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    for sale
    15 Days on Strata

    201 - 550 Queens Quay W

    $625,000
    1 Bed
    1 Bath
    1 Parking
    745 SQFT
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    Price History


    Maintenance Fees:
    $605/mth
    Taxes:
    $2,911 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $839/sqft
    Outdoor Space:
    Balcony
    Locker:
    Owned
    Possession Date:
    TBD
    Exposure:
    South

    Amenities

    Bike Storage
    Party Room
    Rooftop Deck
    Sauna
    Visitor Parking
    Gym

    About this Listing

    Live by the lake in this fabulous mid-rise boutique building on the waterfront. This expansive 1-Bedroom is South-facing with an unobstructed view of the lake, park, trail. This open concept unit offers floor to ceiling windows, a private covered balcony and a large primary bedroom which is King-size bed ready and includes a walk-in closet with plenty of storage, and a separate entrance to the ensuite bathroom. Note - a separate room for the 2-piece for extra privacy. Love outdoor living - enjoy the balcony which adds 66 square feet of additional living space. The Unit also has 1 parking spot and 1 locker which are both owned. What you will love about living here: A well managed building with a great concierge, view of the lake, access to the waterfront trails, transit, large bedroom, Visitor parking, good storage options. Walking distance to Rogers Center, Scotiabank Arena, Bud Stage, King West, Airport, zip across to the island via the water taxi at your doorstep. Amenities include: an Amazing rooftop terrace with panoramic views, BBQ areas, lounging chairs - perfect for friend and family gatherings. Party room - great for entertaining and work from home space. The gym is welcoming with newer equipment. Sauna and steam room are an added bonus after a hard work out. 24-hour concierge + security also a big perk.

    ExtrasAll Electric Light Fixtures, Oven, stove, Vent/Hood, Fridge, Built in dishwasher, Washer, Dryer, All custom blinds.

    real estate homewardMLS® #C12520716

    Utilities & Inclusions

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

    Dimensions


    Foyer
    3.58 x 6.5ft
    Kitchen
    14.76 x 13.16ft
    Centre Island, Open Concept, Combined with Dining
    Dining
    14.76 x 13.16ft
    hardwood floor, Eat-In Kitchen, Combined with Kitchen
    Living
    16.83 x 12.66ft
    hardwood floor, Walkout To Balcony, Windows Floor to Ceiling
    Primary
    10.99 x 12.5ft
    Walk-in Closet, Windows Floor to Ceiling, Ensuite Bath

    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

    Explore The Waterfront

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    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
    17,591
    Average Individual Income
    $62,082
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $105,756
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    22%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    25%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    39%
    High Rise Apartment
    23%
    Semi Detached
    21%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    70%
    Mandarin
    13%
    Cantonese
    10%
    Tagalog
    2%
    Tamil
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    36%
    High School
    24%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%


    Days on Strata

    Units at 550 Queens Quay spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    5.5
    YEARS before being sold again

    Property Value

    7%
    Increase in property value within the past twelve months

    Price Ranking

    32nd
    Highest price per SQFT out of 45 condos in The Waterfront area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    550 Queens Quay offers the
    ?
    best value out of 45 condos in neighbourhood

    Appreciation Rank

    550 Queens Quay has the
    ?
    highest ROI out of 45 condos in neighbourhood

    Rental Yield

    550 Queens Quay yields the
    ?
    highest rent prices out of 45 condos in neighbourhood

    High Demand

    550 Queens Quay is the
    ?
    most popular building out of 45 condos in neighbourhood

    Market Insights

    Transaction Insights at 550 Queens Quay

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo DataNo Data$750,000 - $845,000$845,000 - $1,569,999No Data
    Avg. Cost Per SqftNo DataNo Data$1,028$1,033No Data
    Avg. Wait for Unit AvailabilityNo Data91 Days115 Days122 DaysNo Data
    Ratio of Units in Building1%27%43%30%1%

    Market Inventory

    Total number of units listed and sold in Waterfront