601-480 Queens Quay, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13837516

$1,399,999
For Sale
Listed 20 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
1600-1799Sq ft

About this home

In short

  • Welcome to Suite 601W at the iconic King's Landing-a masterpiece by celebrated Canadian architect Arthur Erickson, best known for Roy Thomson Hall.
  • Nestled along Toronto's vibrant waterfront, this rare, quiet corner unit has been meticulously renovated, offering a unique blend of architectural prestige and modern...
  • The heart of the suite features a gourmet chef's kitchen with a striking 10-ft waterfall island, premium Miele appliances, and custom wine storage-flowing seamlessly...
  • The luxurious primary suite boasts a vast walk-in closet and spa-like ensuite with jetted soaker tub, dual vanities, and private water closet.
  • Ideally located on the same level as the building's exceptional amenities: indoor saltwater pool & whirlpool, sauna, rooftop terrace with BBQs, outdoor pickleball...

Welcome to Suite 601W at the iconic King's Landing-a masterpiece by celebrated Canadian architect Arthur Erickson, best known for Roy Thomson Hall. Nestled along Toronto's vibrant waterfront, this rare, quiet corner unit has been meticulously renovated, offering a unique blend of architectural prestige and modern luxury. Step through a spacious, elegant foyer into a thoughtfully redesigned home perfect for elevated everyday living and entertaining. The heart of the suite features a gourmet chef's kitchen with a striking 10-ft waterfall island, premium Miele appliances, and custom wine storage-flowing seamlessly into a large open-concept living and dining area. An expansive living room offers the perfect setting to host guests, while the bright solarium provides a private retreat to read, relax, or enjoy a glass of wine. The luxurious primary suite boasts a vast walk-in closet and spa-like ensuite with jetted soaker tub, dual vanities, and private water closet. A full-sized laundry room with built-in storage adds comfort and convenience. Ideally located on the same level as the building's exceptional amenities: indoor saltwater pool & whirlpool, sauna, rooftop terrace with BBQs, outdoor pickleball court, state-of-the-art gym, party room, and golf swing practice range. Includes 1 parking space and 1 locker. With 24-hour white-glove concierge service, premier finishes, and a landmark location, Suite 601W is a rare opportunity to live in one of Toronto's most architecturally significant residences.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13837516
Bedrooms
2
Bathrooms
2 (1 half)
Size
1600-1799 sq ft
Cross streets
Queens Quay & Spadina
Parking
1 garage (underground)
Basement
None
Heating
Baseboard
A/C
Central Air
Exterior
Concrete
Maintenance
$1,468/mo
Exposure
North West
Property tax
$5,264 / 2025
Days on market
20
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Rooms

LaundryMain3.29 × 1.86 m
Bedroom 2Main3.41 × 3.14 m

california shutters · b/i bookcase

OtherMain3.44 × 1.92 m

Walk-In Closet(s)

Primary BedroomMain4.27 × 3.99 m
KitchenMain8.56 × 3.81 m

open concept · b/i shelves · combined w/solarium

Powder RoomMain1.25 × 1.25 m
BathroomMain3.69 × 2.47 m

Soaking Tub

Our TakeTeam Asgarian · Broker
No automatic estimate

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 read

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.

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.

Niagara
$687K
Kensington-Chinatown
$600K
Church-Yonge Corridor
$580K
Waterfront Communities C8
$525K
Little Portugal
$549K

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 The Waterfront School
74%
The Waterfront SchoolPublic · Elementary · 0.3 km awayAround the GTA average · 74% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Jean Lumb Public School · Public elementary0.2 km · 73% at standard
Oasis Alternative Secondary School · Public secondary1.0 km
ALPHA Alternative Junior School · Public elementary1.0 km
St Mary Catholic School · Catholic elementary1.2 km · 64% at standard
Niagara Street Junior Public School · Public elementary1.3 km · 82% at standard
Ogden Junior Public School · Public elementary1.4 km · 69% at standard
Ryerson Community School Junior Senior · Public elementary1.7 km · 52% at standard
Charles G Fraser Junior Public School · Public elementary1.7 km · 74% at standard
Contact Alternative School School · Public secondary1.8 km
Heydon Park Secondary School · Public secondary1.9 km · 8% at standard
Beverley School · Public elementary2.0 km
Subway Academy II · Public secondary2.0 km

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$6,381/mo
$287KIncome needed
4.9×Price ÷ income
$1,472Weekly cost
$48,950Land transfer tax, one-time (Ontario + Toronto)
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.

77%mortgage
Mortgage $6,381Property tax $439Condo fee $1,468Total carry $8,288

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,193per month

Mortgage amount $1,119,999 · 4.49% over 25 years

$280,000Down payment (20.0%)
$1,119,999Loan before insurance
$0CMHC premium
$8,099Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,193
Property tax
$439
Condo / maintenance fees
$1,468
Heating
$0
Estimated monthly cost
$8,099

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

One-time closing costs

Ontario land transfer tax
$24,475
Toronto municipal land transfer tax
$24,475
Estimated closing costs
$48,950

Plus your down payment of $280,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,495/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

$737,801Total interest paid
$1,857,800Total of all payments
Principal $1,119,999 Interest $737,801
YearPrincipalInterestBalance
1$24,994$49,318$1,095,006
2$26,128$48,184$1,068,877
3$27,315$46,997$1,041,562
4$28,555$45,757$1,013,007
5$29,851$44,461$983,156
6$31,207$43,105$951,949
7$32,624$41,688$919,325
8$34,105$40,207$885,220
9$35,654$38,658$849,567
10$37,272$37,040$812,295
11$38,965$35,347$773,330
12$40,734$33,578$732,596
13$42,583$31,729$690,013
14$44,517$29,795$645,496
15$46,538$27,774$598,958
16$48,651$25,661$550,307
17$50,860$23,452$499,447
18$53,169$21,143$446,278
19$55,583$18,729$390,695
20$58,107$16,205$332,588
21$60,745$13,567$271,843
22$63,503$10,809$208,339
23$66,387$7,925$141,953
24$69,401$4,911$72,552
25$72,552$1,760$0

At the end of your 5-year term

Total paid over the term
$371,560
Principal paid down
$136,843
Interest paid
$234,717
Balance remaining
$983,156

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$5,450/mo
$65,400Gross annual rent
2.5%Cap rate after taxes and upkeep

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.

4.7%
Gross yield
− Property tax $5,264− Condo fees $17,619− Insurance $600− Vacancy & upkeep $7,194Net operating income $34,723

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

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