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New2 hours ago

1616 - 215 Queen Street W

Waterfront Communities C1, Toronto

$329,000

Condo Apartment |
0 | 1 | 0 | 0
About this home

Turnkey opportunity in the heart of downtown Toronto! Welcome to 215 Queen St - a smartly designed studio suite in a high-demand location, ideal for both investors and first-time buyers looking to enter the market. This efficient open-concept layout maximizes every inch of space, featuring large windows, modern finishes, and a sleek kitchen with ample storage. Fantastic entry point for buyers seeking a low-maintenance urban lifestyle in a prime location. Unmatched Location & Future Growth Potential * Right Next to Major Subway Station for 2 Subway Lines (Line 1 Osgoode Station & New Ontario Line Station (Major Upside*) High Demand Area with Starbucks in the Building* Steps to Nathan Philip Square, Theatres, Shops, Schools & Top Restaurants, Walk to Union Station in 15 minutes, Up Express to Pearson, CN Tower & Major Sports Stadiums. 24 Hours Concierge, Fitness Centre, Party Room, Bookable Patio with BBQs. This is a location that continues to drive strong demand and long-term value. Whether you're building your portfolio or looking for your first home in the downtown core, this is an opportunity not to be missed.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size0-499 sq. ft.
Maintenance Fees$229
LockerNone
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesUnderground
Property Tax$1,825
mls© NumberC13836430
Listed ByPROPERTY.CA INC.
CAC Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,684
Property tax
$152
Heat allowance
$150
Condo fees, half counted
$115
Housing costs
$2,101 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $65,800
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,384 / mo
Cash down
$65,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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