1705-840 QUEENS PLATE Drive, Toronto, ON
West Humber-Clairville, Toronto · MLS® W13128520
About this home
Welcome to the Penthouse at The Lexington - an exceptionally rare offering and the largest suite in the building, boasting an impressive 1,364 sq ft of beautifully updated living space. This stunning penthouse residence features soaring 10-ft ceilings, brand new hardwood flooring and baseboards, fresh paint throughout, elegant crown moulding, and pot lights throughout the suite. Designed for both grand entertaining and everyday comfort, the layout offers an expansive open feel with four separate double-door walkouts leading to a spectacular wrap-around terrace spanning the entire length of the unit. Enjoy breathtaking 180-degree panoramic views with coveted south-east-north exposure and CN Tower skyline views. A grand entrance welcomes you with a massive walk-in closet and an oversized den ideal for a home office, sitting area, or additional living space. The oversized walk-in laundry room with sink adds exceptional convenience and storage rarely found in condo living. A truly unique penthouse opportunity combining scale, luxury, and unforgettable outdoor living in one of the building's rarest, oversized suites! Amazing Amenities Include Exercise Room, Lounge, Party Room With Kitchen Facilities & Board Room. Steps To Woodbine Racetrack & Casino, Humber College, Woodbine Mall, Royal Woodbine GolfClub, Pearson Airport, Transit & Major Highways.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- W13128520
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Rexdale & Queens Plate Dr
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Metal/Steel Siding
- Maintenance
- $1,147/mo
- Exposure
- North East
- Property tax
- $3,900 / 2025
- Days on market
- 71
- Listing brokerage
- RE/MAX NOBLECORP REAL ESTATE
Rooms
Listed at $774,999, and my independent estimate is tracking about 18% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA.
In West Humber-Clairville lately, sellers get about 100% of asking; homes sell in ~44 days · prices down 22% YoY.
Total price vs nearby homes. Fair value about $655K, median of 15 comparables.
How this estimate is builtthe short version
I take the 15 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.03M, higher than the comparables and worth a second look.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Albion Heights Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($596/sqft) is below the area, so you are paying for extra space rather than a premium.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 15 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 14% below the area average of $692/sqft.
70 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
West Humber-Clairville, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $619,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,309
- Property tax
- $325
- Condo / maintenance fees
- $1,147
- Heating
- $0
- Estimated monthly cost
- $4,781
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,975
- Toronto municipal land transfer tax
- $11,975
- Estimated closing costs
- $23,950
Plus your down payment of $155,000. 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
- $198,513
- Principal paid down
- $78,957
- Interest paid
- $119,556
- Balance remaining
- $541,042
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 NOBLECORP REAL ESTATE. MLS®/PropTx.