$998,000 - 500 Queens Quay Unit 802W, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: 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
- C13809400
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,619
- Maintenance Fees
- $1,250/mo
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Sophisticated Waterfront Living at 500 Queens Quay West! Rarely offered and beautifully renovated, this south-facing residence delivers unobstructed views over Toronto's Inner Harbour and the lush Toronto Music Garden. Set directly along the waterfront, this exceptional suite has been thoughtfully reimagined from top to bottom with a full custom renovation, featuring new flooring, upgraded lighting, a new dual HVAC system, and refined finishes throughout. The thoughtfully upgraded kitchen is equipped with a premium induction cooktop, split Profile double oven, and instant hot/cold filtered water at the faucet. Unique-to-unit enhancements include a hardwired Savant sound system, an upgraded 3/4-inch water supply providing enhanced water pressure throughout, a whole-home point-of-entry water filtration system servicing both hot and cold water, and a convenient in-suite water shutoff at the entry. Enjoy an incredible waterfront lifestyle just steps from the lake, Martin Goodman Trail, parks, marinas, restaurants, and everything Toronto's Harbourfront has to offer. A truly turnkey opportunity in one of the city's most desirable waterfront communities. One parking space equipped with an EV charging system and one locker included.
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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 802W, 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 $832/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.
Market Position
At 16 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 $1250/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 $4,158 (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.