitness centre, party room, rooftop terrace with BBQs, sauna, and visitor parking. The building has recently completed an extensive renovation of its common areas, creating a sophisticated, contemporary aesthetic while retaining the flow and functionality that make established condominiums so desirable. Surrounded by the best of Queen West, this sought-after address places boutique cafés, independent galleries, acclaimed restaurants, and vibrant nightlife just outside your door. With the 501 streetcar at your doorstep and Trinity Bellwoods Park, the Ossington Strip, and Liberty Village all within walking distance, this is an exceptional opportunity to experience one of Toronto's most dynamic and coveted communities. In a well-managed building where residents rarely choose to leave, this home offers an unparalleled blend of style, convenience, and urban sophistication.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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 Little Portugal
Little Portugal 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 Little Portugal
- •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
Little Portugal 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.
1171 Queen Street Unit 802, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $999/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.
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 700 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.
About Little Portugal
I know Little Portugal well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,913 (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.