3208-85 Queens Wharf Road, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13861220
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About this home
In short
- Are you tired of paying for someone else's mortgage?
- This is your opportunity to build your new/existing real estate portfolio.
- Here we have a 438 sqft Studio Unit in the Spectra Condo By Concord Adex.
- The Building is equipped with multi Floors Of amazing Amenities. to name a few: indoor Pool, Hot Tub, Gym, Indoor Basketball Court, massage room, movie room.
- Rooftop Bbq, 24/7 Concierge & Security With Ample Visitor Parking.
Opportunity is knocking! Are you tired of paying for someone else's mortgage? This is your opportunity to build your new/existing real estate portfolio. Here we have a 438 sqft Studio Unit in the Spectra Condo By Concord Adex. Located in the heart of Downtown Toronto! Close To TTC, Steps From Major Banks (TD), Restaurants, Grocery (Loblaws, Starbucks) retail Stores, Library, Parks, the lake, & much more! This unit is functional and versatile with the space organizer. Enjoy the great views from the Juliet balcony including the CN Tower, green space, city skylines. The Building is equipped with multi Floors Of amazing Amenities. to name a few: indoor Pool, Hot Tub, Gym, Indoor Basketball Court, massage room, movie room. Rooftop Bbq, 24/7 Concierge & Security With Ample Visitor Parking. Do not Miss Out On This Great Unit, what are you waiting for? Do not wait to buy real estate, buy real estate and wait!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13861220
- Bathrooms
- 1
- Size
- 0-499 sq ft
- Cross streets
- Bathurst / Fort York
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete Block
- Maintenance
- $379/mo
- Exposure
- North
- Property tax
- $2,026 / 2026
- Days on market
- 6
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
open concept · combined w/dining · laminate
track lighting · stainless steel appl · laminate
large window · combined w/living · juliette balcony
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readThe assigned public school is Jean Lumb Public 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
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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 $296,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,637
- Property tax
- $169
- Condo / maintenance fees
- $379
- Heating
- $0
- Estimated monthly cost
- $2,184
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,025
- Toronto municipal land transfer tax
- $4,025
- Estimated closing costs
- $8,050
Plus your down payment of $74,000. 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
- $98,198
- Principal paid down
- $36,166
- Interest paid
- $62,032
- Balance remaining
- $259,834
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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.