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    for rent
    33 Days on Strata
    Est Lease Timeframe:
    25 Days

    505 - 1007 The Queensway Way

    Verge 1 - West Tower
    $2,150/mth
    Get price change & sold alerts
    1 Bed + 1
    1 Bath
    0 Parking
    500 - 599 SQFT

    Price History

    Property Type:
    Condo Apartment
    Possession Date:
    Mar 15
    Lease Term:
    1 Year
    Utilities Included:
    No
    Furnished:
    No
    Outdoor Space:
    Balcony
    Ensuite Laundry:
    Yes
    Locker:
    Owned
    Exposure:
    North

    Amenities

    Concierge
    Gym
    Party Room
    Visitor Parking

    About this Listing

    Vivacious Verge 2! This beautifully designed one-bedroom plus den suite offers a functional layout with modern finishes throughout. Located in a highly desirable neighbourhood, Verge Condos 2 is the second residential tower in a brand new mixed-use community in Toronto's quickly developing and popular Queensway neighbourhood. Located in a family-friendly area that is close to a wide assortment of lifestyle amenities, schools, parks, and is just a short distance from Lake Ontario and popular city beaches. Verge Condos 2 is a condo development by RioCan Living. Nearby parks such as Queensland Park, Queensway Park and Winslow Dalesford Park. Fronting on a large block that houses Cineplex's flagship Queensway Cinemas (and its massive parking lot), the Milestones, Montana's Cookhouse, as well as Kelsey's restaurants do a strong business. RioCan strives to put the site to better use. Surrounded by mostly low-rise, suburban built form, with much of The Queensway currently dominated by rows of strip retail to the east and west.

    exp realtyMLS® #W12861424

    Utilities & Inclusions

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

    Rooms

    Bedroom
    10.01 x 8.99ft
    Laminate, Large Window, Large Closet
    Renter's Market
    Balanced
    Landlord's Market

    Building Spotlight

    Similar Listings

    Explore Islington | City Centre West

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Demographics

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

    Population
    23,799
    Average Individual Income
    $66,150
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,533
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    32%
    Detached
    31%
    Semi Detached
    23%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Other
    15%
    Mandarin
    12%
    Cantonese
    10%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    38%
    High School
    24%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Building Trends At Verge 1 - West Tower

    Days on Strata

    Units at Verge 1 - West Tower spend an average of
    N/A
    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 a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Islington | City Centre West

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 74 condos in the Islington | City Centre West area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    134
    Units were Rented over the past twelve months

    Best Value Rank

    Verge 1 - West Tower offers the
    ?
    N/A
    best value out of 74 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Verge 1 - West Tower has the
    ?
    N/A
    highest ROI out of 74 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Verge 1 - West Tower yields the
    ?
    N/A
    highest rent prices out of 74 condos in the Islington | City Centre West neighbourhood

    High Demand

    Verge 1 - West Tower is the
    ?
    N/A
    most popular building out of 74 condos in the Islington | City Centre West neighbourhood

    Market Insights

    Transaction Insights at Verge 1 - West Tower

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$1,750 - $2,300$1,900 - $2,425$2,400 - $2,850$2,500 - $2,900$2,700 - $3,300
    Avg. Wait for Unit Availability5 Days3 Days6 Days27 Days11 Days
    Ratio of Units in Building25%43%20%4%11%

    Market Inventory

    Total number of units listed and leased in Islington | City Centre West