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    for sale
    8 Days on Strata
    Est Sell Timeframe:
    17 Days

    318 - 168 Simcoe St

    Qwest
    $499,000
    1 Bed
    1 Bath
    1 Parking
    638 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $782/mth
    Taxes:
    $2,525 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $782/sqft
    Outdoor Space:
    None
    Locker:
    Owned
    Possession Date:
    Now
    Exposure:
    North

    Amenities

    Concierge
    Visitor Parking
    Rooftop Deck
    Gym
    Security System
    Party Room
    Sauna
    Rec Room
    Indoor Parking
    Amenity details for reference only. Independently verify accuracy.

    About this Listing

    Tridel Built 'Qwest' Condo, SHORT-TERM RENTALS ALLOWED & CONDO FEE INCLUDES ALL UTILITIES - 1 PARKING SPOT ideally located at University & Richmond in the heart of downtown Toronto. Functional and spacious layout with new flooring (2024), fridge (2025), washer & dryer (2025). Enjoy first-class building amenities including a stylish lobby with 24-hr concierge, rooftop terrace with BBQ, party room, exercise center, sauna/jacuzzi, TV lounge, billiards room, and more. Short-term rentals (Airbnb) permitted an excellent option for investors. Perfectly situated steps to Queen Subway, the Financial & Entertainment Districts, theatres, shopping, dining, universities, and easy highway access. + one locker included.

    royal lepage signature realtyMLS® #C12547406

    Utilities & Inclusions

    Hydro
    Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included
    Parking
    Included
    Building Maintenance
    Not Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Living
    20.01 x 10.01ft
    Combined with Dining
    Dining
    20.01 x 10.01ft
    Combined with Living
    Kitchen
    10.27 x 8.5ft
    Bedroom
    14.67 x 8.99ft
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

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    Explore Queen West

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    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Building Trends At Qwest

    Days on Strata

    Units at Qwest spend an average of
    51
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    33rd
    Highest price per SQFT out of 53 condos in the Queen West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    12
    Units were Rented over the past twelve months

    Best Value Rank

    Qwest offers the
    ?
    best value out of 53 condos in the Queen West neighbourhood

    Appreciation Rank

    Qwest has the
    ?
    highest ROI out of 53 condos in the Queen West neighbourhood

    Rental Yield

    Qwest yields the
    ?
    highest rent prices out of 53 condos in the Queen West neighbourhood

    High Demand

    Qwest is the
    ?
    most popular building out of 53 condos in the Queen West neighbourhood

    Market Insights

    Transaction Insights at Qwest

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$529,000$578,000 - $584,500No DataNo Data
    Avg. Cost Per Sqft$869$816No DataNo Data
    Avg. Wait for Unit Availability145 Days217 Days274 DaysNo Data
    Ratio of Units in Building43%25%23%3%

    Market Inventory

    Total number of units listed and sold in Queen West