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    550 Queens Quay W

    2for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    245
    Condo Completion:
    2001
    Condo Demand:
    Low
    Unit Size Range:
    350 - 2,227 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for 550 Queens Quay

    Receive listing updates for The Waterfront

    Amenities

    Rooftop Deck
    Gym Room
    Concierge
    Party Room
    Rec Room
    Visitor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 550 Queens Quay W550 Queens Quay

    Situated in the picturesque Waterfront neighbourhood, 550 Queens Quay West offers residents affordable homes in a highly desirable area. Built in 2001, this modern brick and glass condominium is well suited to the neighbourhood, boasting amenities which are competitive with other buildings in the area: gym, sauna, concierge, parking garage, security guard, function and party rooms, plus a rooftop terrace with sweeping waterfront views.

    550 Queens Quay is perfect for nature-lovers who want the convenience of city living — at this prime location you are minutes from Toronto’s Entertainment District or waterfront walking trails, blending the best of aspects of urban living, nature and recreation.

    The Suites

    Most people expect high prices when they hear “waterfront property” but 550 Queens Quay has a range of layouts at varying price points — which makes Waterfront condos for sale in this building appealing to many different demographics. Units are available for rent and for sale, starting at 600 square feet for a 1 bedroom bachelor, up to 1200 square feet for a 2 bedroom + 2 bathroom suite.

    Units have private balconies, modern appliances, hardwood floors, open-concept living and dining space, and a parking spot in the parking garage.

    This building features a fantastic party room which can be rented for events; this room has tv’s, a full kitchen, dance floor, and bathrooms — ideal for larger get togethers.

    The Neighbourhood

    Imagine stepping out of your lobby doors in downtown Toronto and being greeted by a lush garden pathway directing you to beautiful lakeside walking paths across the street — residents at 550 Queen Quay don’t need to use their imaginations for this. If you’re feeling a twinge of envy don't be alarmed, because that just means you’re human.

    Very few people get to experience the serenity of nature within the city, but you could be one of those people, should you find your way into this property.

    From this convenient location there are many nearby options for groceries or late night runs for that one essential item your forgot to buy — we’ve all been there. Just down the street from your condo is a Rabba Fine Foods and a Shoppers Drug Mart. There is also a Sobeys Urban Fresh on Spadina, and Harbour Green Market for fresh produce.

    Entertainment options are vast for this convenient location; residents can walk to the Rogers Centre for a Blue Jays game, or Ripley’s Aquarium of Canada to gaze at the mysteries of the deep. You can catch the latest event on at Exhibition Place and the CNE. If you need a night on the town you will find a vibrant nightlife awaiting you; The Office Pub, Bar Hop Brewco, SPIN Toronto, The Bier Markt — plus hundreds more.

    Dining out will be a cinch with the famed Wahlburgers in walking distance, or Fox and Fiddle CityPlace, and a large selection of fast food choices like dairy Queen, Tim Hortons, Subway and more.

    Of course, you may have less interest in dining out or partying with all the recreation activities nearby. From 550 Queen Quay West you are seconds from the Waterfront trail, connecting you to a network of parks which extend for kilometres. There are tennis courts, yacht clubs, baseball diamonds, playgrounds, a dog park, and acres of green grass to lay down a blanket and enjoy the sun.

    Transportation

    Residents of 550 Queens Quay have TTC service right outside their building, but for those who wish to walk more and ride less — you’ll find it easy to accomplish most of your errands without transportation.

    TTC riders have streetcar service along Queens Quay, and onto Spadina and Bathurst. Longer Journeys are easy with Union Station nearby for the subway or GO Transit. If you’re heading out of town then you may find Billy Bishop Airport to be your new choice for departures, as it is only minutes from your front door.

    Drivers — you will be hard pressed to find quicker access to the Gardiner Expressway, via the Spadina on-ramp.

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    2

    Listings For Sale

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    Listings For Rent

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    Explore Neighbourhood

    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!

    Similar condos

    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%

    Maintenance Fees

    550 Queens Quay vs The Waterfront Area

    Days on Strata

    Units at 550 Queens Quay spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    5.4
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    31st
    Highest price per SQFT out of 41 condos in The Waterfront area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    550 Queens Quay offers the
    ?
    best value out of 41 condos in neighbourhood

    Appreciation Rank

    550 Queens Quay has the
    ?
    highest ROI out of 41 condos in neighbourhood

    Rental Yield

    550 Queens Quay yields the
    ?
    highest rent prices out of 41 condos in neighbourhood

    High Demand

    550 Queens Quay is the
    ?
    most popular building out of 41 condos in neighbourhood

    Transaction Insights at 550 Queens Quay W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$550,000 - $636,000$810,000$865,000No Data
    Avg. Cost Per SqftNo Data$947$1,018$880No Data
    Avg. Wait for Unit AvailabilityNo Data92 Days97 Days112 DaysNo Data
    Ratio of Units in Building1%28%42%30%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Waterfront