301-689 The Queensway Street, Toronto, ON

Stonegate-Queensway, Toronto · MLS® W13611066

$599,900
For Sale
Listed 84 days agoNo offer date statedSitting longer than typical
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2Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • Welcome to Suite 231 at Reina Condos, a thoughtfully designed two-bedroom residence offering 765 sq. ft. of bright, contemporary living.
  • This efficient open-concept layout features a modern kitchen that flows seamlessly into the spacious living and dining areas, extending to a private balcony...
  • Reina Condos is an award-winning boutique residence on The Queensway with just 200 suites, offering an impressive collection of amenities including a fully equipped...

Welcome to Suite 231 at Reina Condos, a thoughtfully designed two-bedroom residence offering 765 sq. ft. of bright, contemporary living. This efficient open-concept layout features a modern kitchen that flows seamlessly into the spacious living and dining areas, extending to a private balcony overlooking the beautifully landscaped courtyard. The well-proportioned primary bedroom offers ample closet space, while the second bedroom provides the perfect setting for guests, a home office, or a growing family. Designed with comfort, style, and functionality in mind, this suite presents an exceptional opportunity to own in one of Toronto's most sought-after boutique condominium communities.Reina Condos is an award-winning boutique residence on The Queensway with just 200 suites, offering an impressive collection of amenities including a fully equipped fitness centre, children's playroom, games room, library, community room, Sound(less) room, pet wash, snack shack, and more. Residents also enjoy beautifully landscaped outdoor gathering spaces with BBQ areas, lounge seating, and a dedicated children's play area. Ideally located on The Queensway, you're just minutes from Mimico GO Station, the Gardiner Expressway, parks, restaurants, cafés, and shopping, making everyday living as convenient as it is enjoyable.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13611066
Bedrooms
2
Bathrooms
2
Size
700-799 sq ft
Cross streets
The Queensway and Royal York
Parking
1 garage (underground)
Basement
None
Heating
Heat Pump
A/C
Central Air
Exterior
Brick
Maintenance
$486/mo
Exposure
South West
Days on market
84
Listing brokerage
RE/MAX PROFESSIONALS INC.

Rooms

KitchenMain2.16 × 1.85 m

combined w/dining · b/i appliances · pantry

Living RoomMain4.29 × 3.99 m

combined w/dining · window · w/o to balcony

Dining RoomMain2.16 × 2.44 m

combined w/living · vinyl floor · combined w/kitchen

Bedroom 2Main3.99 × 2.67 m

Vinyl Floor

Primary BedroomMain3.99 × 3.20 m

3 pc ensuite · vinyl floor

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

What sellers nearby are askingCurrently listed nearby in Stonegate-Queensway · asking prices
$576kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $718/sqft; this home lists at $800/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
600kThis home550k520k589k549k672kThis home vs active comparables

Neighbourhood & location

Stonegate-Queensway, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Dovercourt-Wallace Emerson-Junction
$640K
Markland Wood
$680K
Niagara
$724K
Waterfront Communities C1
$610K
Kensington-Chinatown
$585K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Karen Kain School of the Arts
76%
Karen Kain School of the ArtsPublic · Elementary · 0.5 km awayAbove the GTA average · 76% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Etobicoke School of the Arts · Public secondary0.5 km · 80% at standard
George R Gauld Junior School · Public elementary0.7 km · 73% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary0.9 km · 88% at standard
St Mark Catholic School · Catholic elementary1.2 km · 59% at standard
David Hornell Junior School · Public elementary1.2 km · 68% at standard
Castlebar Junior School · Public elementary1.2 km · 82% at standard
Park Lawn Junior and Middle School · Public elementary1.2 km · 71% at standard
Étienne Brûlé Junior School · Public elementary1.3 km · 79% at standard
St Leo Catholic School · Catholic elementary1.4 km · 82% at standard
Holy Angels Catholic School · Catholic elementary1.4 km · 84% at standard
Norseman Junior Middle School · Public elementary1.6 km · 77% at standard
John English Junior Middle School · Public elementary1.7 km · 73% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,734/mo
$129KIncome needed
4.6×Price ÷ income
$631Weekly cost
$16,946Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

76%mortgage
Mortgage $2,734Estimated property tax $375Condo fee $486Total carry $3,595

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,654per month

Mortgage amount $479,920 · 4.49% over 25 years

$119,980Down payment (20.0%)
$479,920Loan before insurance
$0CMHC premium
$3,514Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,654
Estimated property tax
$375
Condo / maintenance fees
$486
Heating
$0
Estimated monthly cost
$3,514

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,473
Toronto municipal land transfer tax
$8,473
Estimated closing costs
$16,946

Plus your down payment of $119,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,212/monthPayment at the qualifying rate

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

$316,148Total interest paid
$796,068Total of all payments
Principal $479,920 Interest $316,148
YearPrincipalInterestBalance
1$10,710$21,133$469,210
2$11,196$20,647$458,014
3$11,704$20,138$446,310
4$12,236$19,607$434,074
5$12,791$19,051$421,283
6$13,372$18,471$407,910
7$13,979$17,863$393,931
8$14,614$17,229$379,317
9$15,278$16,565$364,040
10$15,971$15,872$348,068
11$16,696$15,146$331,372
12$17,454$14,388$313,918
13$18,247$13,596$295,671
14$19,075$12,767$276,595
15$19,942$11,901$256,654
16$20,847$10,996$235,807
17$21,793$10,049$214,013
18$22,783$9,060$191,230
19$23,817$8,025$167,413
20$24,899$6,944$142,514
21$26,029$5,813$116,485
22$27,211$4,632$89,273
23$28,447$3,396$60,827
24$29,738$2,104$31,089
25$31,089$754$0

At the end of your 5-year term

Total paid over the term
$159,214
Principal paid down
$58,637
Interest paid
$100,576
Balance remaining
$421,283

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.

Let's connect

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

Rental yield
Estimate$2,400/mo
$28,800Gross annual rent
2.5%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

4.8%
Gross yield
− Property tax $4,199− Condo fees $5,834− Insurance $600− Vacancy & upkeep $3,168Net operating income $14,999

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS®/PropTx.

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