$998,000 - 85 Queens Wharf Road Unit 2606, Downtown Toronto
New Construction for Sale in Downtown Toronto
49 days on market- MLS Number
- C12528630
- Property Type
- New Construction
- Status
- active
- Days on Site
- 49
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Enjoy Spectacular Lake, Park, And Skyline Views From This Bright And Spacious 3-Bedroom Corner Suite Situated On A High Floor With Southwest Exposure. Designed For Modern Living, This Home Offers A Functional Split-Bedroom Layout That Maximizes Privacy And Natural Light Throughout. The Contemporary Kitchen Features Quartz Counters, A Custom-Built Island With Seating, And Premium Stainless Steel Appliances-Perfect For Everyday Living And Entertaining. The Primary Bedroom Retreat Includes A 4-Piece Ensuite Bathroom And A Large Walk-In Closet. Each Bedroom Is Generously Sized, With Expansive Windows And Full Doors Providing Comfort And Flexibility. Residents Enjoy Access To Exceptional Amenities Including An Indoor Pool, Hot Tub, Fitness Centre, Basketball And Badminton Court, Rooftop BBQ Terrace With CN Tower Views, Party Lounge, Guest Suites, And 24-Hour Concierge Service. Unbeatable Location Across From Two Elementary Schools, Library, Loblaws, LCBO, Banks, And Local Dining Options. Steps To Canoe Landing Park, Offering Over 8 Acres Of Green Space, Trails, And A Family-Friendly Splash Pad. Minutes To The Waterfront Promenade, Transit, Gardiner Expressway, And DVP. Experience The Perfect Blend Of Comfort, Convenience, And Downtown Luxury Living By The Lake
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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.
85 Queens Wharf Road Unit 2606, 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 25+ years of GTA real estate experience
Fair Market Value
At $998/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.
Negotiation Opportunity
At 49 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.
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 $4,158 (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.