500 Queens Quay W 405W
Waterfront Communities C1, Downtown Toronto, M5V 3K8
FOR SALE
$999,997
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BEDROOMS2
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Property Description
Step into this spacious and well-lit 2-bedroom, 2-bathroom unit, ideally located in one of the most sought-after buildings along Toronto's Harbourfront. Boasting approximately 1,064 square feet of modern living space, this unit offers an incredible combination of luxury and convenience. You'll be right within walking distance of shopping, parks, the lake, dining options, the Scotiabank Arena, Rogers Centre, and much more, placing you right in the heart of all the action. The buildings premium amenities include a state-of-the-art fitness center, peaceful library, fully-equipped conference room, vibrant party room, and an outdoor BBQ area. Residents can also enjoy the benefits of 24-hour concierge service and visitor parking. One parking and a locker are included, making this unit a perfect blend of comfort, style, and convenience in one of Toronto's most desirable neighborhoods.
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Nearby Intersections
Property Features
Clear View, Lake Access, Park, Public Transit, School, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$3,798 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.96' x 21.95' | Combined W/Dining, Hardwood Floor, Overlook Water |
| Dining | Main | 10.96' x 21.95' | Combined W/Living, Hardwood Floor, Overlook Water |
| Prim Bdrm | Main | 10.56' x 14.96' | W/I Closet, Hardwood Floor, Se View |
| 2nd Br | Main | 9.97' x 8.99' | Sliding Doors, Hardwood Floor, Se View |
| Kitchen | Main | 9.84' x 9.84' | Open Concept, Tile Floor, Granite Counter |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Queens Quay W 405W is a 2-bedroom 2-bathroom condo listed for sale at $999,997, which is $268,312 (36.7%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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