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| Heat Included | |
| Building Insurance Included | |
| Parking Included | |
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1011 - 550 Queens Quay W
Waterfront Communities C1, Toronto
$794,950
Beautifully renovated and exceptionally well presented, this stylish 2-bedroom, 2-bathroom residence at 550 Queens Quay offers the perfect blend of modern finishes, comfort and waterfront living. Thoughtfully updated throughout, the suite showcases a fresh, contemporary feel with an inviting layout designed for both everyday living and entertaining. Bright, welcoming principal living spaces are complemented by two well-proportioned bedrooms and two bathrooms, offering excellent functionality and flexibility. Complete with one underground parking space and a private locker, this is an excellent opportunity to enjoy everything the waterfront lifestyle has to offer. Ideally situated just steps to the lake, waterfront trails, parks, restaurants, cafes, transit and the many amenities of downtown Toronto. Move-in ready and showing exceptionally well, this is waterfront living at its best!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,069
- Property tax
- $255
- Heat allowance
- $150
- Condo fees, half counted
- $334
- Housing costs
- $4,808 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$148,000
gross annual household income
- Payment at 4%
- $3,345 / mo
- Cash down
- $158,990
Assumes no other monthly debts · 25-yr amortization
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