$1,429,000 - 29 Queens Quay Unit 401, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13214514
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
The Lakeside Luxury Lifestyle is waiting for you! Welcome home to unit 401 at 29 Queens Quay E - one of Toronto's most sought-after waterfront buildings. This bright and beautifully finished corner unit offers lake views from both balconies, soaring 10-foot ceilings, and floor-to-ceiling windows that flood the space with ample natural light. The layout is thoughtfully designed, featuring two large bedrooms, and a spacious living area that is open to a fully upgraded kitchen with Miele appliances (gas cooktop, oven, microwave, dishwasher), a Subzero fridge and wine fridge, pendant lighting, and a waterfall-edge breakfast bar. The unit comes with rarely seen two parking spots (side by side), and two lockers (side by side) - both parking spots and lockers are conveniently located close to each other on P3. Additional features include Acacia hardwood floors, upgraded light fixtures, heated floors in the primary ensuite, mirrored storage in the second bathroom, a full-size Samsung washer & dryer, and composite flooring on both balconies. The unit has just been freshly painted making it a turn-key, move-in ready opportunity. Pier 27 is known for its resort-style amenities including: an indoor pool, outdoor pool (perfect for hot summer days!), steam room, party room, media/theatre room, guest suites, dog wash station, and car wash. Visitor parking is also available. This one is truly special and is waiting for you!
Estimate your monthly payments for this property
Estimated Payment
$6,320.95/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.
29 Queens Quay Unit 401, 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 $1021/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.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $5,954 (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.