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    Toronto / East End / The Beaches

    506 - 1863 Queen St E

    For SaleThe Beach Condominiums V
    $879,000
    Price Cut: $999,888
    2 Beds
    2 Bath
    1 Parking
    884 SQFT
    179 Days on Strata
    Est Sell Timeframe
    6 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $858/mth
    Taxes:
    $2,998 (2024)
    Cost Per Sqft:
    $994/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    Flexible
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Walkout To Balcony, Laminate
    16.21 x 10.7ft
    Dining
    Combined with Living, Open Concept, Laminate
    16.21 x 10.7ft
    Kitchen
    Breakfast Bar, Stainless Steel Appliances
    9.68 x 13.88ft

    About this Listing

    Imagine owning your own penthouse unit, a short stroll to enjoy everything the Beach has to offer - sunrises on the beach, music festivals, restaurants & coffee shops, boardwalk, bike paths, movie theatres, concert venues, parks, parades, transit and so much more. This 2 bedroom 2 bathroom unit has a split bedroom floor plan, each bedroom has a walk in closet. There is a large balcony to have a barbecue and end a summer day watching a sunset.

    ExtrasStainless steel Fridge, stove and dishwasher, washer & dryer and window coverings. 1 car parking, oversized locker and 2 bike rack spaces.

    re/max hallmark realty ltd.MLS® #E8306666

    Amenities

    Concierge
    Gym Room
    BBQs Allowed
    Party Room
    Security System
    Visitor Parking

    Explore Neighbourhood

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    35,043
    Average Individual Income
    $59,283
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $105,097
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    17%
    50 - 64
    22%
    65+
    21%
    Household Income
    $0 - $30,000
    51%
    $30,000+
    26%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    2%
    Housing Types & Tenancy
    Detached
    40%
    Semi Detached
    24%
    High Rise Apartment
    18%
    Low Rise Apartment
    8%
    Duplex
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    54%
    Cantonese
    15%
    Other
    13%
    Mandarin
    11%
    Tamil
    4%
    Tagalog
    2%
    Urdu
    1%
    Education
    University and Above
    30%
    High School
    27%
    None
    18%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    8%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Beach Condominiums V vs The Beaches Area

    Building Trends At The Beach Condominiums V

    Days on Strata

    Units at The Beach Condominiums V spend an average of
    8
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in The Beaches

    Turnover of Units

    On average, each unit is owned for
    9
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 48 condos in The Beaches area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    The Beach Condominiums V offers the
    ?
    best value out of 48 condos in neighbourhood

    Appreciation Rank

    The Beach Condominiums V has the
    ?
    highest ROI out of 48 condos in neighbourhood

    Rental Yield

    The Beach Condominiums V yields the
    ?
    highest rent prices out of 48 condos in neighbourhood

    High Demand

    The Beach Condominiums V is the
    ?
    most popular building out of 48 condos in neighbourhood

    Transaction Insights at 1863 Queen Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$550,000 - $587,500$615,555$1,100,000No DataNo Data
    Avg. Cost Per Sqft$1,012$797$910No DataNo Data
    Avg. Wait for Unit Availability518 Days280 Days238 DaysNo Data504 Days
    Ratio of Units in Building22%17%51%4%8%

    Transactions vs Inventory

    Total number of units listed and sold in Beaches