1001-1195 The Queensway, Toronto, ON

Islington-City Centre West, Toronto · MLS® W13835566

$565,000
For Sale
Listed 21 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • Live in style at Tailor Condos with this bright, modern 2-bedroom, 2-bathroom penthouse corner suite in the heart of South Etobicoke, complete with underground parking.
  • The primary bedroom features a private ensuite and double closet, while the open-concept living and dining area is well suited to both everyday living and entertaining.
  • Ideally located on The Queensway with convenient access to the Gardiner Expressway, Highway 427, Mimico GO, and Islington/Kipling subway stations.
  • Currently tenant occupied.

Live in style at Tailor Condos with this bright, modern 2-bedroom, 2-bathroom penthouse corner suite in the heart of South Etobicoke, complete with underground parking. Enjoy panoramic views, abundant natural light, and a smart split-bedroom layout offering ideal privacy. The primary bedroom features a private ensuite and double closet, while the open-concept living and dining area is well suited to both everyday living and entertaining. Additional highlights include ensuite laundry and a functional contemporary layout. Ideally located on The Queensway with convenient access to the Gardiner Expressway, Highway 427, Mimico GO, and Islington/Kipling subway stations. Walk to Sherway Gardens, cafés, restaurants, and everyday essentials. Currently tenant occupied.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13835566
Bedrooms
2
Bathrooms
2
Size
700-799 sq ft
Cross streets
Islington Ave. & The Queensway
Parking
1 garage (underground)
Basement
None
Heating
Heat Pump
A/C
Central Air
Exterior
Concrete
Maintenance
$576/mo
Exposure
North West
Property tax
$3,212 / 2026
Days on market
21
Listing brokerage
MODERN SOLUTION REALTY INC.

Rooms

Living RoomFlat0.00 × 0.00 m
Living RoomFlat0.00 × 0.00 m
Primary BedroomFlat
BedroomFlat
KitchenFlat
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 (Castlebar Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

What sellers nearby are askingCurrently listed nearby in Islington-City Centre West · asking prices
$568kavg 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 $763/sqft; this home lists at $754/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
565kThis home550k549k600k570k570kThis home vs active comparables

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
$727K
Waterfront Communities C1
$625K

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: 8 more schools within 2.5 km
Norseman Junior Middle School · Public elementary1.5 km · 77% at standard
St Louis Catholic School · Catholic elementary1.8 km · 76% at standard
Etobicoke School of the Arts · Public secondary1.8 km · 80% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.9 km · 88% at standard
George R Gauld Junior School · Public elementary1.9 km · 73% at standard
St Leo Catholic School · Catholic elementary2.3 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

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

Affordability & Mortgage

Affordability
$2,575/mo
$121KIncome needed
4.7×Price ÷ income
$594Weekly cost
$15,550Land 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.

75%mortgage
Mortgage $2,575Property tax $268Condo fee $576Total carry $3,419

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,499per month

Mortgage amount $452,000 · 4.49% over 25 years

$113,000Down payment (20.0%)
$452,000Loan before insurance
$0CMHC premium
$3,343Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,499
Property tax
$268
Condo / maintenance fees
$576
Heating
$0
Estimated monthly cost
$3,343

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

One-time closing costs

Ontario land transfer tax
$7,775
Toronto municipal land transfer tax
$7,775
Estimated closing costs
$15,550

Plus your down payment of $113,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,025/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

$297,756Total interest paid
$749,756Total of all payments
Principal $452,000 Interest $297,756
YearPrincipalInterestBalance
1$10,087$19,904$441,913
2$10,545$19,446$431,369
3$11,023$18,967$420,345
4$11,524$18,466$408,821
5$12,047$17,943$396,774
6$12,594$17,396$384,180
7$13,166$16,824$371,014
8$13,764$16,226$357,250
9$14,389$15,601$342,861
10$15,042$14,948$327,819
11$15,725$14,265$312,094
12$16,439$13,551$295,655
13$17,185$12,805$278,470
14$17,966$12,025$260,504
15$18,781$11,209$241,723
16$19,634$10,356$222,088
17$20,526$9,465$201,563
18$21,458$8,533$180,105
19$22,432$7,558$157,673
20$23,450$6,540$134,223
21$24,515$5,475$109,708
22$25,628$4,362$84,080
23$26,792$3,198$57,288
24$28,008$1,982$29,280
25$29,280$710$0

At the end of your 5-year term

Total paid over the term
$149,951
Principal paid down
$55,226
Interest paid
$94,725
Balance remaining
$396,774

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
2.6%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.

5.1%
Gross yield
− Property tax $3,212− Condo fees $6,912− Insurance $600− Vacancy & upkeep $3,168Net operating income $14,908

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

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