2012-215 Queen Street, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13590868

$1,850/mo
For Lease
Listed 1 day ago
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1Bathrooms
0Parking
0-499Sq Ft

About this home

Award Winning Smart House Condos right in the heart of Downtown Toronto (Queen St West/University Ave)! This Smart Studio unit at 215 Queen Street West is designed to maximize functionality & Intelligent Design, featuring an open-concept layout with 9-foot Ceiling & floor-to-ceiling Windows, allowing ample natural light. Its Smart Kitchen is equipped with integrated Stainless-Steel Appliances, including a fridge, cooktop, microwave-convection oven, and dishwasher, all seamlessly blending into modern cabinetry, Custom Integrated Island, Extra-deep counter space. Residents can enjoy amenities like 24 Hrs Concierge, Gym, Party Room & Outdoor Patio Spaces. This advanced-Technology building incorporates energy-efficient elements, including windows, lighting, energy-star appliances, and ventilation systems, promoting eco-friendly living. Location wise, It just steps away to Osgoode Station (Line 1 - Yonge-University). Easy access to Eaton Centre, Nathan Phillips Square, the Financial & Entertainment District, A Vibrant Mix of Cafes, Restaurants, Boutiques and Cultural Venues, like TIFF Bell Lightbox, TIFF Festivals and Different Festivals and Events All Year around.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13590868
Bathrooms
1
Size
0-499
Cross streets
Queen And University
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Exposure
South
Days on market
1
Listing brokerage
CONDOWONG REAL ESTATE INC.

Rooms

KitchenMain4.20 × 4.20 m

open concept · stainless steel appl · laminate

Living RoomMain4.20 × 4.20 m

combined w/dining · laminate · open concept

Dining RoomMain4.20 × 4.20 m

combined w/living · laminate · open concept

Moe’s TakeTeam Asgarian · Broker
Below comparables
$2,125/moest. value

Listed at $1,850/mo, this rental is about 13% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.

In Waterfront Communities C1 lately, landlords have been getting about 100% of asking and homes lease in about 13 days.

Based on 20 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 20 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.

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, leased for $2,150/mo
  • Adjusts to $2,150/mo

That comparable adjusts to $2,150/mo; the $2,125/mo estimate above is the median of all 20 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.

The assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

List price
$1,850/moBelow market$2,250/moAbove market

Total price vs nearby homes. Fair value about $2,125/mo, median of 20 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. Lifestyle
Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$1,865avg asking

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

502-400 King Street$1,850420E-576 FRONT Street$1,8751216-400 King Street$1,900511-38 Iannuzzi Street$1,8001022-270 Wellington Street$1,900

The 5 closest of 8 active listings nearby.

See all comparable homes
1,850This home1,8501,8751,9001,8001,900This home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $2K
26active listings nearby
1days on market
100leased nearby · 90 days
$3Kmedian leased price
100%of asking, on average

On the market now.

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Waterfront Communities C1, 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.

Nearby neighbourhoods

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

Moss Park
$2K
Bay Street Corridor
$2K
Waterfront Communities C8
$2K
Church-Yonge Corridor
$2K
Niagara
$3K

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 Ogden Junior Public School
69%
Ogden Junior Public SchoolPublic · Elementary · 0.6 km awayAround the GTA average · 69% meet the provincial standard

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.5×Price ÷ income
$2Weekly 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.

88%mortgage
Mortgage $8Property tax $1Total carry $10

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 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8per month

Mortgage amount $1,480 · 4.14% over 25 years

$370Down payment (20.0%)
$1,480Loan before insurance
$0CMHC premium
$9Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9

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

One-time closing costs

Ontario land transfer tax
$9
Toronto municipal land transfer tax
$9
Estimated closing costs
$19

Plus your down payment of $370. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$10/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

$889Total interest paid
$2,369Total of all payments
Principal $1,480 Interest $889
YearPrincipalInterestBalance
1$35$60$1,445
2$36$59$1,409
3$38$57$1,372
4$39$56$1,332
5$41$54$1,292
6$43$52$1,249
7$44$50$1,205
8$46$49$1,158
9$48$47$1,110
10$50$45$1,060
11$52$43$1,008
12$54$40$954
13$57$38$897
14$59$36$838
15$62$33$776
16$64$31$712
17$67$28$645
18$70$25$576
19$72$22$503
20$76$19$428
21$79$16$349
22$82$13$267
23$85$9$182
24$89$6$93
25$93$2$0

At the end of your 5-year term

Total paid over the term
$474
Principal paid down
$188
Interest paid
$285
Balance remaining
$1,292

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CONDOWONG REAL ESTATE INC.. MLS®/PropTx.

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