1842 Queen Street Unit 304, Toronto E02

Price: $1,599,000

2 bedrooms, 3 bathrooms

1,800 sqft

Property Type: Condo

MLS#: E13789554

Rare 2-storey (2 Bdrm + 3 Bath) penthouse at Beach House Lofts offering 1,862 sq. ft. of interior living space plus a spectacular 407 sq. ft. private two-tier rooftop terrace. This exceptional home combines the space and feel of a house with the convenience of condo living in the heart of The Beaches.The open-concept main level features soaring 10- and 12-ft ceilings, engineered hardwood floors and an upgraded kitchen with Silestone countertops and backsplash, stainless-steel appliances and excellent storage. The spacious primary suite includes a wall-to-wall custom closet, additional walk-in closet and 4-piece ensuite. Three bathrooms in total.The private rooftop terrace is ideal for entertaining, with gas BBQ and water lines, open green views to the north and unobstructed west-facing views toward the CN Tower and Toronto skyline.Includes one indoor parking space and one storage locker. Steps to Queen Street shops, restaurants, the beach and boardwalk. A unique house alternative offering exceptional space, privacy and outdoor living in one of Toronto's most desirable neighbourhoods. Pet friendly building. A Must See!

1842 Queen Street Unit 304 - Condo photo 1 of 28 in The Beaches / Upper Beaches, Ontario
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active

$1,599,000 - 1842 Queen Street Unit 304, The Beaches

Condo for Sale in The Beaches

Neighbourhood: The Beaches

2Beds
3Baths
1,800Sq Ft
Condo

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Property Details
MLS Number
E13789554
Property Type
Condo
Status
active
Days on Site
21
Bedrooms
2
Bathrooms
3
Square Feet
1,800 sqft
Neighbourhood
The Beaches / Upper Beaches
Taxes (2025)
$6,840
Maintenance Fees
$1,887/mo
Locker
Owned
Exposure
North
Balcony
Terrace
Listing Brokerage
ZOLO REALTY
Description

Rare 2-storey (2 Bdrm + 3 Bath) penthouse at Beach House Lofts offering 1,862 sq. ft. of interior living space plus a spectacular 407 sq. ft. private two-tier rooftop terrace. This exceptional home combines the space and feel of a house with the convenience of condo living in the heart of The Beaches.The open-concept main level features soaring 10- and 12-ft ceilings, engineered hardwood floors and an upgraded kitchen with Silestone countertops and backsplash, stainless-steel appliances and excellent storage. The spacious primary suite includes a wall-to-wall custom closet, additional walk-in closet and 4-piece ensuite. Three bathrooms in total.The private rooftop terrace is ideal for entertaining, with gas BBQ and water lines, open green views to the north and unobstructed west-facing views toward the CN Tower and Toronto skyline.Includes one indoor parking space and one storage locker. Steps to Queen Street shops, restaurants, the beach and boardwalk. A unique house alternative offering exceptional space, privacy and outdoor living in one of Toronto's most desirable neighbourhoods. Pet friendly building. A Must See!

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Estimated Payment

$7,072.92/mo

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5-yr fixed avg.

Principal: $1,279,200Interest: $842,675
Mortgage Amount$1,279,200
Total Interest$842,675
Est. Property Tax$1,133/mo
Total Cost$2,121,875

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.

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Neighbourhood Guide: The Beaches

Discover The Beaches

The Beaches 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 The Beaches

  • •Convenient location in The Beaches / Upper Beaches
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

The Beaches 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.

70
Walk Score
Varies
Price Range

1842 Queen Street Unit 304, The Beaches / Upper Beaches

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,000/mo
Range: $2,550 - $3,450
Cap Rate (ROI)
-0.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,000
Maintenance Fees-$1,887
Property Tax (est.)-$1,133
Insurance (est.)-$333
Net Cash Flow-$353

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $888/sqft, this property is priced in line with current The Beaches 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.

Market Position

At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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. The $1887/month fees should cover building insurance, common elements, and reserve contributions.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About The Beaches

I know The Beaches 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: The Beaches properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    1842 Queen Street Unit 304 | $1,599,000 | Battaglia Team