Experience elevated living in this brand new Penthouse suite at Reina Condos. This thoughtfully designed premium layout comes with upgraded finishes throughout with over $13K in designer upgrades, including herringbone flooring, motorized blinds, and carefully selected finishes that enhance both style and functionality. Reina Condos has received international recognition, including features in The New York Times and Oprah Magazine, and offers exceptional amenities: a fully equipped fitness centre, yoga studio, kid's playroom, party and games rooms, community library, and a beautifully designed outdoor courtyard with open-air workspaces. An excellent opportunity to own a brand new penthouse in one of the area's most talked-about boutique residences. List price includes HST with the HST rebate applied and is subject to eligibility requirements. More information provided in the builder's Agreement of Purchase & Sale. Book your showing today!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $996 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 689 The Queensway St #818
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
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
689 The Queensway St #818 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$2,447
/mo
based on the purchase price of $498,000
$99,600 cash
$398,400 financed
$335,557 total interest
Principal54%$398,400
Interest46%$335,557
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
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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 1–3 bed homes for sale in Toronto around $498K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,766Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 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
2 for sale at 689 The Queensway St — plus its sale and lease history.
689 The Queensway St #818 is listed at $498,000 (MLS® W13431562). Summitly updates the price as soon as the MLS® record changes.
Is $498,000 a good price for 689 The Queensway St #818?
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 689 The Queensway St #818 changed?
Yes — it was first listed at $539,000 and is now $498,000, a drop of $41,000 (7.6%).
How many bedrooms and bathrooms does 689 The Queensway St #818 have?
689 The Queensway St #818 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 689 The Queensway St #818 close to transit?
The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 1.1 km (about a 14-minute walk) in a straight line. Royal York Station is about 2.6 km, and Old Mill Station is about 2.6 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 689 The Queensway St #818?
About $2,447 a month — principal and interest on $498,000 with 20% down ($99,600), 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 689 The Queensway St #818 compare with other homes in Toronto?
Its asking price of $498,000 is about 41% below the median sold price in Toronto over the last 90 days, $842,000, across 9,226 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 689 The Queensway St #818 been sold before?
Summitly has no earlier MLS® sale or lease of 689 The Queensway St #818 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 689 The Queensway St #818?
689 The Queensway St #818 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 689 The Queensway St #818 been on the market?
134 days — 689 The Queensway St #818 was listed on June 11, 2026.
What is the price per square foot of 689 The Queensway St #818?
About $831 to $996 per square foot: the asking price of $498,000 over the 500–599 sq ft the listing gives as its size range.
Does 689 The Queensway St #818 have parking or a garage?
