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    Toronto / Downtown / The Waterfront

    318 - 550 Queens Quay W

    For Sale550 Queens Quay
    $825,000
    Price Cut: $850,000
    1 Bed + 1
    1 Bath
    1 Parking
    800 SQFT
    140 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $644/mth
    Taxes:
    $2,225 (2024)
    Cost Per Sqft:
    $1,031/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    To Be Determined
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Bedroom
    10.5 x 11.88ft
    Den
    8.86 x 7.51ft
    Kitchen
    7.94 x 10.96ft

    About this Listing

    Exceptional Lakeside Living with Stunning South Views Discover the charm of lakeside living in this beautifully designed condo, offering picturesque views of Queens Quay and the lake. This open-concept residence features a spacious, functional layout ideal for modern living. Enjoy ample dining space and a full kitchen complete with a central island. The living room seamlessly flows from the kitchen, creating an inviting and cohesive space. A versatile den provides the perfect solution for a home office or additional sleeping area. The generous master bedroom comfortably accommodates a king-sized bed and includes two closets for added convenience. Floor-to-ceiling south-facing windows flood the unit with natural light, enhancing the bright and airy ambiance.

    ExtrasFridge, Stove, Washer, & Dryer

    bosley real estate ltd.MLS® #C9241431

    Amenities

    Bike Storage
    Rec Room
    Visitor Parking
    Indoor Parking
    Concierge
    Party Room

    Explore Neighbourhood

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    17,591
    Average Individual Income
    $62,082
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $105,756
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    22%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    25%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    39%
    High Rise Apartment
    23%
    Semi Detached
    21%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    70%
    Mandarin
    13%
    Cantonese
    10%
    Tagalog
    2%
    Tamil
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    36%
    High School
    24%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    550 Queens Quay vs The Waterfront Area

    Building Trends At 550 Queens Quay

    Days on Strata

    Units at 550 Queens Quay spend an average of
    32
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in The Waterfront

    Turnover of Units

    On average, each unit is owned for
    5.4
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    24th
    Highest price per SQFT out of 41 condos in The Waterfront area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    550 Queens Quay offers the
    ?
    best value out of 41 condos in neighbourhood

    Appreciation Rank

    550 Queens Quay has the
    ?
    highest ROI out of 41 condos in neighbourhood

    Rental Yield

    550 Queens Quay yields the
    ?
    highest rent prices out of 41 condos in neighbourhood

    High Demand

    550 Queens Quay is the
    ?
    most popular building out of 41 condos in neighbourhood

    Transaction Insights at 550 Queens Quay W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$636,000$810,000$865,000No Data
    Avg. Cost Per SqftNo Data$1,040$1,018$880No Data
    Avg. Wait for Unit AvailabilityNo Data89 Days97 Days112 DaysNo Data
    Ratio of Units in Building1%28%42%30%1%

    Transactions vs Inventory

    Total number of units listed and sold in Waterfront