550 Queens Quay W
Building Details
Listing History for 550 Queens Quay
Amenities
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About 550 Queens Quay W — 550 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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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
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Building Trends At 550 Queens Quay
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List vs Selling Price
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Transaction Insights at 550 Queens Quay W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|---|
Price Range | No Data | $550,000 - $636,000 | $810,000 | $865,000 | No Data |
Avg. Cost Per Sqft | No Data | $947 | $1,018 | $880 | No Data |
Price Range | No Data | No Data | No Data | $3,250 - $4,500 | No Data |
Avg. Wait for Unit Availability | No Data | 92 Days | 97 Days | 112 Days | No Data |
Avg. Wait for Unit Availability | No Data | 79 Days | 60 Days | 69 Days | No Data |
Ratio of Units in Building | 1% | 28% | 42% | 30% | 1% |
Unit Sales vs Inventory
Total number of units listed and sold in Waterfront