2801 (Ph 1)-228 Queens Quay, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13411010
About this home
Must See To Believe Rarely Offered Gem Penthouse Residence Right at Harbour Front Toronto, Unbeatable Location-Hard To Find, A Showcase OF Luxury, Prestige, And Sophisticated Waterfront Living. Featuring A Spectacular Wrap-Around Private Terrace With Amazing, Unobstructed Panoramic Views Of Lake Ontario, The Iconic CN Tower, And Toronto's Dazzling Skyline, This Extraordinary Home Offers An Elevated Lifestyle Reserved For The Most Discerning Buyers. Freshly Painted Throughout (May 2026), This Residence Exudes Elegance With 9-Ft Smooth Ceilings, Crown Mouldings, Marble Flooring, Real Maple Hardwood Floors, Pot Lights In The Foyer And Dining Area, And Exquisite Customized Closets Worth Thousands of Dollars Throughout. The Light-Filled Open-Concept Living And Dining Areas Seamlessly Extend To The Expansive Terrace, Creating The Ultimate Indoor-Outdoor Entertaining Experience For Summer Gatherings, Sunset Cocktails, And Unforgettable Evenings Under The City Lights. The Kitchen Has Beautiful Granite Countertops, Waterfall Island, Customized Backsplash, And High-End Stainless-Steel Appliances. The Luxurious Residence Features A Walk-In Closet. The Den Also Features In-Built Customized Cabinet with a Glass Window Offering Fabulous Skyline Views, Provides An Ideal Space For Today's Work-From-Home Professionals. Maintenance Fees Include All Utilities. Residents Enjoy A Full-Service Luxury Lifestyle With 24-Hour Concierge, Indoor Pool, State-Of-The-Art Fitness Centre, Guest Suites, Visitor Parking, And More. Ideally Nested In One Of Toronto's Most Coveted Waterfront Communities, Just Steps To The Lake, Transit, Fine Dining, Entertainment, And Major Commuter Routes. Includes One Exclusive Parking Space And One Exclusive Locker. A Rare Scenic Penthouse Residence Offering Right At HarbourFront Exuding Elegance, Thoughtful Layout, Great Craftsmanship, World-Class Amenities, And Breathtaking Views of Lake Ontario, CN Tower and City Skyline.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13411010
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- York St / Queens Quay
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete Poured
- Foundation
- Concrete Block
- Roof
- Flat
- Maintenance
- $1,201/mo
- Exposure
- North East
- Property tax
- $5,325 / 2026
- Days on market
- 46
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
overlook water · hardwood floor · pot lights
open concept · granite counters · custom backsplash
3 pc ensuite · walk-in closet(s) · overlooks park
crown moulding · marble floor · pot lights
b/i bookcase · hardwood floor · window
mirrored walls · pocket doors · overlooks park
crown moulding · hardwood floor · w/o to terrace
Listed at $1,285,000, this home is tracking about 19% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($989/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In Waterfront Communities C1 lately, sellers have been getting about 97% of asking and homes sell in about 36 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.04M, a close match.
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 $1.08M estimate above is the median of all 9 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.
Total price vs nearby homes. Fair value about $1.08M, median of 9 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 0% above the area average of $988/sqft.
45 days longer than the Toronto average (1 days).
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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,028,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,486
- Property tax
- $444
- Condo / maintenance fees
- $1,201
- Heating
- $0
- Estimated monthly cost
- $7,131
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,175
- Toronto municipal land transfer tax
- $22,175
- Estimated closing costs
- $44,350
Plus your down payment of $257,000. 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
- $329,147
- Principal paid down
- $130,916
- Interest paid
- $198,231
- Balance remaining
- $897,084
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 RIGHT AT HOME REALTY. MLS®/PropTx.