42-2406 Queen Street, Toronto, ON
Birchcliffe-Cliffside, Toronto · MLS® E13566062
About this home
Welcome to this bright and inviting 1 bedroom, 1 bathroom apartment, offering 556 square feet of well designed living space at 2406 Queen St E, nestled in the desirable Birch Cliff neighbourhood, just steps from Victoria Park Avenue and moments from the shores of Lake Ontario. This professionally managed building features durable hardwood floors throughout and a modern kitchen with new appliances, offering both comfort and style. The well proportioned bedroom provides a peaceful retreat, while the functional layout makes the most of every square foot. Heat is included in the rent, offering added value and peace of mind, with water and hydro billed separately. Parking is available at $115 per month for added convenience. Enjoy the vibrant Beaches area lifestyle with nearby parks, waterfront trails, cafes, and local shops, all within easy reach. This is an excellent opportunity for those seeking a comfortable home in one of Toronto's most charming lakeside communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13566062
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Queen St E / Victoria Park Ave
- Parking
- 1 garage (detached)
- Basement
- None
- Heating
- Radiant
- A/C
- None
- Exterior
- Brick
- Exposure
- East
- Days on market
- 7
- Listing brokerage
- VALERY REAL ESTATE INC.
Rooms
vinyl floor · window
vinyl floor · window · combined w/kitchen
vinyl floor · window
tile floor · stainless steel appl · ceramic backsplash
Listed at $1,798/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Birchcliffe-Cliffside lately, landlords have been getting about 98% of asking and homes lease in about 30 days.
Based on 91 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 91 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 $1,850/mo
- Adjusts to $1,850/mo
That comparable adjusts to $1,850/mo; the $1,893/mo estimate above is the median of all 91 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.
On schools, this address is zoned for Malvern Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Total price vs nearby homes. Fair value about $1,893/mo, median of 91 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.
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Birchcliffe-Cliffside, 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.
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 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $1,438 · 4.14% over 25 years
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
- $18
Plus your down payment of $360. 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
- $461
- Principal paid down
- $183
- Interest paid
- $277
- Balance remaining
- $1,255
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of VALERY REAL ESTATE INC.. MLS®/PropTx.