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    Toronto / Downtown / CityPlace

    501 - 85 Queens Wharf Rd

    For SaleQuartz | Spectra Condos
    $615,000
    1 Bed
    1 Bath
    0 Parking
    698 SQFT
    46 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $528/mth
    Taxes:
    $2,918 (2024)
    Cost Per Sqft:
    $881/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    October 1, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    32.81 x 29.53ft

    About this Listing

    Located in Toronto's vibrant entertainment district. Cozy 1 bedroom, 1 bath plus den with 698 sqft of living space featuring floor to ceiling windows. The sun drenched living room walking out to a generous size south exposure balcony. Large den can easily be utilized as a 2nd bedroom. Functional layout, quality features & finishes. Laminate flooring throughout. Open concept kitchen equipped with under mount sink, backsplash, LED valence lighting and plenty of storage. Granite kitchen & bathroom countertop. 24/7 security. State-of-the-art gym, yoga studio, and cardio room. Billiards, meeting room & lounging areas. Indoor pool & outdoor hot tub. Children's playroom, Tai Chi deck & BBQ. Steps to restaurants, groceries, banks, parks, Rogers Centre, CN Tower, Financial District & all major attractions.

    ExtrasSS fridge, dishwasher, microwave & hood fan. Glass cooktop/oven. Stacked front loading W&D. All existing light fixtures & Window coverings. TTC, restaurants, groceries & banks at your door steps. Short drive to DVP, QEW & Gardiner ExWay

    landstars 360 realty inc.MLS® #C9239719

    Amenities

    Indoor Pool
    Guest Suites
    Visitor Parking
    Party Room
    Rooftop Deck
    BBQ

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

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

    Population
    10,897
    Average Individual Income
    $60,210
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $103,882
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    20 - 34
    31%
    35 - 49
    20%
    50 - 64
    16%
    65+
    15%
    Household Income
    $0 - $30,000
    46%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    54%
    Detached
    33%
    Semi Detached
    6%
    Low Rise Apartment
    2%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Telugu
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    46%
    High School
    21%
    College
    13%
    None
    11%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    20%
    Math & Computer Sciences
    11%
    Health & Related Fields
    10%
    Social Sciences
    10%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Personal, Protective & Transportation Services
    2%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    Quartz | Spectra Condos vs The CityPlace Area

    Building Trends At Quartz | Spectra Condos

    Days on Strata

    Units at Quartz | Spectra Condos spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in CityPlace

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 27 condos in the CityPlace area

    Sold Units

    29
    Units were Sold over the past twelve months

    Rented Units

    131
    Units were Rented over the past twelve months

    Best Value Rank

    Quartz | Spectra Condos offers the
    ?
    best value out of 27 condos in the CityPlace neighbourhood

    Appreciation Rank

    Quartz | Spectra Condos has the
    ?
    highest ROI out of 27 condos in the CityPlace neighbourhood

    Rental Yield

    Quartz | Spectra Condos yields the
    ?
    highest rent prices out of 27 condos in the CityPlace neighbourhood

    High Demand

    Quartz | Spectra Condos is the
    ?
    most popular building out of 27 condos in the CityPlace neighbourhood

    Transaction Insights at 75-85 Queens Wharf Road

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$440,000 - $466,000$582,000 - $666,000$595,000 - $720,000$710,000 - $875,000$1,000,000 - $1,030,000$935,000 - $1,260,000No Data
    Avg. Cost Per Sqft$967$1,094$926$1,024$1,020$990No Data
    Avg. Wait for Unit Availability70 Days17 Days17 Days40 Days233 Days89 DaysNo Data
    Ratio of Units in Building8%36%34%15%2%8%1%

    Transactions vs Inventory

    Total number of units listed and sold in CityPlace