$2,185,000 - 500 Queens Quay Unit 602E, Downtown Toronto
Condo for Sale in Downtown Toronto
36 days on marketNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13732722
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $6,133
- Maintenance Fees
- $1,376/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to extraordinary waterfront living in this breathtaking two-bedroom, two-bathroom residence, where the living spaces and private terrace are framed by sweeping south-facing lake views. Offering approximately 1,254 sq. ft. of impeccably finished interior space, this exceptional home was reimagined down to the studs in 2018 by acclaimed designer Natasha Stark, featuring porcelain flooring, in-ceiling speakers and custom cabinetry with clever pull-out storage throughout. At its heart, the sophisticated kitchen showcases a complete suite of Gaggenau appliances, including a combi-steam oven, conventional oven, built-in coffee machine and wine fridge, while a custom built-in dining table for eight connects the kitchen and living area for effortless entertaining. The living room opens seamlessly onto an approximately 1,064 sq. ft. professionally designed private terrace featuring custom flooring, a covered pergola, DCS barbecue and burner, Marvel outdoor refrigerator and custom storage bench-perfect for unforgettable summer evenings overlooking the lake. Together, the interior and exterior provide approximately 2,318 sq. ft. of exceptional living space. The primary suite offers a thoughtfully designed custom closet and stunning ensuite bathroom, while both bedrooms are privately positioned and appointed with custom blackout and sheer window coverings. Additional highlights include electric blackout and sheer blinds in the main living area, two parking spaces, a private EV charger, two bicycle racks and one storage locker. Set within one of Queen's Quay's most coveted waterfront residences, this remarkable home is moments from the lake, Harbourfront trails, Scotiabank Arena, Rogers Centre, transit, dining and shopping. More than a condo, this is a private waterfront sanctuary and a rare opportunity to experience Toronto from one of its most spectacular vantage points.
Estimate your monthly payments for this property
Estimated Payment
$9,664.99/mo
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.
500 Queens Quay Unit 602E, 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
Premium Pricing
At $1821/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 36 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 $1376/month fees should cover building insurance, common elements, and reserve contributions.
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 $9,104 (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.