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$595,000
230 Queens Quay · Toronto · Ontario M5J 2Y7
44 days on market
Turnkey Downtown Toronto Investment Opportunity! This spacious, thoughtfully designed 580 sq. ft. one-bedroom suite is already tenant-occupied and generating $2,550 per month-an excellent opportunity for investors seeking immediate rental income from day one. The bright, functional layout maximizes every square foot, offering comfortable living and entertaining space with no wasted area. Step outside onto the oversized private balcony and enjoy impressive views of the CN Tower, all from an excep…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $15KPrice reduction
MLS shows the seller reduced the asking price by $15,000 (from $610,000 to $595,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB/PROPTX · MLS® C13759878
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo · assumes gas heat
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $27,087 | $2,257/mo |
| Government & taxes | ||
| Property tax | $2,616 | $218/mo |
| Land transfer tax(closing) | $8,375 | $698/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Ground Source | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $5,950 | $496/mo |
| Condo fees | ||
| Condo / HOA fees | $7,320 | $610/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $62,008 | $5,167/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.