480 Queens Quay W 601, Toronto C01

$1,399,999
480 Queens Quay W 601

$1,399,999

New
25d
Condo ApartmentApartment

480 Queens Quay W 601, Toronto C01

Total Monthly Obligation $7,754

Beds
2
Baths
2
Park
1
Sqft
1600-1799
DOM
25d
Score
21
Yield
6.6%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
14.9%
Property Type-Condo Apartment
MLS® Number-C13837516
Beds-2
Bathrooms-2
Size-1600-1799 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$5,263.53 (2025)
Maintenance-$1,468.26/mo
Locker-Ensuite+Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 601W at the iconic King's Landing-a masterpiece by celebrated Canadian architect Arthur Erickson, best known for Roy Thomson Hall. Nestled along Toronto's vibrant waterfront, this rare, quiet corner unit has been meticulously renovated, offering a unique blend of architectural prestige and modern luxury. Step through a spacious, elegant foyer into a thoughtfully redesigned home perfect for elevated everyday living and entertaining. The heart of the suite features a gourmet chef's kitchen with a striking 10-ft waterfall island, premium Miele appliances, and custom wine storage-flowing seamlessly into a large open-concept living and dining area. An expansive living room offers the perfect setting to host guests, while the bright solarium provides a private retreat to read, relax, or enjoy a glass of wine. The luxurious primary suite boasts a vast walk-in closet and spa-like ensuite with jetted soaker tub, dual vanities, and private water closet. A full-sized laundry room with built-in storage adds comfort and convenience. Ideally located on the same level as the building's exceptional amenities: indoor saltwater pool & whirlpool, sauna, rooftop terrace with BBQs, outdoor pickleball court, state-of-the-art gym, party room, and golf swing practice range. Includes 1 parking space and 1 locker. With 24-hour white-glove concierge service, premier finishes, and a landmark location, Suite 601W is a rare opportunity to live in one of Toronto's most architecturally significant residences.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,119,999
Land Transfer Taxes$24,475
Legal Fees (Est.)
$
Total cash required for closing$305,975

Total Monthly Obligation

$7,754/mo
Mortgage $5,647
Monthly Loss $6,268
Principal$1,486
Interest$4,161
Property Tax$439
Condo Fees$1,468
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.4%3
5-Year IRR
13.0%58
10-Year IRR
13.0%
Returns Index
29.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$91,884/yr
NOI
$57,413/yr
Net Cash Flow
-$863/mo
Cash Margin
-11.3%1
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo20
Risk Index
18.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 480 Queens Quay W 601

Time

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