1305-39 Queens Quay, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13811088
About this home
In short
- Experience elevated waterfront living in this sub-penthouse residence at Pier 27, one of Toronto's most prestigious addresses.
- Boasting over 1,700 sq. ft. of refined living space, this 3-bedroom plus den, 3-bathroom suite combines luxury, comfort, and breathtaking unobstructed lake views...
- The open-concept living and dining area features a custom-built-in fireplace and seamless flow for entertaining, while the chef-inspired kitchen showcases integrated...
Experience elevated waterfront living in this sub-penthouse residence at Pier 27, one of Toronto's most prestigious addresses. Boasting over 1,700 sq. ft. of refined living space, this 3-bedroom plus den, 3-bathroom suite combines luxury, comfort, and breathtaking unobstructed lake views through expansive 10-foot floor-to-ceiling windows that flood the home with natural light. The open-concept living and dining area features a custom-built-in fireplace and seamless flow for entertaining, while the chef-inspired kitchen showcases integrated Miele appliances, quartz countertops, and sleek cabinetry that balance modern design with everyday functionality. The primary suite offers a private retreat complete with a walk-in closet and spa-like ensuite featuring Toto fixtures. Two additional bedrooms and a den provide versatility for guests or a home office. This residence includes two parking spaces and two storage lockers for exceptional convenience. Residents enjoy an exclusive selection of five-star amenities, including indoor and outdoor pools, a fitness centre with sauna and steam room, theatre, lounge, party rooms, guest suites, and visitor parking. Located in the heart of the Toronto waterfront, steps from Union Station, the Financial District, and Harbourfront, with Loblaws, Farm Boy, LCBO, and some of the city's best restaurants and cafes just across the street. Discover a rare opportunity to own a truly exceptional sub-penthouse where contemporary luxury meets serene lakefront living
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13811088
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3
- Size
- 1600-1799 sq ft
- Cross streets
- Yonge & Queens Quay
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,668/mo
- Exposure
- South West
- Property tax
- $10,188 / 2025
- Days on market
- 29
- Listing brokerage
- RE/MAX PLUS CITY TEAM INC.
Rooms
open concept · window floor to ceiling · laminate
4 pc ensuite · his and hers closets · window floor to ceiling
4 pc ensuite · window floor to ceiling · closet
b/i appliances · breakfast bar · quartz counter
open concept · w/o to balcony · laminate
window floor to ceiling · closet · laminate
separate room · laminate
Listed at $2,199,999. Going by how homes in Waterfront Communities C8 have actually closed against their asking prices (about 97%, 82 local closings in 90 days), the likely sale price is near $2.13M, if it sells. A realistic range is $2.01M to $2.31M.
Independent value check: $1.96M. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $1.82M and $2.06M).
Why $1.96M. The typical condo sold in Waterfront Communities C8 over the past year went for about $620K (399 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,188 a year; the typical home sold here pays about $3,400.
- ▲ Raises it stronglyIt is 1,600 to 1,799 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it stronglyIts maintenance fee is $1,668 a month; the typical unit sold here pays about $660.
- ▲ Raises it3+1 bedrooms and 3 baths, against 1+1 and 2 typically.
Total price vs nearby homes. Likely closing about $2.13M, from 82 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 19 condo apartment homes for sale in the area against 82 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,294/sqft against an area asking average of $967/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 82 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.28M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Waterfront Communities C8, so I widened the search to the surrounding area.
Based on 14 homes sold in this building over the past 17 months, from 496 closings in Waterfront Communities C8.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $1.96M, which is where my estimate comes from.
Per square foot, these ask about $1,027/sqft; this home lists at $1,294/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Waterfront Communities C8: $588K in September 2026, down 8% from a year ago, on 390 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $657K | 37 |
| November 2025 | $703K | 30 |
| December 2025 | $602K | 22 |
| January 2026 | $650K | 16 |
| February 2026 | $715K | 28 |
| March 2026 | $600K | 31 |
| April 2026 | $575K | 47 |
| May 2026 | $578K | 29 |
| June 2026 | $625K | 37 |
| July 2026 | $620K | 49 |
| August 2026 | $615K | 34 |
| September 2026 | $588K | 30 |
Neighbourhood & location
Waterfront Communities C8, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,759,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,731
- Property tax
- $849
- Condo / maintenance fees
- $1,668
- Heating
- $0
- Estimated monthly cost
- $12,248
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $41,475
- Toronto municipal land transfer tax
- $41,475
- Estimated closing costs
- $82,950
Plus your down payment of $440,000. 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
- $583,880
- Principal paid down
- $215,039
- Interest paid
- $368,841
- Balance remaining
- $1,544,960
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 numbersThe last 7 whole-home leases in Waterfront Communities C8 signed at a median of $3,100 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,618. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PLUS CITY TEAM INC.. MLS®/PropTx.