$1,900,000 - 401 Queens Quay Unit 707, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days ago- MLS Number
- C13243800
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to this exceptional, one-of-a-kind two-storey penthouse lofts at Harbour Terrace, one of Toronto's truly rare waterfront residences. Spanning approximately 1,837 square feet, this coveted corner suite offers a large private balcony and spectacular, fully unobstructed views of the lake and the city skylineDesigned to maximize natural light and expansive views, this property features soaring ceilings, a large skylight, floor-to-ceiling windows, large principal rooms, and a real wood-burning fireplace. The thoughtfully designed layout offers remarkable scale, privacy, and flexibility, complete with two separate entrances, making it ideal for both everyday living and entertaining.A true opportunity for those seeking a distinctive residence, the suite also presents an incredible canvas for customization and renovation, allowing a buyer to create a truly personalized waterfront home.Amenities include 24-hour concierge service, an indoor pool, fitness centre, rooftop terrace, and visitor parking. Ideally situated along Toronto's vibrant waterfront, Harbour Terrace is just steps from Harbourfront Centre, waterfront trails, parks, restaurants, TTC, and the downtown core. A rare chance to own a truly unique waterfront residence in one of Toronto's most sought-after communities. Pet restrictions specifically for 4th floor and above: only service dogs are allowed.
Estimate your monthly payments for this property
Estimated Payment
$8,404.34/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.
401 Queens Quay Unit 707, 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 $1056/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.
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 $7,917 (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.