321-689 The Queensway
Stonegate-Queensway, Toronto, Ontario M8Y 0C8
- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $770at the range’s middle
- Tax a year
- $2,3662026 tax year
- Built
- 0-5
- Parking
- 0underground
- Days on market
- Members
The brief
About 321-689 The Queensway
321-689 The Queensway is a 1+1-bedroom, 1-bathroom condo in Stonegate-Queensway, Toronto, listed for sale at an asking price of $499,900 (MLS® W13766374).
NEW AND IMPROVED PRICE ADJUSTMENT! Welcome home to this 675 sqft 1 bed + den residence in Etobicoke's newest boutique landmark, Reina Condos - recently featured in the Globe and Mail for its thoughtful, livability-focused design. As the largest one-bedroom floorplan in the building, this thoughtfully laid out unit boasts a bright, open living area with floor-to-ceiling windows, upgraded semi-sheer blinds for pivacy, and extensive space for entertaining and relaxing. The versatile den features a sliding door providing a private retreat for a home office or second bedroom. At the heart of the home is a chef-inspired cooktop. The custom-built island with solid wood counters and seating offers flexible counter space for cooking and entertaining while providng significant additional under-counter storage. The primary bedroom showcases tranqulity and elegance with blackout blinds and a custom walk-in closet with ample storage and in-closet lighting opening directly into a private en-suite washroom finished in floor-to-ceiling marble tile with a full-size stacked washer/dryer. An at-grade parking permit is available with the unit, along with below-grade visitor parking for guests. Reina is an ownership-driven building offering a true sense of comminuty anchored by a great fitness centre along with a kids' play area, yoga rooom, outdoor barbeque, pet wash, and a stylish party room. Located on the The Queensway you're steps from iconic spots like San Remo Bakery and Tom's Dairy Freeze, with Mimico Go, Royal York TTC Station, and the Gardiner nearby. Experience modern, community-happy, expansive living at Reina Condos.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even57/100−$97/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 condos with 2 bedrooms for lease in Stonegate-Queensway right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,366 / 2026
- MLS® number
- W13766374
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Stonegate-Queensway
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Approximately 5,100 square feet of interior amenities designed with all ages in mind. Includes: gym with free weights and machines, yoga studio, comminity room, kids playroom, sound(less) room, games room, library, snack shack, parcel room, sharing library, pet wash, stroller parking, and visitor parking spaces. Approximately 6,500 square feet of exterior courtyard with BBQs, seating areas, dining table, a kids play zone, and extensive planting. Security offerings: 1Valet security system including enterphone access at front entrance and parking areas for guests and secure access via 1Valet app or key fob for building tenants to all building entrances, gym, and parcel room for safe storage and packages. Upgrades: overhead microwave ($650), seamless matching countertops/backsplash ($2,500), kitchen upper cabinets ($250), kitchen island ($5,500), custom blinds ($1,400), walk-in closet organizers ($3,500).
- Condo maint.
- $419
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.84 × 3.05 m | Combined W/Dining, B/I Appliances, Centre Island | Main |
| Living | 3.05 × 3.38 m | Vinyl Floor, Window Flr to Ceil | Main |
| Primary | 2.74 × 3.08 m | W/I Closet, Balcony | Main |
| 2nd Br | 2.26 × 2.65 m | Sliding Doors | Main |
| Bathroom | 2.13 × 4.14 m | 4 Pc Ensuite, Combined W/Laundry | Main |
Listing history
Buy/sell history for 321-689 The Queensway, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,900 | N/A | For Sale | W13766374 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,980
- Total mortgage amount
- $399,920
- Total interest payment
- $284,380
- Total purchase cost
- $784,280
- Mortgage payment
- $2,281/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
23%Monthly carrying cost
$2,897- Rent $2,800
- Shortfall $97
Rental income opens at $2,800, the median asking rent of 7 comparable homes for lease in Stonegate-Queensway. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,473
- Toronto municipal land transfer tax
- $6,473
- Total land transfer tax
- $12,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $4,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,900
- $1,998
- Ontario total
- $6,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m12 test or monitoring holes also recorded.250 m
- Bedrock about 4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 24 building permits issued within 250 m in the last 2 years250 m
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 7.7 km7.7 km
- Mapped parcel: about 1,270 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 970 m970 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Reynolds Consumer Products Canada Inc. — Mississauga Plant, 1.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
28 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Revision Issued
HVAC Revision 01 - Relocation of the universal washroom door;Addition of a raised platform within the salon and associated accessibility provisions;Revisions to architectural and structural drawings associated with the above changes; andMinor revisions to plumbing, HVAC and electrical drawings associated with the above changes.-------------------------------------------------------------------HVAC - Proposal for interior alterations for a tenant fit-up for a hair salon
Issued June 29, 2026
Building Permit Related(PS)Inspection
Plumbing - Interior alterations for a proposed juice center (seating area less than 30 seats)-UNIT A2
Issued June 18, 2026
Building Permit Related(MS)Inspection
HVAC - Interior alterations for a proposed juice center (seating area less than 30 seats)-UNIT A2
Issued June 18, 2026
Interior AlterationsInspection
Proposed Change of Use and Interior Alterations of existing Unit A2 (Group A Division Assembly Occupancy) into a juice centre, a Restaurant is designed to accommodate not more than 30 persons (a Group E major occupancy within the application of Part 3).
Issued June 18, 2026
Interior AlterationsInspection
Proposal for interior alterations for a tenant fit-up for a hair salon
Issued March 18, 2026
Building Permit Related(PS)Inspection
Plumbing - Proposal for interior alterations for a tenant fit-up for a hair salon
Issued March 18, 2026
Building Permit Related(MS)Inspection
HVAC - Proposal for interior alterations.
Issued January 8, 2026
Building Permit Related(PS)Inspection
Plumbing - Proposal for interior alterations.
Issued January 7, 2026
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
722 THE QUEENSWAYSite planUnder Review
The application seeks to redevelop the property by demolishing the existing one-storey commercial building and constructing a new eight-storey mixed-use condomimum with 26 residential units, 118 m2 of ground floor commercial space, 5 surface car parking spaces in the rear yard, and 26 bike parking spaces. The proposed building will be constructed from pre-fabricated mass timber with no underground construction.
120 m away522 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
340 m away520 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
350 m away516 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
350 m away514 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
360 m away3 SINCLAIR STOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
370 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Stonegate-Queensway right now
- For sale now
- 27
- Median asking price
- $600K
- New in 7 days
- 5
- Price cuts
- 19%
Middle half: $509K to $816K
13 in 28 days
5 listings
This home is asking 17% below the median, lower than three quarters of them.
See all homes in Stonegate-QueenswayAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1.2 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 2.8 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Louis Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 100 m | 75%Grade 6 average |
| George R Gauld Junior SchoolToronto DSB | Public · grades JK–5 | 700 m | 73%Grade 3 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.1 km | 87%Grade 6 average |
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.2 km | 61%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 550 m | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 900 m | 81%Grade 9 math |
| Etobicoke Collegiate InstituteToronto DSB | Public · grades 9–12 | 3.2 km | 73%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 5.6 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Stonegate-Queensway are shown to signed-in members.