$823,888 - 218 Queens Quay Unit 502, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Waterfront Communities C1
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13822924
- Property Type
- Condo
- Status
- active
- Days on Site
- 13
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $3,793
- Maintenance Fees
- $990/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Wake up to breathtaking lake and harbour front views from this beautifully renovated 2-bedroom plus den/solarium and 2-bathroom residence at Water Club Condos, ideally situated in the heart of Toronto's vibrant waterfront. Offering 834 sq. ft. of sophisticated living space with southeast exposure, this bright and stylish suite features floor-to-ceiling windows, hardwood flooring and an expansive balcony overlooking Lake Ontario and Toronto's Central Harbour front. The fully upgraded kitchen is designed for both everyday living and entertaining, featuring marble counters, subway tile back splash, pot lights, abundant cabinetry and storage, full-size stainless steel appliances and a generous centre breakfast island. The kitchen flows seamlessly into the sun-filled living area and a walkout to the balcony-an exceptional setting for morning coffee, evening entertaining or simply enjoying the waterfront views.The versatile den/solarium is surrounded by large windows and features a convenient pocket door for added privacy; functions beautifully as an office, dining area, breakfast nook or an optional 3rd bedroom. The primary offers sliding doors, closet, and a private 4-piece en suite, while the second bedroom features hardwood flooring and a custom Murphy bed/desk/closet unit. A second 3-piece bathroom and convenient in-suite laundry with a new washer and dryer complete the interior. The suite also features a new heat pump and includes one owned locker. Residents enjoy an impressive collection of amenities, including 24-hour concierge, indoor & outdoor swimming, fitness centre, rooftop deck and community BBQ's. The location delivers an exceptional downtown waterfront lifestyle, just steps from the boardwalk, waterfront attractions, water taxi access, Saturday farmers' markets, café's, restaurants and grocery, with convenient access to Union Station and Rogers Centre. A rare opportunity to enjoy the perfect combination of waterfront views & thoughtful upgrades.
Estimate your monthly payments for this property
Estimated Payment
$4,226.97/mo
Includes CMHC insurance ($22,986)
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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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.
218 Queens Quay Unit 502, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $1030/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. The $990/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Waterfront Communities C1
I know Waterfront Communities C1 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 $3,433 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.