618-1185 The Queensway, Toronto, ON

Islington-City Centre West, Toronto · MLS® W13794294

$699,900
For Sale
Listed 33 days agoNo offer date stated
2+1Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Sun-Filled 2 Bed + Den in the Heart of the City.
  • Soaring 9 ft ceilings and floor to ceiling windows flood the unit with natural light, setting the stage for an open concept living, dining and kitchen area that's...
  • The gourmet kitchen is a true showpiece, with granite countertops, a breakfast bar and stainless steel appliances including a French door fridge and built in microwave.
  • Retreat to the primary bedroom, complete with a walk in closet and a spa inspired ensuite featuring a soaking tub.
  • Step outside to your private balcony, or head downstairs to enjoy full building amenities: a party room, outdoor terrace, fully equipped gym and sparkling pool.

Sun-Filled 2 Bed + Den in the Heart of the City! Welcome home to this bright, south-facing 2 bedroom plus den suite, offering 900 sq ft of thoughtfully designed living space. Soaring 9 ft ceilings and floor to ceiling windows flood the unit with natural light, setting the stage for an open concept living, dining and kitchen area that's made for entertaining as much as everyday living.The gourmet kitchen is a true showpiece, with granite countertops, a breakfast bar and stainless steel appliances including a French door fridge and built in microwave. Retreat to the primary bedroom, complete with a walk in closet and a spa inspired ensuite featuring a soaking tub. The second bedroom is equally impressive, with its own full bathroom and an oversized, beautifully tiled shower. A versatile den rounds out the layout, ready to become your home office, yoga studio or reading nook.Step outside to your private balcony, or head downstairs to enjoy full building amenities: a party room, outdoor terrace, fully equipped gym and sparkling pool. In unit, full size laundry adds everyday convenience, while one owned parking space and a storage locker complete this move in ready package.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13794294
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
900-999 sq ft
Cross streets
Kipling & The Queensway
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Brick
Maintenance
$910/mo
Exposure
South West
Property tax
$3,115 / 2026
Days on market
33
Listing brokerage
RIGHT AT HOME REALTY

Rooms

Primary BedroomFlat3.66 × 3.05 m

4 pc ensuite · window floor to ceiling · walk-in closet(s)

KitchenFlat2.44 × 2.44 m

granite counters · open concept

Bedroom 2Flat3.71 × 2.74 m

Double Closet

DenFlat2.39 × 2.24 m

french doors · hardwood floor

Living RoomFlat5.77 × 3.40 m

combined w/dining · window floor to ceiling · open concept

Our TakeTeam Asgarian · Broker
A small discount is typical
$682Klikely sale price

Listed at $699,900. Going by how homes in Islington-City Centre West have actually closed against their asking prices (about 97%, 91 local closings in 90 days), the likely sale price is near $682K, if it sells. A realistic range is $642K to $737K.

Independent value check: $599K. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $558K and $630K).

Why $599K. The typical condo sold in Islington-City Centre West over the past year went for about $518K (415 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $3,115 a year; the typical home sold here pays about $2,400.
  • ▲ Raises itIt is 900 to 999 sq ft; the typical home sold here is 700 to 799.
List price
$642KBelow recent closings$737KAbove recent closings

Total price vs nearby homes. Likely closing about $682K, from 91 recent closings in this pocket.

The market behind the math:

91sold nearby · 90 days
$501Kmedian sold price
97%of asking, on average
−7%prices vs a year ago
~24 dayshomes like this take to sell
33days on market so far
$3,241/moest. rent · 8 leases
5.6%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.4 months of inventory: 43 condo apartment homes for sale in the area against 91 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $737/sqft against an area asking average of $693/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 91 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $605K. Condition and finishes remain an in-person call.

What the listing highlights5 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit

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

Based on 6 homes sold in this building over the past 15 months, from 500 closings in Islington-City Centre West.

What sellers nearby are askingCurrently listed nearby in Islington-City Centre West · asking prices
$645kavg 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 $724/sqft; this home lists at $737/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
700kThis home695k719k610k600k600kThis home vs active comparables

Sold price trend

Median sold price for condos in Islington-City Centre West: $500K in September 2026, down 3% from a year ago, on 400 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$540K40
November 2025$535K36
December 2025$480K25
January 2026$480K19
February 2026$540K34
March 2026$504K32
April 2026$501K40
May 2026$548K26
June 2026$522K50
July 2026$510K30
August 2026$505K31
September 2026$500K37

Neighbourhood & location

Islington-City Centre West, 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.

Markland Wood
$680K
Little Portugal
$549K
Dovercourt-Wallace Emerson-Junction
$640K
Niagara
$724K
Waterfront Communities C1
$610K

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 Castlebar Junior School
82%
Castlebar Junior SchoolPublic · Elementary · 1.2 km awayAbove the GTA average · 82% meet the provincial standard
Also nearby: 9 more schools within 2.5 km
Norseman Junior Middle School · Public elementary1.5 km · 77% at standard
St Louis Catholic School · Catholic elementary1.7 km · 76% at standard
Etobicoke School of the Arts · Public secondary1.8 km · 80% at standard
George R Gauld Junior School · Public elementary1.9 km · 73% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.9 km · 88% at standard
St Leo Catholic School · Catholic elementary2.2 km · 82% at standard
Lakeshore Collegiate Institute · Public secondary2.3 km · 58% at standard
Lanor Junior Middle School · Public elementary2.3 km · 79% at standard
John English Junior Middle School · Public elementary2.4 km · 73% at standard

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

Affordability & Mortgage

Affordability
$3,190/mo
$150KIncome needed
4.7×Price ÷ income
$736Weekly cost
$20,946Land 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.

73%mortgage
Mortgage $3,190Property tax $260Condo fee $910Total carry $4,360

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)
$3,096per month

Mortgage amount $559,920 · 4.49% over 25 years

$139,980Down payment (20.0%)
$559,920Loan before insurance
$0CMHC premium
$4,265Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,096
Property tax
$260
Condo / maintenance fees
$910
Heating
$0
Estimated monthly cost
$4,265

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

One-time closing costs

Ontario land transfer tax
$10,473
Toronto municipal land transfer tax
$10,473
Estimated closing costs
$20,946

Plus your down payment of $139,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,747/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

$368,848Total interest paid
$928,768Total of all payments
Principal $559,920 Interest $368,848
YearPrincipalInterestBalance
1$12,495$24,656$547,425
2$13,062$24,088$534,363
3$13,655$23,495$520,707
4$14,275$22,875$506,432
5$14,924$22,227$491,508
6$15,601$21,550$475,907
7$16,310$20,841$459,597
8$17,050$20,101$442,547
9$17,824$19,327$424,723
10$18,634$18,517$406,090
11$19,480$17,671$386,610
12$20,364$16,787$366,246
13$21,289$15,862$344,957
14$22,255$14,896$322,702
15$23,266$13,885$299,437
16$24,322$12,829$275,114
17$25,426$11,724$249,688
18$26,581$10,570$223,107
19$27,788$9,363$195,320
20$29,049$8,101$166,270
21$30,368$6,782$135,902
22$31,747$5,404$104,155
23$33,189$3,962$70,966
24$34,695$2,455$36,271
25$36,271$880$0

At the end of your 5-year term

Total paid over the term
$185,754
Principal paid down
$68,412
Interest paid
$117,342
Balance remaining
$491,508

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
From 8 whole-home leases in Islington-City Centre West$3,241/mo
$38,892Gross annual rent
2.9%Cap rate after taxes and upkeep
$2,982 to $3,500Typical rent range
~19 daysTo find a tenant, on average

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

Talk about the numbers

The last 8 whole-home leases in Islington-City Centre West signed at a median of $2,250 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,241. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

5.6%
Gross yield
− Property tax $3,115− Condo fees $10,924− Insurance $600− Vacancy & upkeep $4,278Net operating income $19,975

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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