Queensway Townhouses vs Condos in 2027: Which to Buy

By Jatin Dua · Broker of Record, RE/MAX Quantum Realty · Updated 2 November 2026 · 10 min read — Townhouse or condo near The Queensway in 2027? TRREB prices, carrying costs, rents and supply compared, with a clear way to decide.

This guide is for buyers deciding between a townhouse and a condo apartment on or near The Queensway in Etobicoke in 2027. You will get the real price gap from TRREB sales data, what each one costs to buy and carry, how fast each sells and rents, and a clear way to decide.

Townhouse or condo on The Queensway: what is the price gap in 2026?

The gap is about $220,000 at the middle of the market. From January to October 2026, condo townhouses in TRREB district W08 sold for a median of $747,500. Condo apartments in the same district sold for a median of $525,000. A freehold townhouse, where you own the land and pay no condo fee, cost more again: a median of $1,140,000 in W08 and $1,190,000 in W07.

The Queensway is split between two TRREB districts. W07 is a single community, Stonegate-Queensway, at the eastern end. W08 covers the western end of the street plus a much larger area that includes Islington-City Centre West, Markland Wood and Etobicoke West Mall. Neither district is “The Queensway” alone, so treat these as the closest honest numbers, not a street price. I explain the split in more detail in my post on Queensway condo prices in W07 and W08.

What do Queensway townhouses and condos sell for?

Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025, median sold price and number of sales. W07 = Stonegate-Queensway; W08 = Islington-City Centre West and six other communities. Not a forecast.

Two things jump out. First, W07 had no condo townhouse sales on MLS in 2025 or 2026 to the end of October, and only one listed at the end of October. Second, freehold townhouses are a small market: 13 sales in W07 and 25 in W08 in ten months. With so few sales, one large or one small home can move the median a lot.

TRREB’s own benchmark prices, which adjust for the type of home that sold, tell a similar story. In October 2026 the W08 townhouse benchmark was $680,100, down 7.8% from a year earlier, while the W08 apartment benchmark was $526,600, down 4.5%.

Why are townhouses so rare on The Queensway?

Because the area was built as detached houses and is now growing upward, not sideways. In the 2021 Census, the City of Toronto’s Stonegate-Queensway neighbourhood had 10,515 occupied homes. Only 455 were row houses, about 4%. Single-detached houses made up 5,810, and apartments 3,910.

New supply is mostly towers. The largest approved site on the street, 1025 The Queensway (the Cineplex site), was approved by City Council in June 2025 for ten mixed-use buildings of 18 to 46 storeys and about 4,077 homes. That is a lot of future condo apartments, and very few new townhouses.

For a buyer, this means two things. Townhouses near The Queensway will stay scarce, which tends to support their value. Condo apartments will face more competition from new buildings when you resell. My Queensway development pipeline post lists each site and its status.

Which has held its value better since 2024?

Neither has held up well, but condo apartments fell further. Here is the two-year change in median prices, January–October 2024 to January–October 2026:

• W08 condo apartments: $603,500 to $525,000, down about 13.0%.
• W08 condo townhouses: $832,500 to $747,500, down about 10.2%.
• W08 freehold townhouses: $1,268,450 to $1,140,000, down about 10.1%.
• W07 condo apartments: $635,000 to $584,000, down about 8.0%.

W07’s freehold townhouse median fell more on paper, from $1,411,250 to $1,190,000, but that is based on 16 sales in 2024 and 13 in 2026. That sample is too small to read as a trend.

What does each cost to buy and carry each month?

The price gap grows once you add land transfer tax, the down payment and the mortgage. Inside Toronto you pay both the Ontario land transfer tax and the Toronto municipal land transfer tax, before any first-time buyer rebate.

Source: my arithmetic using TRREB MLS data via REALM (W08 medians, Jan–Oct 2026), Ontario and Toronto land transfer tax rates, and federal minimum down payment rules. Payments assume 80% of the price borrowed at an illustrative 4.5% rate over 25 years. Your rate and fees will differ.

The condo fee is the number that changes the picture. A condo apartment fee covers the building, and a townhouse fee usually covers roofs, private roads and exterior work. A freehold townhouse has no fee, but you pay for your own roof, windows and snow clearing. Compare the full monthly cost, not the price. If the townhouse is a common elements condominium, often called a POTL (parcel of tied land), you own the house and lot but still pay a smaller fee for shared roads or parking. My guide to condo townhouses in Etobicoke explains the three ownership types.

How fast do townhouses and condos sell in Etobicoke?

In W08, both condo types took about the same time to sell in 2026: 38 days on average for condo apartments and 39 days for condo townhouses. Freehold townhouses sold faster, in 17 days on average. Supply tells you more. At the end of October 2026, W08 had 256 condo apartments for sale against about 51 sales a month, roughly five months of supply. It had 35 condo townhouses for sale against about five sales a month, closer to six and a half months. Freehold townhouses had only seven listed.

In the month of October 2026 alone, TRREB reported 54 condo apartment sales in W08 at a median of $522,500, with buyers paying 97% of the asking price on average. There were 10 condo townhouse sales at a median of $667,500, at 99% of asking. W07 had seven condo apartment sales and no townhouse sales that month.

So a condo townhouse is not a quick sale just because there are fewer of them. Buyers in this price range have choice across Etobicoke and Mississauga, and they compare fees closely.

What can you rent each one for?

TRREB’s Q2 2026 rental report (the Q3 report was not yet posted when I checked in November 2026) shows average leased rents in W08 of $2,172 for a one-bedroom condo apartment and $2,828 for a two-bedroom. Condo townhouse rentals in W08 were few, but three-bedroom townhouses leased for an average of $3,428. In W07, two-bedroom condo apartments averaged $2,725.

A townhouse rents for more, but not in proportion to its higher price. If you are buying to rent out, run the numbers on both before you choose. My post on whether an Etobicoke investment condo cash flows walks through the arithmetic.

What should you check before buying a Queensway townhouse or condo?

For any condo apartment or condo townhouse

• The status certificate. The condo corporation must provide it within 10 days and can charge up to $100. It shows the reserve fund, any special assessment and whether the unit owes fees. Have your lawyer review it before your offer is firm.
• The reserve fund study. Corporations must update it at least every three years. A small townhouse complex shares big roof and road costs among fewer owners, so a weak reserve fund hurts more.
• Fee history. Ask how much the fee rose in each of the last few years.

For a townhouse

• Confirm in writing whether it is a standard condo, a POTL or a true freehold.
• Check what is next door on the City’s development map. A low-rise view can change if a tower is approved nearby.
• Count the stairs, especially in a stacked townhouse, if mobility matters to anyone in your household.

For a condo apartment

• Count the listings in the same building. You compete with them when you sell.
• Check which direction the unit faces. South-facing units near the Gardiner hear the expressway and its construction.

Townhouse or condo: who should buy which in 2027?

Pick a condo apartment if you want the lowest entry cost, you are single or a couple without plans for a bigger family soon, you want security and amenities, or you plan to rent it out. With about five months of supply in W08, you can negotiate and take your time.

Pick a condo townhouse if you need three bedrooms, you want your own front door and some outdoor space, and you can carry about $1,000 more a month than an apartment. Townhouses are scarcer, which helps long-term value, but read the reserve fund closely.

Pick a freehold townhouse if you want land, no condo rules and room to renovate, and your budget reaches about $1.1 million or more. At that price you are close to semi-detached and some detached homes in other parts of Etobicoke, so compare those too.

What to do next

1. Decide your true monthly limit, including the condo fee, before you look at listings.
2. Get a mortgage pre-approval so you know your rate and maximum price.
3. Pull the last 12 months of sales in each building or complex you like, not just the district median.
4. Order the status certificate and have a lawyer read it before your offer goes firm.
5. If you own a condo now and want to move up to a townhouse, get a value estimate first so you know what you can carry.

Frequently asked questions

Sources

• TRREB Market Watch, October 2026
• TRREB Rental Market Report, Q2 2026
• City of Toronto Open Data: Neighbourhood Profiles (2021 Census, Stonegate-Queensway)
• City of Toronto: 1025 The Queensway Draft Plan of Subdivision decision report (June 11, 2026)
• Condominium Authority of Ontario: Status certificates
• Condominium Authority of Ontario: What is a reserve fund
• Ontario: Calculating land transfer tax
• City of Toronto: Municipal land transfer tax rates and fees

Related reading

• The Queensway Housing Market in 2027: Condo and House Prices
• Should You Buy a Condo on the Queensway in 2027?
• Selling a Condo on the Queensway in 2027: Pricing and Timing
• Renting on the Queensway in 2027: Condo Rents and Where to Look