$559,000 - 1050 Eastern Avenue Unit 1012, The Beaches
Condo for Sale in The Beaches
137 days on market- MLS Number
- E12664148
- Property Type
- Condo
- Status
- active
- Days on Site
- 137
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- The Beaches / Upper Beaches
- Locker
- Ensuite+Common
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
***Approx $100K less than Builder Price*** Luxury 1-Bedroom Corner Condo with Lake & City Views 1050 Eastern Ave, Suite 1012Welcome to this brand new, never-lived-in southwest corner suite at the iconic Queen & Ashbridge Condos. This is the largest one-bedroom layout in the building, offering 503 square feet of stylish interior space and a walkout balcony with breathtaking, unobstructed views of the CN Tower, lake and Toronto skyline. Designed for modern urban living, the open-concept floor plan features a sleek kitchen with full-size stainless steel appliances, elegant wide-plank vinyl flooring throughout, ensuite laundry, and floor-to-ceiling windows that flood the unit with natural light. The spacious private balcony provides a seamless indoor-outdoor lifestyle and a stunning backdrop for everyday living. Residents enjoy access to an unmatched selection of luxury amenities. These include a 24-hour concierge, a state-of-the-art 5,000 square foot fitness centre complete with yoga and spin studios, steam room, sauna, and spa-inspired change rooms. The rooftop terrace offers BBQ areas and sweeping views of the city and lake, while the upper lounge overlooks the park, creating a peaceful space to relax or work. The Sky Club on the 9th floor features a resident-run bar and lounge, ideal for entertaining. Additional amenities include private study and meeting rooms, secure bike storage, a tri-sort waste disposal system, and parcel lockers for convenient package deliveries. Perfectly located just steps to Queen Street East, the TTC streetcar, local parks, cafes, boutique shops, the lake, and the Beach, this condo offers the very best of Toronto's east end lifestyle. Don't miss this rare opportunity to own the largest and most desirable one-bedroom suite in one of the city's fastest-growing and most sought-after waterfront communities. Book your private showing today.***Seller willing to pay FULL YEAR maintenance for the condo upon successful closing***
Estimate your monthly payments for this property
Estimated Payment
$2,867.96/mo
Includes CMHC insurance ($15,596)
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 The Beaches / Upper Beaches
The Beaches / Upper Beaches 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 The Beaches / Upper Beaches
- •Convenient location in The Beaches / Upper Beaches
- •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
The Beaches / Upper Beaches 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.
1050 Eastern Avenue Unit 1012, The Beaches / Upper Beaches
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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
Fair Market Value
At $1118/sqft, this property is priced in line with current The Beaches 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.
Negotiation Opportunity
At 137 days on site, this property has exceeded the typical selling timeline for The Beaches. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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. We'll want to verify the monthly fees and what they include.
Efficient Living
At 500 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.
Investment Perspective
Looking at this as an investment: The Beaches properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,329 (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.