502-218 Queens Quay
Waterfront Communities C1, Toronto, Ontario M5J 2Y6
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 800–899sq ft
- Per sq ft
- $895at the range’s middle
- Tax a year
- $3,7932025 tax year
- Built
- 16-30
- Parking
- 11 underground
- Days on market
- Members
The brief
About 502-218 Queens Quay
502-218 Queens Quay is a 2+1-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $760,000 (MLS® C13822924).
Wake up to breathtaking lake and harbour front views from this beautifully renovated 2-bedroom plus den/solarium and 2-bathroom residence at Water Club Condos, ideally situated in the heart of Toronto's vibrant waterfront. Offering 834 sq. ft. of sophisticated living space with southeast exposure, this bright and stylish suite features floor-to-ceiling windows, hardwood flooring and an expansive balcony overlooking Lake Ontario and Toronto's Central Harbour front. The fully upgraded kitchen is designed for both everyday living and entertaining, featuring marble counters, subway tile back splash, pot lights, abundant cabinetry and storage, full-size stainless steel appliances and a generous centre breakfast island. The kitchen flows seamlessly into the sun-filled living area and a walkout to the balcony-an exceptional setting for morning coffee, evening entertaining or simply enjoying the waterfront views.The versatile den/solarium is surrounded by large windows and features a convenient pocket door for added privacy; functions beautifully as an office, dining area, breakfast nook or an optional 3rd bedroom. The primary offers sliding doors, closet, and a private 4-piece en suite, while the second bedroom features hardwood flooring and a custom Murphy bed/desk/closet unit. A second 3-piece bathroom and convenient in-suite laundry with a new washer and dryer complete the interior. The suite also features a new heat pump and includes one owned locker. Residents enjoy an impressive collection of amenities, including 24-hour concierge, indoor & outdoor swimming, fitness centre, rooftop deck and community BBQ's. The location delivers an exceptional downtown waterfront lifestyle, just steps from the boardwalk, waterfront attractions, water taxi access, Saturday farmers' markets, café's, restaurants and grocery, with convenient access to Union Station and Rogers Centre. A rare opportunity to enjoy the perfect combination of waterfront views & thoughtful upgrades.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even49/100−$524/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 68 condos with 3 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,793 / 2025
- MLS® number
- C13822924
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 16-30
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Building Age
- 16-30
- Construction
- Concrete
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc, 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- TV mounts, electric light fixtures, window coverings, hallway mirror & lamps, storage room 2 racks, new appliances: electric stove and oven, microwave/range hood, fridge, dishwasher, washer and dryer. Plus murphy bed/desk/closet unit.
- Condo maint.
- $990
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.34 × 4.26 m | Overlook Water, Se View, W/O To Balcony | Flat |
| Dining | 4.34 × 4.26 m | Combined W/Living, Open Concept | Flat |
| Kitchen | 2.13 × 3.2 m | Quartz Counter, Stainless Steel Appl, Pot Lights | Flat |
| Solarium | 2.33 × 2.79 m | Window Flr to Ceil, Se View | Flat |
| Primary | 2.61 × 3.04 m | 4 Pc Ensuite, W/I Closet | Flat |
| 2nd Br | 2.69 × 2.74 m | Murphy Bed, Sliding Doors | Flat |
Listing history
Buy/sell history for 502-218 Queens Quay, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $760,000 | N/A | Ext | C13822924 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $152,000
- Total mortgage amount
- $608,000
- Total interest payment
- $432,400
- Total purchase cost
- $1,192,400
- Mortgage payment
- $3,468/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
32%Monthly carrying cost
$4,774- Rent $4,250
- Shortfall $524
Rental income opens at $4,250, the median asking rent of 68 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $11,675
- Toronto municipal land transfer tax
- $11,675
- Total land transfer tax
- $23,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $14,875
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $760,000
- $7,200
- Ontario total
- $11,675
Toronto’s municipal tax uses the same brackets at this price, so it adds another $11,675.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m28 test or monitoring holes also recorded.250 m
- Bedrock about 7 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 76 building permits issued within 250 m in the last 2 years250 m
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 990 m990 m
- Mapped parcel: about 24,520 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 400 m400 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Redpath Sugar Ltd — Toronto Refinery, 960 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 4 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
7 building permits cleared at this address in the City’s file.
Backflow Prevention Devices (Water only)Inspection
Install premise isolation backflow preventer
Issued March 4, 2025
Garage Repair/ReconstructionPermit Issued
Parking garage repairs
Issued March 10, 2022
Other(MS)Permit Issued
Fire and smoke damper replacement
Issued April 18, 2019
Piping: Other BuildingsClosed
Proposal to replace kitec piping in multiple suites within existing condo buildings. See attached for detailed list of suite numbers. Also see separate permit for additional tower at 208 QUEENS QUAY W.
Issued July 20, 2018
Piping: Other BuildingsPermit Issued
Replacement of Kitec piping in suite 2511.
Issued April 18, 2018
Piping: Other BuildingsPermit Issued
Replacement of Kitec piping in suite 2409.
Issued April 18, 2018
Electromagnetic LocksClosed
Install 1 maglock to 2nd floor terrace exit
Issued March 3, 2005
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
200 QUEENS QUAY WCondominiumUnder Review
*** Draft Plan of Condominium for 1482 units.
80 m away255 BREMNER BLVDSite planUnder Review
Proposed amendment to the approved site plan application for the Hydro Station (File No. 11 229840 STE 20 SA) to make the temporary driveway access from Lower Simcoe into a permanent access for the site.
340 m away25 REES STSite planUnder Review
Proposed amendment to the approved site plan application for the Hydro Station (File No. 11 229840 STE 20 SA) to make the temporary driveway access from Lower Simcoe into a permanent access for the site.
380 m away60 HARBOUR STSite planUnder Review
Site plan application for a proposed 57-storey non-residential building.
390 m away258 BREMNER BLVDSite planUnder Review
INACTIVE Revision to existing site plan agreement for changes to the exterior elevations, site details including gate and fencing work. Phase 1 of CN Tower lands re development - for new entertainment complex containing 3 storey Ripleys Aquarium Phase 1 consists of easterly portion of lands and construction of southerly portion of 2 storey aquarium.
400 m away292 BREMNER BLVDSite planUnder Review
INACTIVE Revision to existing site plan agreement for changes to the exterior elevations, site details including gate and fencing work. Phase 1 of CN Tower lands re development - for new entertainment complex containing 3 storey Ripleys Aquarium Phase 1 consists of easterly portion of lands and construction of southerly portion of 2 storey aquarium.
430 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 635
- Median asking price
- $630K
- New in 7 days
- 76
- Price cuts
- 21%
Middle half: $539K to $832K
257 in 28 days
133 listings
This home is asking 21% above the median.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 650 m |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 900 m |
| King Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| Queen Station | TTC subway: Line 1 Yonge-University | 1.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1 km | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 1 km | 83%Grade 6 average |
| The Waterfront SchoolToronto DSB | Public · grades JK–8 | 1.3 km | 83%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 2 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| City SchoolToronto DSB | Public · grades 9–12 | 1.3 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.7 km | 96%Grade 9 math |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.9 km | 8%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.6 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.