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Verge

1007 The Queensway, Toronto, Ontario

$579000

Listing TypeCondominium

Square Footage622 Sq. Ft.

Beds1 bed+den

Baths2

ExposureNorth

Floor RangeTBD

Showing AllowedYes

New master planned corner at The Queensway

Verge by RioCan Living is a two tower community at The Queensway and Islington, adding over 500 modern suites to a transit connected west end corridor. The site is just north of the Gardiner, close to big box retail, entertainment and a growing strip of local restaurants. With occupancy targeted in the mid 2020s, you are planning around a near term handover using current Queensway rent data rather than long range projections.

1+Den, 2 bath layout with parking and tenant appeal

  • Approx. 622 sq ft, 1 bedroom plus den, 2 bathrooms
  • North facing, no balcony, floor to be confirmed
  • Efficient plan with limited hallway and separation between bedroom, den and living area
  • Second full bath makes the den more usable as a guest room or shared setup
  • Included parking space – a clear value driver in a corridor where many residents still drive
  • Practical for single professionals, couples or roommates who want an extra work / flex zone

Amenities that help units lease

  • Concierge plus fitness and yoga studios
  • Coworking and content creation spaces that photograph well in listings
  • Parcel room, kids play areas and lounge zones for everyday use
  • Large outdoor terrace with seating, games and BBQs
  • Amenity package that stands out versus older Queensway buildings without pushing fees into ultra premium territory

Location, access and assignment angle

The community sits at The Queensway and Islington with TTC bus service to subway and streetcar, quick access to the Gardiner, 427 and QEW, plus nearby retail, restaurants and lakefront parks a short drive south. As an assignment, you step into the existing Verge purchase with deposits already paid, capped levies for 1 and 1+Den product and a reduced assignment fee in many cases, subject to the APS – a structure that can appeal to investors who want a new build without a long construction hold.

Financials

Listing Price$579000

Original Price$759000

Occupancy

Parking & Locker

ParkingYes

LockerNo

Location

Walkscore

    7

Original Agreement of Purchase & Sale

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