$1,285,000 - 228 Queens Quay Unit 2801 (Ph 1), Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 7 days ago- MLS Number
- C13411010
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
Must See To Believe Rarely Offered Gem Penthouse Residence Right at Harbour Front Toronto, Unbeatable Location-Hard To Find, A Showcase OF Luxury, Prestige, And Sophisticated Waterfront Living. Featuring A Spectacular Wrap-Around Private Terrace With Amazing, Unobstructed Panoramic Views Of Lake Ontario, The Iconic CN Tower, And Toronto's Dazzling Skyline, This Extraordinary Home Offers An Elevated Lifestyle Reserved For The Most Discerning Buyers. Freshly Painted Throughout (May 2026), This Residence Exudes Elegance With 9-Ft Smooth Ceilings, Crown Mouldings, Marble Flooring, Real Maple Hardwood Floors, Pot Lights In The Foyer And Dining Area, And Exquisite Customized Closets Worth Thousands of Dollars Throughout. The Light-Filled Open-Concept Living And Dining Areas Seamlessly Extend To The Expansive Terrace, Creating The Ultimate Indoor-Outdoor Entertaining Experience For Summer Gatherings, Sunset Cocktails, And Unforgettable Evenings Under The City Lights. The Kitchen Has Beautiful Granite Countertops, Waterfall Island, Customized Backsplash, And High-End Stainless-Steel Appliances. The Luxurious Residence Features A Walk-In Closet. The Den Also Features In-Built Customized Cabinet with a Glass Window Offering Fabulous Skyline Views, Provides An Ideal Space For Today's Work-From-Home Professionals. Maintenance Fees Include All Utilities. Residents Enjoy A Full-Service Luxury Lifestyle With 24-Hour Concierge, Indoor Pool, State-Of-The-Art Fitness Centre, Guest Suites, Visitor Parking, And More. Ideally Nested In One Of Toronto's Most Coveted Waterfront Communities, Just Steps To The Lake, Transit, Fine Dining, Entertainment, And Major Commuter Routes. Includes One Exclusive Parking Space And One Exclusive Locker. A Rare Scenic Penthouse Residence Offering Right At HarbourFront Exuding Elegance, Thoughtful Layout, Great Craftsmanship, World-Class Amenities, And Breathtaking Views of Lake Ontario, CN Tower and City Skyline.
Estimate your monthly payments for this property
Estimated Payment
$5,683.99/mo
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 2801 (Ph 1), Downtown Toronto / Waterfront
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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 $1071/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $5,354 (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.