$2,088,000 - 460 Queens Quay Way Unit 803E, Downtown Toronto
Condo for Sale in Downtown Toronto
65 days on market- MLS Number
- C12998144
- Property Type
- Condo
- Status
- active
- Days on Site
- 65
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CENTRAL
Beautifully renovated South-facing 2-bedroom, 2-bath unit offering 1,790 sq. ft. of elegant living space with sweeping, unobstructed views of Lake Ontario and Toronto's waterfront. Every room captures breathtaking vistas of open water and sky. The spacious principal rooms flow seamlessly to a large walk-out terrace with multiple access points and uninterrupted lake and island views. The newly designed kitchen features premium Miele appliances, a waterfall centre island, and refined custom cabinetry. The primary suite includes a luxurious five-piece marble ensuite and a walk-in closet with solid walnut built-ins, while the second bedroom offers atrium-style windows, a built-in Murphy bed and office space, and terrace access. Solid oak floors, custom wood doors, pot lighting, a built-in entertainment unit with fireplace. A large locker and an underground parking lot complete this exceptional residence. This dog-friendly building amenities include a large indoor pool, saline hot-tub, a full gym, outdoor tennis court, driving range, and multiple common area barbecues. This is a premium location, situated across the street from the Yo-Yo Ma Musical Gardens and the Martin Goodman Trail for beautiful walks and outdoor activities along the waterfront. It is also steps away from lake front bars and restaurants and within walking distance to Rogers Centre, Scotiabank Arena, CNE grounds, The New Ontario Place & Tiki Taxis to Toronto Island. BMO down the street to enjoy the upcoming Soccer World Cup.
Estimate your monthly payments for this property
Estimated Payment
$9,235.93/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 Way Unit 803E, 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
Premium Pricing
At $1305/sqft, this property is priced above the Downtown Toronto 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.
Negotiation Opportunity
At 65 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $8,700 (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.