605E-460 Queens Quay, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13162718
About this home
Waterfront living at its finest, this fully renovated, genuine 3-bedroom, 2 bathroom suite in the iconic, boutique Kings Landing Condominium is ready for its next chapter. Featuring CN Tower & City views from your sunny, extra large terrace, this completely redesigned suite has been carefully crafted to offer the very best with thoughtful consideration given to an exceptionally functional floor plan with over 1,300 sq ft that offers a true 3-bedroom condo by the lake. The foyer welcomes you in with 3 custom built-in closets leading you into the open concept chef's kitchen with quartz countertops, full-sized stainless steel appliances and mirrored backsplash with undermount lighting that adds wonderful depth to the space. The spacious and open living and dining rooms offer a great Feng Shui feeling and include a walk-out to an extra-large, 186 square foot terrace that offers the very best of outdoor living. The king-sized primary bedroom is a true oasis with a large walk-in closet and 3-piece ensuite bath with the two secondary bedrooms also offering nice proportions and their own walk-in closets with full windows once again featuring CN Tower views. Custom made, high-end closets, cabinets and pantry are a true storage galore and the rare separate laundry room with quality Whirlpool washer and dryer plus a laundry sink and 3-door storage closet are a rare find for condominium living. Enjoy a wide array of exceptional common elements including a saltwater swimming pool, hot tub, tennis and badminton courts, a well-equipped and renovated gym with a terrace overlooking the harbour and Yo Yo Ma Music Garden plus a grill, party room with ping pong table, movie theatre and a library. Walk out your front door to every convenience imaginable including shopping, restaurants and entertainment. 10 minute walk to 2 new schools, daycare and recreation centre, big playgrounds & parks plus the Nature Emporium. Experience the turn-key living in this luxurious "bungalow in the sky."
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13162718
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Queens Quay & Lower Spadina
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Other
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete
- Maintenance
- $1,223/mo
- Exposure
- North East
- Property tax
- $3,944 / 2025
- Days on market
- 59
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
large window · pot lights · walk-in closet(s)
ensuite bath · walk-in closet(s) · hardwood floor
hardwood floor · open concept · pot lights
stainless steel appl · large closet · pot lights
walk-in closet(s) · large window · pot lights
combined w/living · pot lights · w/o to terrace
stainless steel appl · mirrored walls · quartz counter
double doors · b/i closet · pot lights
Listed at $1,099,900, this home is about 13% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $789K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.25M
- Adjusts to $1.25M
That comparable adjusts to $1.25M; the $1.26M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is The Waterfront School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Spadina Avenue is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.26M, median of 8 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 15% below the area average of $995/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Walker's ParadiseA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Spadina Avenue, about 42 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 20, 2026); conventional rates run a little higher.
Mortgage amount $879,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,696
- Property tax
- $329
- Condo / maintenance fees
- $1,223
- Heating
- $0
- Estimated monthly cost
- $6,247
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,473
- Toronto municipal land transfer tax
- $18,473
- Estimated closing costs
- $36,946
Plus your down payment of $219,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $281,735
- Principal paid down
- $112,058
- Interest paid
- $169,677
- Balance remaining
- $767,862
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.