Condo for sale at 502-1040 The Queensway Avenue, Toronto, Ontario, M8Z 0A7 - Islington-City Centre West - MLS: W13489584

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502-1040 The Queensway Avenue

Toronto, Ontario, M8Z 0A7 - Islington-City Centre West

$475,000

Neighbourhood

Islington-City Centre West
Major Intersection

Islington & The Queensway

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

1
Bathrooms

1
Square Feet

500-599
Exposure

North
Total Parking

1 Underground Garage
Maintenance

$550
Taxes

$1,902.93 (2026)
Balcony

Open

Property Description

Property description for 502-1040 The Queensway Avenue, Toronto

Welcome to this beautifully designed one-bedroom condo offering an exceptional open-concept layout with 587 sqft of thoughtfully planned living space. Enjoy two walkouts to an impressive 100 sq. ft. balcony overlooking the quiet residential neighbourhood on the north side of the building-an ideal setting for morning coffee, evening sunsets, or relaxing outdoors.The functional kitchen features sleek black appliances and a mirrored backsplash, while laminate and ceramic flooring flow throughout thesuite. The spacious bedroom includes a double closet and its own walkout to the balcony. Ensuite laundry, a locker, and an exceptionally well-positioned, generously sized parking space complete this fantastic offering.Located in the heart of The Queensway, one of Etobicoke's most desirable and convenient neighbourhoods, you're surrounded by excellent restaurants, cafés, shops, parks, and everyday amenities. Enjoy quick access to public transit, major highways, downtown Toronto, Sherway Gardens, and the waterfront. A perfect opportunity for first-time buyers, professionals, downsizers, or investors seeking comfort, convenience,and a peaceful residential outlook.

Listed by CENTURY 21 ATRIA REALTY INC.

Property details

MLS #

W13489584
Sq. Ft

500-599
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Mareka Property Management
Heat

Heat Pump
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

W13489584
Sq. Ft

500-599
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Mareka Property Management
Heat

Heat Pump
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

5.8 x 2.9 ft Main level

Combined W/Dining, Laminate, W/O To Balcony
Dining

5.8 x 2.9 ft Main level

Combined W/Living, Laminate
Kitchen

2.45 x 2.4 ft Main level

B/I Dishwasher, B/I Microwave
Primary

5.8 x 2.9 ft Main level

Laminate, Large Closet, W/O To Balcony

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 502-1040 The Queensway Avenue, Toronto

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Condo Apt in Islington-City Centre West

Active listings

214

Average Selling Price of a Condo Apt

May 2026

$558,826

Last 3 Months

$537,290

Last 12 Months

$554,126

May 2025

$646,726

Last 3 Months LY

$613,289

Last 12 Months LY

$614,960

Change

-14%

Change

-12%

Change

-10%

Historical Average Selling Price of a Condo Apt in Islington-City Centre West

Average Selling Price

3 years ago

$688,882

Average Selling Price

5 years ago

$623,298

Average Selling Price

10 years ago

$341,980

Change

-19%

Change

-10%

Change

63%

Number of Condo Apt Sold

May 2026

Last 3 Months

Last 12 Months

May 2025

Last 3 Months LY

Last 12 Months LY

Change

-26%

Change

-11%

Change

-13%

How many days Condo Apt takes to sell (DOM)

May 2026

Last 3 Months

Last 12 Months

May 2025

Last 3 Months LY

Last 12 Months LY

Change

-26%

Change

21%

Change

13%

Average Selling price

Inventory Graph

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.