837-39 Queens Quay, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13222242

$739,000
For Sale
Listed 49 days ago
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2Bedrooms
2Bathrooms
1Parking
700-799Sq Ft
3 schools20+ transit stops20+ parks20+ restaurantswithin 1.5 km

About this home

Apartment for Sale in Toronto. Attention Buyers And Investors! Don't Miss This Opportunity To Own This Beautiful 1 Bedroom + Den Condo In A Prime Toronto Location. Featuring A Bright Open Concept Living And Dining Area, Perfect For Comfortable Living And Entertaining. Modern Kitchen Equipped With Stainless Steel Appliances, Stylish Cabinetry And Ample Counter Space. Spacious Primary Bedroom With Plenty Of Natural Light And A Versatile Den Ideal For A Home Office, Study Area Or Guest Space. Two Full Washrooms Offer Added Convenience And Functionality. Excellent Layout With Large Windows Providing Abundant Natural Light Throughout. Conveniently Located Close To Transit, Shopping, Restaurants, Parks And All Major Urban Amenities.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13222242
Bedrooms
2 (1 + 1)
Bathrooms
2
Size
700-799
Cross streets
Yonge/Queens Quay E.
Parking
1 parking
Basement
Apartment
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$736/mo
Exposure
West
Property tax
$2,424 / 2026
Days on market
49
Listing brokerage
COLDWELL BANKER DREAM CITY REALTY

Rooms

DenFlat3.15 × 2.15 m

vinyl floor · separate room

Primary BedroomFlat3.40 × 3.05 m

vinyl floor · 4 pc ensuite · double closet

KitchenFlat4.00 × 3.40 m

vinyl floor · stainless steel appl · open concept

Living RoomFlat4.00 × 3.80 m

vinyl floor · w/o to balcony · large window

Dining RoomFlat4.00 × 3.40 m

vinyl floor · open concept · combined w/living

Moe’s TakeTeam Asgarian · Broker
In line
$698Kest. value

Listed at $739,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.

Based on 28 similar homes nearby, adjusted for size, beds, and baths.Median of 28 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $434K, 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 $730K
  • Adjusts to $730K

That comparable adjusts to $730K; the $698K estimate above is the median of all 28 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 Market Lane Junior and Senior Public 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. Freeland Street is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$643KGreat deal$759KOverpriced

Total price vs nearby homes. Fair value about $698K, median of 28 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.

  • Open-concept layout: modern, sought-after flow.
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
  • Lifestyle
  • Value driver
Comparable listingsCurrently listed nearby in Waterfront Communities C8 · asking prices
$703kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

302-39 Queens Quay$730k436-39 Queens Quay$759k531-15 Richardson Street$677k4302-138 Downes Street$649k2007-20 Richardson Street$700k

The 5 closest of 8 active listings nearby.

See all comparable homes
739kThis home730k759k677k649k700kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C8 · median list $616K
$986this home / sqft
58active listings nearby
49days on market

This home lists 4% above the area average of $952/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Waterfront Communities C8, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

100/ 100

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: Freeland Street, about 131 m away

20+ transit stops20+ grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Moss Park
$729K
Waterfront Communities C1
$541K
Church-Yonge Corridor
$956K
Regent Park
$699K
Bay Street Corridor
$568K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Market Lane Junior and Senior Public School
74%
Market Lane Junior and Senior Public SchoolPublic · Elementary · 1.1 km awayAround the GTA average · 74% meet the provincial standard
Downtown Alternative SchoolEQAO results not published

Affordability & Mortgage

Affordability
$3,368/mo
$151KIncome needed
4.9×Price ÷ income
$777Weekly cost
20% down4.79%25-yr amortization

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.

78%mortgage
Mortgage $3,368Property tax $202Condo fee $736Total carry $4,306

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,155per month

Mortgage amount $591,200 · 4.14% over 25 years

$147,800Down payment (20.0%)
$591,200Loan before insurance
$0CMHC premium
$4,093Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,155
Property tax
$202
Condo / maintenance fees
$736
Heating
$0
Estimated monthly cost
$4,093

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$11,255
Toronto municipal land transfer tax
$11,255
Estimated closing costs
$22,510

Plus your down payment of $147,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,832/monthPayment at the qualifying rate

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

$355,259Total interest paid
$946,459Total of all payments
Principal $591,200 Interest $355,259
YearPrincipalInterestBalance
1$13,850$24,009$577,350
2$14,429$23,429$562,921
3$15,033$22,826$547,888
4$15,661$22,197$532,227
5$16,317$21,542$515,911
6$16,999$20,859$498,912
7$17,710$20,148$481,201
8$18,451$19,408$462,751
9$19,223$18,636$443,528
10$20,027$17,832$423,501
11$20,864$16,994$402,637
12$21,737$16,121$380,900
13$22,646$15,212$358,254
14$23,594$14,265$334,660
15$24,580$13,278$310,080
16$25,609$12,250$284,471
17$26,680$11,179$257,791
18$27,796$10,063$229,995
19$28,958$8,900$201,037
20$30,170$7,689$170,867
21$31,432$6,427$139,436
22$32,746$5,112$106,689
23$34,116$3,742$72,573
24$35,543$2,315$37,030
25$37,030$828$0

At the end of your 5-year term

Total paid over the term
$189,292
Principal paid down
$75,289
Interest paid
$114,002
Balance remaining
$515,911

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.

Let's connect

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

Rental yield
Estimate$2,400/mo
$28,800Gross annual rent
1.9%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.9%
Gross yield
− Property tax $2,424− Condo fees $8,832− Insurance $600− Vacancy & upkeep $3,168Net operating income $13,776

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER DREAM CITY REALTY. MLS®/PropTx.

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