$1,099,900 - 460 Queens Quay Unit 605E, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13162718
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Waterfront living at its finest, this fully renovated, genuine 3-bedroom, 2 bathroom suite in the iconic, boutique Kings Landing Condominium is ready for its next chapter. Featuring CN Tower & City views from your sunny, extra large terrace, this completely redesigned suite has been carefully crafted to offer the very best with thoughtful consideration given to an exceptionally functional floor plan with over 1,300 sq ft that offers a true 3-bedroom condo by the lake. The foyer welcomes you in with 3 custom built-in closets leading you into the open concept chef's kitchen with quartz countertops, full-sized stainless steel appliances and mirrored backsplash with undermount lighting that adds wonderful depth to the space. The spacious and open living and dining rooms offer a great Feng Shui feeling and include a walk-out to an extra-large, 186 square foot terrace that offers the very best of outdoor living. The king-sized primary bedroom is a true oasis with a large walk-in closet and 3-piece ensuite bath with the two secondary bedrooms also offering nice proportions and their own walk-in closets with full windows once again featuring CN Tower views. Custom made, high-end closets, cabinets and pantry are a true storage galore and the rare separate laundry room with quality Whirlpool washer and dryer plus a laundry sink and 3-door storage closet are a rare find for condominium living. Enjoy a wide array of exceptional common elements including a saltwater swimming pool, hot tub, tennis and badminton courts, a well-equipped and renovated gym with a terrace overlooking the harbour and Yo Yo Ma Music Garden plus a grill, party room with ping pong table, movie theatre and a library. Walk out your front door to every convenience imaginable including shopping, restaurants and entertainment. 10 minute walk to 2 new schools, daycare and recreation centre, big playgrounds & parks plus the Nature Emporium. Experience the turn-key living in this luxurious "bungalow in the sky."
Estimate your monthly payments for this property
Estimated Payment
$4,865.23/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.
460 Queens Quay Unit 605E, 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 $917/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 22 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.
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 $4,583 (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.