606-1 Neighbourhood Lane, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W12908594
About this home
Welcome to 1 Neighbourhood Lane, a stylish penthouse-level suite in a highly sought-after west-end community just minutes from the lake and the vibrant Humber Bay waterfront. With no neighbours above and unobstructed east views over the Humber River Valley stretching to the downtown skyline, this home offers a rare combination of privacy and elevated living. This bright 2br, 2 bath condo blends modern finishes with everyday functionality. The open-concept layout features a contemporary kitchen with stainless steel appliances and sleek modern cabinetry, flowing seamlessly into the living and dining area. Step out to the impressive 150 sq. ft. balcony, a true terracelike outdoor space thanks to its penthouse positioning, perfect for morning coffee or evening relaxation against a beautiful skyline backdrop. The primary bedroom includes a walk-in closet, a 3pc ensuite, and its own walkout to the balcony, creating a peaceful retreat with stunning views. The 2nd br features a built-in Murphy bed, offering excellent flexibility for guests, a home office, or additional living space. Practical features add meaningful value, including two owned underground parking spaces, a storage locker, and ensuite laundry, making everyday living easy and convenient. Residents also enjoy excellent building amenities such as a fitness centre, rooftop deck and garden, community BBQ area, party/meeting room, guest suites, and concierge service. The location is equally compelling. You're steps from the Humber River trail system and a short walk to the lake, Humber Bay Shores, and the lively Marine Parade waterfront district. Enjoy nearby cafés, restaurants, and everyday shopping along The Queensway, Park Lawn, and Lake Shore Boulevard. Transit is close at hand, and quick access to the Gardiner and Lake Shore places downtown just minutes away. A rare opportunity to own a penthouse suite a prime location in one of Toronto's most connected west-end communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W12908594
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-799
- Cross streets
- Park Lawn & Queensway
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $775/mo
- Exposure
- North West
- Property tax
- $3,280 / 2025
- Days on market
- 119
- Listing brokerage
- Signature Elite Realty Ltd.
Rooms
vinyl floor · open concept · combined w/kitchen
stainless steel appl · backsplash · laminate
open concept · w/o to balcony · vinyl floor
walk-in closet(s) · 3 pc ensuite · w/o to balcony
murphy bed · large window · vinyl floor
Listed at $695,000, this home is about 15% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $647K, a close match.
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, listed at $540K
- Bathrooms +$15K
- Adjusts to $555K
That comparable adjusts to $555K; the $607K estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Berry Rd at Stephen Dr is about a 1-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $607K, median of 8 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.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 18% above the area average of $787/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stonegate-Queensway, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Berry Rd at Stephen Dr, about 52 m away
Within a 15-minute (1.5 km) walk.
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 21, 2026); conventional rates run a little higher.
Mortgage amount $556,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,967
- Property tax
- $273
- Condo / maintenance fees
- $775
- Heating
- $0
- Estimated monthly cost
- $4,015
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,375
- Toronto municipal land transfer tax
- $10,375
- Estimated closing costs
- $20,750
Plus your down payment of $139,000. 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
- $178,021
- Principal paid down
- $70,807
- Interest paid
- $107,215
- Balance remaining
- $485,193
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 Signature Elite Realty Ltd.. MLS®/PropTx.