606 - 1 Neighbourhood Lane

Queensway, Toronto

606 - 1 Neighbourhood Lane, Queensway, Toronto

$695,000


Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $992.86


About this Condo

in Queensway, Toronto

Welcome to 1 Neighbourhood Lane, a stylish penthouse-level suite in a highly sought-after west-end community just minutes from the lake and the vibrant Humber Bay waterfront. With no neighbours above and unobstructed east views over the Humber River Valley stretching to the downtown skyline, this home offers a rare combination of privacy and elevated living. This bright 2br, 2 bath condo blends modern finishes with everyday functionality. The open-concept layout features a contemporary kitchen with stainless steel appliances and sleek modern cabinetry, flowing seamlessly into the living and dining area. Step out to the impressive 150 sq. ft. balcony, a true terracelike outdoor space thanks to its penthouse positioning, perfect for morning coffee or evening relaxation against a beautiful skyline backdrop. The primary bedroom includes a walk-in closet, a 3pc ensuite, and its own walkout to the balcony, creating a peaceful retreat with stunning views. The 2nd br features a built-in Murphy bed, offering excellent flexibility for guests, a home office, or additional living space. Practical features add meaningful value, including two owned underground parking spaces, a storage locker, and ensuite laundry, making everyday living easy and convenient. Residents also enjoy excellent building amenities such as a fitness centre, rooftop deck and garden, community BBQ area, party/meeting room, guest suites, and concierge service. The location is equally compelling. You're steps from the Humber River trail system and a short walk to the lake, Humber Bay Shores, and the lively Marine Parade waterfront district. Enjoy nearby cafés, restaurants, and everyday shopping along The Queensway, Park Lawn, and Lake Shore Boulevard. Transit is close at hand, and quick access to the Gardiner and Lake Shore places downtown just minutes away. A rare opportunity to own a penthouse suite a prime location in one of Toronto's most connected west-end communities.

Listed by Signature Elite Realty Ltd..


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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