601-480 Queens Quay
Waterfront Communities C1, Toronto, Ontario M5V 2Y5
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,600–1,799sq ft
- Per sq ft
- $824at the range’s middle
- Tax a year
- $5,2642025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 601-480 Queens Quay
601-480 Queens Quay is a 2-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $1,399,999 (MLS® C13837516).
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 saltwater 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, Suite 601W is a rare opportunity to live in one of Toronto's most architecturally significant residences.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$5,295/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 287 condos with 2 bedrooms for lease in Waterfront Communities C1 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
- $5,264 / 2025
- MLS® number
- C13837516
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1600-1799 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 5pc Main, 1 × 2pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Baseboard
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Miele Appliance Package, All ELFs where attached, All Window Coverings, LG Washer & Dryer
- Condo maint.
- $1,468
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.81 × 8.56 m | Open Concept, B/I Shelves, Combined W/Solarium | Main |
| Primary | 3.99 × 4.27 m | — | Main |
| Other | 1.92 × 3.44 m | W/I Closet | Main |
| Bathroom | 2.47 × 3.69 m | Soaker | Main |
| 2nd Br | 3.14 × 3.41 m | California Shutters, B/I Bookcase | Main |
| Powder Rm | 1.25 × 1.25 m | — | Main |
| Laundry | 1.86 × 3.29 m | — | Main |
Listing history
Buy/sell history for 601-480 Queens Quay, 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 | $1,399,999 | N/A | For Sale | C13837516 |
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
- $280,000
- Total mortgage amount
- $1,119,999
- Total interest payment
- $796,401
- Total purchase cost
- $2,196,400
- Mortgage payment
- $6,388/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
86%Monthly carrying cost
$8,295- Rent $3,000
- Shortfall $5,295
Rental income opens at $3,000, the median asking rent of 287 comparable homes for lease in Waterfront Communities C1. 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
- $24,475
- Toronto municipal land transfer tax
- $24,475
- Total land transfer tax
- $48,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $40,475
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 $1,399,999
- $20,000
- Ontario total
- $24,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $24,475.
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 m18 test or monitoring holes also recorded.250 m
- Bedrock about 7.3 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 activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 9 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 330 m330 m
- Mapped parcel: about 65,720 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 · toronto.parcels
Around the home2
- Nearest rail line: 430 m430 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 AeroMag 2000- YTZ.inc, 1.0 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 6 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not 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 a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- 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 Toronto By-Law No. 438-86What 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
1 building permit cleared at this address in the City’s file.
Other(PS)Closed - Dormant
Plumbing retrofit and double drain installation, existing copper to be changed to PVC to existing indoor pool and whirlpool area.Existing & Proposed: Apartment Building & Retail
Issued November 4, 2003
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.
10 LOWER SPADINA AVEOfficial plan or zoning amendmentUnder Review
Zoning By-law Amendment application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of non-residential floor area at grade, and 511 apartment dwelling units.The proposed development has a gross floor area of approximately 32,363.6 square metres and a floor space index of approximately 20.46 times the lot area.
290 m away10 LOWER SPADINA AVESite planUnder Review
Site Plan Application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of non-residential floor area at grade, and 511 apartment dwelling units.The proposed development has a gross floor area of approximately 32,363.6 square metres and a floor space index of approximately 20.46 times the lot area.
290 m away470 R LAKE SHORE BLVD WOfficial plan or zoning amendmentUnder Review
Zoning by-law amendment application to facilitate the development of 5,509 square metres of non-residential retail space located below the Gardiner Expressway.
360 m away545 LAKE SHORE BLVD WCondominiumUnder Review
*** Draft Plan of Condominium for 419 units.
400 m away595 FRONT ST WOfficial plan or zoning amendmentUnder Review
Official Plan and Zoning By-law Amendment application to permit development above the Union Station rail corridor between Blue Jays Way and Bathurst Street. The revised proposal includes 9 mixed-use towers ranging in height from 36 to 72-storeys, a new City park and publicly accessible open spaces. The proposed gross floor area (GFA) equals approximately 531,130 m2 of which 494,133 m2 would be residential GFA, comprised of 7,986 residential units and 37,000 m2 would be non-residential GFA, including retail, office, hotel and childcare uses.
530 m away400 FRONT ST WPlan of subdivisionUnder Review
Draft Plan of Subdivision for 4 blocks.
630 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 Waterfront Communities C1 right now
- For sale now
- 631
- Median asking price
- $630K
- New in 7 days
- 72
- Price cuts
- 21%
Middle half: $539K to $837K
253 in 28 days
132 listings
This home is asking 122% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking 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 |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.4 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.6 km |
| King Station | TTC subway: Line 1 Yonge-University | 1.8 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 2 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 and UP Express 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 |
|---|---|---|---|
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 150 m | 83%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 200 m | 84%Grade 6 average |
| The Waterfront SchoolToronto DSB | Public · grades JK–8 | 300 m | 83%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 2.3 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| City SchoolToronto DSB | Public · grades 9–12 | 300 m | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.9 km | 8%Grade 9 math |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 2.3 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 3.1 km | 86%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 Waterfront Communities C1 are shown to signed-in members.