Loggia vs Loggia II: 1040 or 1050 The Queensway?

Published 30 August 2026 · Jatin Dua, Broker of Record, RE/MAX Quantum Realty

Side by side

The thing most people get wrong

Because they look like a pair, buyers assume shared amenities and shared costs. They do not share. Each building has its own condominium corporation, its own board, its own reserve fund and its own indoor pool.

Practically: a special assessment at one has nothing to do with the other. Reserve fund health can differ. Maintenance fees can drift apart over time even though the buildings are twins. If you are comparing a suite in each, you must read both status certificates — the numbers from one tell you nothing about the other.

Density: 174 over ten floors versus 142 over nine

That works out to roughly 17 suites per floor at Loggia and roughly 16 at Loggia II. Close enough that it will not change your daily life. This is not a case where one is meaningfully quieter than the other.

The real difference is scale of the corporation. A 142-unit building spreads major repairs across fewer owners than a 174-unit one. On a big-ticket item — garage membrane, elevators, pool mechanical — the per-unit share is higher in the smaller building. That is a genuine consideration on two buildings now approaching twenty years old.

What I would ask about both

• Reserve fund study date and funding level. Buildings from 2008 are entering the window where garage, roof and mechanical work comes due.
• Any special assessment in the last five years, and any planned.
• What the fee actually covers, and whether hydro and water are separately metered. On this corridor they usually are.
• Pool status. Two pools between two small corporations is a lot of mechanical to maintain. Ask whether either has been out of service and why.

My read

There is no clear winner here, and anyone telling you one is definitively better is guessing. Choose on the specific suite, the specific view, and — most of all — on which status certificate reads better. Two buildings this similar are decided by their finances, not their floor plans.

How to compare two buildings properly

Two phases of one development are not automatically one thing. Separate phases are frequently separate condominium corporations with their own budgets, reserve funds, boards and rules, and the fee in one tells you little about the fee in the other. Establish which corporation each unit belongs to before you compare anything.

Buyers comparing two buildings on the same street almost always compare the wrong things — lobby finishes, amenity lists and the headline maintenance fee. None of those decide whether the purchase works out. Six things do.

1. The reserve fund against the age of the corporation. Both of these buildings are young enough that the fund is still accumulating and the budget has not been tested by a full operating cycle. Ask whether the first reserve fund study update has happened and what it did to the required contribution.
2. What each fee includes, and what is separately metered. Add your own estimated utility bills to whichever excludes them before comparing. Then divide by real usable square footage rather than the marketing number.
3. Three years of fee history for each. A young building whose fees have already jumped twice is telling you something the current number is not.
4. Whether the corporation is party to litigation. Construction deficiency claims are not unusual in newer corporations and they affect both fees and lender appetite.
5. Parking and locker ownership form. An owned unit, an exclusive-use common element, or a rental — only the first two convey with the sale.
6. What is proposed on the adjacent parcels. The corridor is still developing. The City of Toronto’s development application records are public, and a view or a quiet aspect that a filed application would remove is not something to pay for today.

And then the unit, not the building

Once the corporations are understood, the remaining variables are unit-level and they are the ones that move price most: exposure, floor, whether the outlook is protected, layout efficiency and whether every bedroom has a real exterior window, balcony depth, and where the unit sits relative to the elevators and the garbage chute. Two units with the same floor plan in the same building can differ substantially on these alone.

The status certificate answers the corporation questions definitively and the fee for it is capped at $100 including taxes under the Condominium Act, 1998. Order one for whichever building you choose, and have a lawyer read it — with ten to fifteen business days on the condition, because the corporation has statutory time to produce it.

Frequently asked questions

Sources

• City of Toronto — Planning and Development — current and proposed development along The Queensway corridor. Accessed 10 September 2026.
• Toronto Transit Commission — surface routes serving The Queensway and connections to Line 2. Accessed 10 September 2026.
• TRREB Market Watch, August 2026 — the Etobicoke average sale price of $1,049,793 across 243 sales. Accessed 10 September 2026.
• Condominium Act, 1998 — status certificates and the prescribed fee cap, reserve funds and reserve fund studies. Accessed 10 September 2026.

Related reading

• Loggia Condos, 1040 The Queensway — the full building guide
• Loggia II, 1050 The Queensway — the full building guide
• Reserve funds and special assessments explained
• How to compare Etobicoke maintenance fees

Building specifications from the City of Toronto planning record, condominium registrations and developers’ published material — believed accurate but not guaranteed. Verify everything against the status certificate and disclosure statement before you sign. Not intended to solicit buyers or sellers under contract with another brokerage. E.&O.E.