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Unit 718 at Pier 27 Condos Ph1

Sold

29 Queens Quay E 718, Toronto C08, ON M5E 0A4

MLS #C9344771

$848,000

Sold on October 14, 2024

October 14, 2024

Originally listed at $868,000 22 days on market

About This Property

Exclusive Waterfront Living; Rare Offer Spacious 2 Bedrooms + Den Unit With Full Length 31' x 5' Balcony Offer both the lake and city views; 10' Floor to Ceiling Windows; Large Den to Make Your Office at Home! Open and Modern Kitchen With High-End Appliances; Excellent Amenities include Indoor & Outdoor Pool, Health Club, Movie Theatre, Gym & Party Room. Walk to Union Station, Supermarkets, Banks, Restaurants and LCBO. One Parking and One Locker Included.

Investment Analysis

$3,596
Est. Monthly Rent
Based on $4/sqft
4.97%
Gross Yield
Before expenses
3.52%
Net Yield
After expenses
20.1
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($707/mo) and property tax ($4,113/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,021/sqft
Pier 27 Condos Ph1
$1,132/sqft-9.8%
Waterfront Communities C8
$1,012/sqft+0.9%
Toronto C08
$884/sqft
Building PSF Range
$909$1,385

Below Market Value

This unit is priced 9.8% below the building average of $1,132/sqft. With a 3.52% net yield after expenses, this could be a strong investment opportunity.

Analysis based on 26 sales and 78 leases in this building. Unit size estimated at 850 sqft.

Property Details

Bedrooms

3

Bathrooms

1

Square Feet

800-899 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2509
MLS Size800-899
Listed OnSep 10, 2024
Maintenance Fees$707/month
Property Tax$4,113/year

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)5.85 x 3.0819.2 x 10.1-
Living Room(Flat)5.85 x 3.0819.2 x 10.1-
Dining Room(Flat)5.85 x 3.0819.2 x 10.1-
Dining Room(Flat)5.85 x 3.0819.2 x 10.1-
Primary Bedroom(Flat)3.68 x 3.0512.1 x 10.0-
Primary Bedroom(Flat)3.68 x 3.0512.1 x 10.0-
Bedroom 2(Flat)3.38 x 2.911.1 x 9.5-
Bedroom 2(Flat)3.38 x 2.911.1 x 9.5-
Den(Flat)2.83 x 2.689.3 x 8.8-
Den(Flat)2.83 x 2.689.3 x 8.8-

Room Dimensions Available

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Unit 718 History

Complete transaction history for this unit

Leased

Leased: Feb 14, 2024

$3,200/mo

+$200 (6.7%)

Listed: $3,0004 days on marketLease
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1 More Transactions Available

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Transaction History Available

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Price History

Original List Price

$868,000

Listed on Sep 10, 2024

Sold Price

$848,000

Sold on Oct 14, 2024

-$20,000

-2.3%

22 days on market

Price History Available

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Available For Sale in This Building

OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NamePier 27 Condos Ph1
Address29 Queens Quay E, Toronto
Parking TypeNone

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About Unit 718 at Pier 27 Condos Ph1

Unit 718 is a residential condo & other with 3 bedrooms, 1 bathroom spanning approximately 800-899 square feet located at Pier 27 Condos Ph1, 29 Queens Quay E, Toronto. This unit is currently sold (sold for $848K).

About Pier 27 Condos Ph1

Pier 27 Condos Ph1 is located at 29 Queens Quay E, Toronto in Toronto C08. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Waterfront Communities C8 Neighbourhood

This unit is located in Waterfront Communities C8, part of Toronto C08 in the Toronto area. Explore more condos for sale and rent in this community.

Part of Pier 27 Condos

Pier 27 Condos Ph1 is part of the Pier 27 Condos development. Explore all buildings and available units within this prestigious multi-building community.

Whether you're looking to buy, sell, or rent at Pier 27 Condos Ph1, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 718 Pier 27 Condos Ph1 Toronto C08

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