407-1040 The Queensway, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13591428
About this home
Location, Location, Location! Welcome to Suite 407 at Loggia Condos, a stylish, newly updated & freshly painted 1-bedroom, 1-bathroom residence in the heart of The Queensway. This bright, S-P-A-C-I-O-U-S and very functional suite offers an open-concept layout with modern updated finishes, creating a comfortable and contemporary living space ideal for first-time buyers, professionals, or investors. Enjoy a sleek kitchen featuring updated cabinetry, stone countertops, deep under-mounted double bowl stainless steel sink, and upgraded Samsung stainless steel appliances, seamlessly flowing into the living and dining area. The spacious bedroom includes ample closet space and large windows that fill the unit with natural light. A well-appointed 4-piece bathroom with updated tub and shower fixtures and in-suite laundry add to the convenience. Located in a well-managed building with excellent amenities, residents enjoy easy access to shopping, dining, parks, transit, and major highways (Gardiner Expressway / Hwy 427). Just minutes to Sherway Gardens, Costco, and the Gardiner Expressway, this location offers the perfect balance of urban convenience and neighbourhood charm. Residents of Loggia Condos also enjoy front desk Concierge with security guard, Party Room, Meeting Room and Visitor Parking as well as a Parking Garage, Indoor Pool, and outdoor courtyard. This is a fantastic opportunity to own in a vibrant and growing Etobicoke community.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13591428
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Islington And Queensway
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $546/mo
- Exposure
- North
- Property tax
- $1,918 / 2026
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
double closet · open concept
4 pc bath · tile floor · updated
tile floor · ceramic backsplash · breakfast bar
laminate · combined w/living · w/o to balcony
laminate · combined w/dining · w/o to balcony
laminate · w/w closet · w/o to balcony
Listed at $399,000, this home is about 19% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Islington-City Centre West lately, sellers have been getting about 96% of asking and homes sell in about 39 days.
Based on 76 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 76 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $402K, a bit lower.
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, sold for $555K
- Bedrooms −$16K
- Adjusts to $539K
That comparable adjusts to $539K; the $494K estimate above is the median of all 76 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Castlebar Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $494K, median of 76 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- 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 3 closest active listings nearby.
See all comparable homesThis home lists 20% below the area average of $763/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, 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 $319,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,703
- Property tax
- $160
- Condo / maintenance fees
- $546
- Heating
- $0
- Estimated monthly cost
- $2,409
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,460
- Toronto municipal land transfer tax
- $4,460
- Estimated closing costs
- $8,920
Plus your down payment of $79,800. 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
- $102,202
- Principal paid down
- $40,650
- Interest paid
- $61,552
- Balance remaining
- $278,550
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 RIGHT AT HOME REALTY. MLS®/PropTx.