402-218 Queens Quay, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13819912
About this home
In short
- Own the terrace, not just the view.
- Suite 402 sits on the only floor at The Waterclub with private terraces; every other floor has a balcony.
- 834 sq ft of hardwood-floored living: 2 bedrooms, a solarium ready to be your home office, and 2 full baths.
- Primary retreat with walk-in closet and 4-pc ensuite; second bedroom beside a 3-pc bath; ensuite laundry.
- A proven rental, too: leased at $3,200/month in 2025, with the outgoing tenants calling it "one of the best places we've gotten to live." Out the door: the...
Own the terrace, not just the view. Suite 402 sits on the only floor at The Waterclub with private terraces; every other floor has a balcony. The south-east terrace takes in Lake Ontario views and comes with its own lighting and a hose bib, giving you a true outdoor room for morning coffee, a container garden and summer dinners. Inside, approx. 834 sq ft of hardwood-floored living: 2 bedrooms, a solarium ready to be your home office, and 2 full baths. The open living/dining room walks straight out to the terrace, and the modern kitchen brings granite counters, a mosaic tile backsplash, stainless steel appliances and an island with seating. Primary retreat with walk-in closet and 4-pc ensuite; second bedroom beside a 3-pc bath; ensuite laundry. One owned underground parking space and an owned locker. Maintenance covers heat, water and central A/C. Resort-style amenities include indoor and outdoor pools, a fully equipped gym, a rooftop deck/garden with BBQs, a recreation room and concierge. A proven rental, too: leased at $3,200/month in 2025, with the outgoing tenants calling it "one of the best places we've gotten to live." Out the door: the Harbourfront boardwalk, Harbourfront Centre, marinas, parks and waterfront trails, with the CN Tower, Rogers Centre, Scotiabank Arena, Union Station, the PATH and the Financial District a short walk away. 509/510 streetcars at your doorstep and quick access to the Gardiner. Pets permitted with building restrictions.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13819912
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 800-899 sq ft
- Cross streets
- Queens Quay/York
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $956/mo
- Exposure
- South East
- Property tax
- $3,898 / 2026
- Days on market
- 26
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
stainless steel appl · modern kitchen · granite counters
hardwood floor · open concept · combined w/living
hardwood floor · 4 pc ensuite · walk-in closet(s)
hardwood floor · open concept · w/o to terrace
hardwood floor · 3 pc bath
Hardwood Floor
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readThe 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.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,034/sqft; this home lists at $999/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Waterfront Communities C1, Toronto, ON
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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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $679,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,755
- Property tax
- $325
- Condo / maintenance fees
- $956
- Heating
- $0
- Estimated monthly cost
- $5,036
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,455
- Toronto municipal land transfer tax
- $13,455
- Estimated closing costs
- $26,910
Plus your down payment of $169,800. 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
- $225,325
- Principal paid down
- $82,986
- Interest paid
- $142,339
- Balance remaining
- $596,214
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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.