228 Queens Quay W is a 1-bedroom, 1-bathroom condo in Toronto, listed for $485,000. It has 500-599 sq ft of living space.
1Whether you're looking for a place to call home or a smart addition to your investment portfolio, this condo delivers the space, amenities, and location to make downtown living truly worthwhile.
2Don't miss your opportunity to own in the heart of Toronto!
Enjoy the best of downtown Toronto living in this bright and spacious 590 square feet one-bedroom condo, featuring a functional, traditional layout, a private balcony, and a partial view of Lake Ontario while the monthly maintenance fee includes all major utilities! Ideally located within walking distance of the downtown core and waterfront, this inviting suite offers comfortable living in a quiet, clean, and well-maintained building. Conveniently situated near Union Station, the Financial District, major highways, and Billy Bishop Toronto City Airport, this location offers exceptional convenience for commuters and urban professionals alike. Residents enjoy an impressive collection of building amenities, including an indoor swimming pool, fully equipped fitness centre, sauna, BBQ area, party and meeting rooms, guest suites, 24/7 concierge, and visitor parking. With shopping, dining, entertainment, transit, and the waterfront all close by, this is an outstanding opportunity for first-time buyers to step into the Toronto real estate market or for investors seeking a property in a prime downtown location. Whether you're looking for a place to call home or a smart addition to your investment portfolio, this condo delivers the space, amenities, and location to make downtown living truly worthwhile. Don't miss your opportunity to own in the heart of Toronto!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $970 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 228 Queens Quay W
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
228 Queens Quay W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14126750$485,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 228 Queens Quay W Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,383
/mo
based on the purchase price of $485,000
$97,000 cash
$388,000 financed
$326,798 total interest
Principal54%$388,000
Interest46%$326,798
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $485K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5105.6%On average, homes sold at or above asking.
Active listings12,834Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 2 – Jul 31, 2026.
Based on 9,287 sales from Jul 31 – Oct 29, 2026 (6,995 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for rent at 228 Queens Quay W — plus its sale and lease history.
228 Queens Quay W is listed at $485,000 (MLS® C14126750). Summitly updates the price as soon as the MLS® record changes.
Is $485,000 a good price for 228 Queens Quay W?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 228 Queens Quay W changed?
No — 228 Queens Quay W is still listed at its original asking price of $485,000.
How many bedrooms and bathrooms does 228 Queens Quay W have?
228 Queens Quay W has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 228 Queens Quay W?
About $2,383 a month — principal and interest on $485,000 with 20% down ($97,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 228 Queens Quay W compare with other homes in Toronto?
Its asking price of $485,000 is about 42% below the median sold price in Toronto over the last 90 days, $840,000, across 9,287 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 228 Queens Quay W been sold before?
Summitly has no earlier MLS® sale or lease of 228 Queens Quay W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 228 Queens Quay W?
228 Queens Quay W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 228 Queens Quay W been on the market?
1 day — 228 Queens Quay W was listed on October 28, 2026.
What is the price per square foot of 228 Queens Quay W?
About $810 to $970 per square foot: the asking price of $485,000 over the 500–599 sq ft the listing gives as its size range.
Does 228 Queens Quay W have a basement, and is it finished?
The listing says 228 Queens Quay W has no basement.
What is the land transfer tax on 228 Queens Quay W?
About $12,350 at the asking price of $485,000: $6,175 Ontario land transfer tax plus $6,175 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
