$786,000 - 228 Queens Quay Unit 2009, Downtown Toronto
Condo for Sale in Downtown Toronto
55 days on market- MLS Number
- C13035740
- Property Type
- Condo
- Status
- active
- Days on Site
- 55
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CORCORAN HORIZON REALTY
Experience elevated waterfront living at the renowned Riviera Condos, one of the best-managed buildings along Queens Quay West. Perfectly positioned directly across from Harbourfront, this prestigious address offers TTC access at your doorstep and seamless connectivity to the Gardiner Expressway and Billy Bishop Airport. Everyday convenience is unmatched with Farm Boy, Longo's, and other premium grocery stores just steps away.This suite comes with 1 owned parking spot and features a rarely available layout that has been thoughtfully updated throughout. Rich wood flooring, custom cabinetry, and extensive built-in closets and organizers enhance both storage and everyday functionality-an invaluable advantage in condo living. The modern kitchen is a standout, offering expansive counter space, granite countertops, a new Bosch dishwasher, and stainless steel appliances, combining style with practical performance for cooking, hosting, and daily use.Bathed in natural light, the suite showcases breathtaking, forever unobstructed panoramic views of Lake Ontario and the Toronto skyline, including the CN Tower, thanks to its prime, protected exposure. Expansive wall-to-wall, near floor-to-ceiling windows and 9-foot ceilings amplify the sense of space and brightness throughout the day.Residents enjoy exceptional amenities, including a well-equipped fitness centre, indoor swimming pool, hot tub, and a second-floor community BBQ area, elevating both comfort and lifestyle.With remarkably low maintenance fees that include all utilities, this is a rare opportunity to own a turnkey waterfront home offering outstanding value in one of Toronto's most desirable communities.Ideal for first-time buyers or downsizers seeking a vibrant, low-maintenance waterfront lifestyle-book your private showing today and experience everything this exceptional suite has to offer.
Estimate your monthly payments for this property
Estimated Payment
$4,032.59/mo
Includes CMHC insurance ($21,929)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
228 Queens Quay Unit 2009, Downtown Toronto / Waterfront
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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 $1123/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.
Negotiation Opportunity
At 55 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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 700 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,275 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.