39 Queens Quay Unit 815, Toronto C08

Price: $1,890,000

3 bedrooms, 3 bathrooms

1,400 sqft

Property Type: Condo

MLS#: C13447124

Spectacular 1448 sq ft 2 bedrooms + den (the size of a bedroom)overlooking the lake. 2 full bathrooms + 1 powder room. 10 ft ceilings, Floor to ceiling windows, 2 balconies to watch the lake from, south-east view. Miele built-in appliances, Sub Zero fridge, granite countertops, generous storage space. Heated floor in primary bathroom. Fantastic amenities, only for the residents of 39 QOE, include: indoor pool, outdoor pool, 24 hr concierge, state of the art gym, sauna, steam room, lounge, party room, guest suites. Steps to Union station with Go train and Subway, Ferry to the island, banks, St Lawrence market, Front street, Financial district, Sugar beach and marina. Loblaws, Farm Boy, and LCBO across the street. Walk score 97/100.

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New Listing
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$1,890,000 - 39 Queens Quay Unit 815, Cabbagetown

Condo for Sale in Cabbagetown

New — Listed 3 days ago
3Beds
3Baths
1,400Sq Ft
Condo
Property Details
MLS Number
C13447124
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
3
Bathrooms
3
Square Feet
1,400 sqft
Neighbourhood
Regent Park / Cabbagetown / St. James Town
Locker
Owned
Exposure
South East
Balcony
Open
Listing Brokerage
REMAX YOUR COMMUNITY REALTY
Description

Spectacular 1448 sq ft 2 bedrooms + den (the size of a bedroom)overlooking the lake. 2 full bathrooms + 1 powder room. 10 ft ceilings, Floor to ceiling windows, 2 balconies to watch the lake from, south-east view. Miele built-in appliances, Sub Zero fridge, granite countertops, generous storage space. Heated floor in primary bathroom. Fantastic amenities, only for the residents of 39 QOE, include: indoor pool, outdoor pool, 24 hr concierge, state of the art gym, sauna, steam room, lounge, party room, guest suites. Steps to Union station with Go train and Subway, Ferry to the island, banks, St Lawrence market, Front street, Financial district, Sugar beach and marina. Loblaws, Farm Boy, and LCBO across the street. Walk score 97/100.

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Estimated Payment

$8,360.11/mo

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5-yr fixed avg.

Principal: $1,512,000Interest: $996,032
Mortgage Amount$1,512,000
Total Interest$996,032
Est. Property Tax$1,339/mo
Total Cost$2,508,032

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.

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Neighbourhood Guide: Regent Park / Cabbagetown / St. James Town

Discover Regent Park / Cabbagetown / St. James Town

Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town

  • Convenient location in Regent Park / Cabbagetown / St. James Town
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Regent Park / Cabbagetown / St. James Town 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.

70
Walk Score
Varies
Price Range

39 Queens Quay Unit 815, Regent Park / Cabbagetown / St. James Town

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
0.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$1,339
Insurance (est.)-$394
Net Cash Flow+$437

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1350/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Just Listed - Act Strategically

This property hit the market within the last week. In Cabbagetown'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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Investment Perspective

Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    39 Queens Quay Unit 815 | $1,890,000 | Battaglia Team