MLS® listing
859 The Queensway 322: condo apartment for sale
$548,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 700-799 |
|---|---|
| Style | 1 Storey/Apt |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Heat Pump |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $761 |
| Property tax | $2,755 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | North |
| Fee includes | Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | None |
| Floor | 3 |
Listing courtesy of SALERNO REALTY INC.. MLS® W13878466.
About this condo apartment
859 The Queensway 322 is a 2 bedroom condo apartment in TRREB's Stonegate-Queensway community in Toronto, listed for sale at $548,000. The listing shows 1 bathroom and 700-799 square feet. The style is given as 1 storey/apt. The unit faces north. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Islington & The Queensway.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 859 The Queensway 322
At the asking price of $548,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $548,000 |
|---|---|
| Ontario land transfer tax | $7,435 |
| Toronto municipal land transfer tax | $7,435 |
| Both taxes | $14,870 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $29,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $761 a month |
|---|---|
| Property tax (2026) | $2,755 a year, about $230 a month |
| Fee and tax together | about $991 a month |
The listing says the maintenance fee includes heat, water, cac, common elements, building insurance and parking. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $548,000, which is $2,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 859 The Queensway 322
How much is land transfer tax on 859 The Queensway 322?
At the asking price of $548,000 the Ontario tax is $7,435 and the Toronto tax is $7,435, $14,870 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 859 The Queensway 322?
$29,800 at the asking price of $548,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 859 The Queensway 322?
The listing shows $761 a month, including heat, water, cac, common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 859 The Queensway 322?
The listing shows $2,755 a year for 2026, about $230 a month.
Is 859 The Queensway 322 priced above or below the median?
It is listed at $548,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $2,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 859 The Queensway 322?
Use the form on this page or call us. Quote MLS® W13878466. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 859 The Queensway 322 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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