859 The Queensway 322, Toronto W07

$548,000
859 The Queensway 322

$548,000

New
15d
Condo Apartment1 Storey/Apt

859 The Queensway 322, Toronto W07

Total Monthly Obligation $3,401

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
15d
Score
18
Yield
5.8%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-W13878466
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,754.65 (2026)
Maintenance-$760.99/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-SALERNO REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-TBA
Neighbourhood-Stonegate-Queensway
Title-Residential Condo & Other

No agent assigned

Welcome To 859 The Queensway Suite 322. Ideally Located At Islington Avenue And The Queensway In The Desirable Stonegate-Queensway Community. This Bright And Spacious 2-Bedroom, 1-Bathroom Condo Offers Approximately 790 Sq. Ft. Of Well-Designed Living Space With An Open-Concept Layout. The Kitchen Features Stainless Steel Appliances And Opens Seamlessly Into The Living Area, Creating A Functional Space For Both Everyday Living And Entertaining. Both Bedrooms Offer Large Windows, With The Second Bedroom Featuring A Walkout To The Open Balcony. Enjoy The Convenience Of Ensuite Laundry, Underground Owned Parking And An Owned Locker. Heat, Water, CAC, Building Insurance, Common Elements And Parking Are Included In The Maintenance Fees. Ideally Situated Close To Transit, Shopping, Restaurants, Parks, Schools And All The Amenities Along The Queensway, With Easy Access To Islington Avenue And Major Transportation Routes. A Fantastic Opportunity For First-Time Buyers, Downsizers Or Investors Looking For A Well-Located 2-Bedroom Condo In West Toronto.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$438,400
Land Transfer Taxes$7,435
Legal Fees (Est.)
$
Total cash required for closing$118,535

Total Monthly Obligation

$3,401/mo
Mortgage $2,210
Monthly Loss $2,819
Principal$582
Interest$1,629
Property Tax$230
Condo Fees$761
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%22
10-Year IRR
9.0%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,848/yr
NOI
$14,377/yr
Net Cash Flow
-$1,012/mo
Cash Margin
-38.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 859 The Queensway 322

Time

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