602E-500 Queens Quay
Waterfront Communities C1, Toronto, Ontario M5V 3K8
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $1,681at the range’s middle
- Tax a year
- $6,1332026 tax year
- Parking
- 22 underground
- Days on market
- Members
The brief
About 602E-500 Queens Quay
602E-500 Queens Quay is a 2-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $2,185,000 (MLS® C13732722).
Welcome to extraordinary waterfront living in this breathtaking two-bedroom, two-bathroom residence, where the living spaces and private terrace are framed by sweeping south-facing lake views. Offering approximately 1,254 sq. ft. of impeccably finished interior space, this exceptional home was reimagined down to the studs in 2018 by acclaimed designer Natasha Stark, featuring porcelain flooring, in-ceiling speakers and custom cabinetry with clever pull-out storage throughout. At its heart, the sophisticated kitchen showcases a complete suite of Gaggenau appliances, including a combi-steam oven, conventional oven, built-in coffee machine and wine fridge, while a custom built-in dining table for eight connects the kitchen and living area for effortless entertaining. The living room opens seamlessly onto an approximately 1,064 sq. ft. professionally designed private terrace featuring custom flooring, a covered pergola, DCS barbecue and burner, Marvel outdoor refrigerator and custom storage bench-perfect for unforgettable summer evenings overlooking the lake. Together, the interior and exterior provide approximately 2,318 sq. ft. of exceptional living space. The primary suite offers a thoughtfully designed custom closet and stunning ensuite bathroom, while both bedrooms are privately positioned and appointed with custom blackout and sheer window coverings. Additional highlights include electric blackout and sheer blinds in the main living area, two parking spaces, a private EV charger, two bicycle racks and one storage locker. Set within one of Queen's Quay's most coveted waterfront residences, this remarkable home is moments from the lake, Harbourfront trails, Scotiabank Arena, Rogers Centre, transit, dining and shopping. More than a condo, this is a private waterfront sanctuary and a rare opportunity to experience Toronto from one of its most spectacular vantage points.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$8,856/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 280 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
- $6,133 / 2026
- MLS® number
- C13732722
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1200-1399 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Flat, 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- All Gaggenau appliances (induction cooktop, dishwasher, microwave, combination-steam oven, conventional oven, vacuum drawer and refrigerator, and wine fridge) All Window Coverings, All Elf's, Built-in Ceiling Speakers, 2 Parking Spaces & One Locker Included.
- Condo maint.
- $1,376
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.62 × 4.51 m | Open Concept, Built-In Speakers, Window Flr to Ceil | Flat |
| Kitchen | 3.14 × 4.03 m | Modern Kitchen, B/I Fridge, W/O To Terrace | Flat |
| Dining | 3.57 × 4.03 m | Open Concept, Combined W/Kitchen, W/O To Terrace | Flat |
| Primary | 3.63 × 7.64 m | Window Flr to Ceil, W/O To Terrace, Large Closet | Flat |
| 2nd Br | 3.11 × 4.39 m | Window Flr to Ceil, Closet, Pot Lights | Flat |
| Foyer | 2.58 × 2.2 m | — | Flat |
Listing history
Buy/sell history for 602E-500 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 | $2,185,000 | N/A | For Sale | C13732722 |
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
- $437,000
- Total mortgage amount
- $1,748,000
- Total interest payment
- $1,242,700
- Total purchase cost
- $3,427,700
- Mortgage payment
- $9,969/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
91%Monthly carrying cost
$11,856- Rent $3,000
- Shortfall $8,856
Rental income opens at $3,000, the median asking rent of 280 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
- $41,100
- Toronto municipal land transfer tax
- $41,100
- Total land transfer tax
- $82,200
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $73,725
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 $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,185,000
- $4,625
- Ontario total
- $41,100
Toronto’s municipal tax uses the same brackets at this price, so it adds another $41,100.
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 conservation5
- 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 m19 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (168 records). It changes with the season and from spot to spot.500 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: 350 m350 m
- Mapped parcel: about 66,190 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: 420 m420 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
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is AeroMag 2000- YTZ.inc, 990 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.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 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 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
14 building permits cleared at this address in the City’s file.
Fire AlarmPermit Issued
Proposal to install new fire alarm field devices and control relays for CSA B44 elevator modernization
Issued January 28, 2026
Interior AlterationsInspection
Proposal to increase occupancy load from 17 to 25.
Issued December 4, 2025
Balcony/Guard RepairsPermit Issued
Repairs to balcony slabs
Issued June 14, 2022
Garage Repair/ReconstructionClosed
Localized parking garage repairs
Issued May 12, 2022
Interior AlterationsClosed
Proposal for interior alterations to Suite 601E (a 3-bdrm 2-level unit) in an existing condominium building. Scope includes in-suite stairs replaced, floor infill to create lounge space on the upper level & addition of a den.
Issued March 31, 2021
Building Permit Related(PS)Closed
Plumbing - Convert an existing 2 storey residential/commercial unit to use as a Montessori school for max 15 children ages between 2.5 and 12 years old on the ground floor and keep use as residential on the second floor.
Issued September 9, 2020
Change of UseClosed
Convert an existing 2 storey residential/commercial unit to use as a Day Nursery for max 15 children ages between 2 and 5 years old (daytime) on the ground floor and keep use as residential on the second floor.
Issued August 11, 2020
Other(BA)Closed
Proposal for structural repair by carbon fiber reinforcment to 4 roof top concrete colums on the east pavilion area of the existing apartment building.
Issued September 22, 2015
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.
470 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.
280 m away545 LAKE SHORE BLVD WCondominiumUnder Review
*** Draft Plan of Condominium for 419 units.
310 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.
360 m away10 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.
360 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.
560 m away150 QUEENS WHARF RDSite planApplication Received
The 2025 Proposal is a 37-storey tower with a total of 268 units and ~350m2 of ground floor non-residential GFA. Of the 268 units, over 50% of the units are larger two- and three-bedroom units and 30% of the total units are planned to be affordable.
620 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
- 632
- Median asking price
- $629K
- New in 7 days
- 66
- Price cuts
- 21%
Middle half: $539K to $838K
249 in 28 days
133 listings
This home is asking 247% 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 | 1.4 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.5 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| King Station | TTC subway: Line 1 Yonge-University | 1.9 km |
| Exhibition GO | GO Transit train: Lakeshore West | 1.9 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 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 | 200 m | 83%Grade 6 average |
| The Waterfront SchoolToronto DSB | Public · grades JK–8 | 250 m | 83%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 250 m | 84%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 | 250 m | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 2 km | 8%Grade 9 math |
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 2.3 km | — |
| 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.