$849,000 - 218 Queens Quay Unit 402, 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
- C13819912
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,898
- Maintenance Fees
- $956/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Own the terrace, not just the view. Suite 402 sits on the only floor at The Waterclub with private terraces; every other floor has a balcony. The south-east terrace takes in Lake Ontario views and comes with its own lighting and a hose bib, giving you a true outdoor room for morning coffee, a container garden and summer dinners. Inside, approx. 834 sq ft of hardwood-floored living: 2 bedrooms, a solarium ready to be your home office, and 2 full baths. The open living/dining room walks straight out to the terrace, and the modern kitchen brings granite counters, a mosaic tile backsplash, stainless steel appliances and an island with seating. Primary retreat with walk-in closet and 4-pc ensuite; second bedroom beside a 3-pc bath; ensuite laundry. One owned underground parking space and an owned locker. Maintenance covers heat, water and central A/C. Resort-style amenities include indoor and outdoor pools, a fully equipped gym, a rooftop deck/garden with BBQs, a recreation room and concierge. A proven rental, too: leased at $3,200/month in 2025, with the outgoing tenants calling it "one of the best places we've gotten to live." Out the door: the Harbourfront boardwalk, Harbourfront Centre, marinas, parks and waterfront trails, with the CN Tower, Rogers Centre, Scotiabank Arena, Union Station, the PATH and the Financial District a short walk away. 509/510 streetcars at your doorstep and quick access to the Gardiner. Pets permitted with building restrictions.
Estimate your monthly payments for this property
Estimated Payment
$4,355.81/mo
Includes CMHC insurance ($23,687)
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 402, 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 $1061/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 $956/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 $3,538 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.