$1,399,999 - 480 Queens Quay Unit 601, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13205878
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite+Exclusive
- Exposure
- North West
- Balcony
- Enclosed
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to Suite 601W at the iconic King's Landing a masterpiece by celebrated Canadian architect Arthur Erickson, best known for Roy Thomson Hall. Nestled along Toronto's vibrant waterfront, this rare, quiet corner unit has been meticulously renovated, offering a unique blend of architectural prestige and modern luxury. Step through a spacious, elegant foyer into a thoughtfully redesigned home perfect for elevated everyday living and entertaining. The heart of the suite features a gourmet chef's kitchen with a striking 10-ft waterfall island, premium Miele appliances, and custom wine storage-flowing seamlessly into a large open-concept living and dining area. An expansive living room offers the perfect setting to host guests, while the bright solarium provides a private retreat to read, relax, or enjoy a glass of wine. The luxurious primary suite boasts a vast walk-in closet and spa-like ensuite with jetted soaker tub, dual vanities, and private water closet. A full-sized laundry room with built-in storage adds comfort and convenience. Ideally located on the same level as the building's exceptional amenities: indoor salt-water pool & whirlpool, sauna, rooftop terrace with BBQs, outdoor pickleball court, state-of-the-art gym, party room, and golf swing practice range. Includes 1 parking space and 1 locker. With 24-hour white-glove concierge service, premier finishes, and a landmark location, Suite601W is a rare opportunity to live in one of Toronto's most architecturally significant residences.
Estimate your monthly payments for this property
Estimated Payment
$6,192.67/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.
480 Queens Quay Unit 601, 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 $875/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 19 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 $5,833 (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.