Maxium is a mid-rise condo by Equiton Developments at 875 The Queensway, between Islington Avenue and Royal York Road in Etobicoke. The builder’s pitch is that the suites are larger than the Toronto norm and designed to be lived in, not just rented out. Suites start at $479,900 and completion is expected in January 2027.
Testing the “more space” claim
Size is the easiest claim to check. Ask for the floor plans and work out the price per square foot for the suite you like. Then compare it with a recent resale in a nearby building. A larger suite at a similar price per square foot is real value. A larger suite at a higher price per square foot is just a more expensive suite.
Also look at the layout itself. A bedroom with a window, a kitchen you can stand in with the dishwasher open and a living room that fits a sofa and a table matter more than the total number.
A short wait
January 2027 is about three months away. That makes Maxium close to a finished product:
- You can see the actual building and, in many cases, the suite.
- A mortgage rate hold of 90 to 120 days can cover the whole period to occupancy.
- The published deposit was 15 per cent over 720 days. For a purchase this late, ask how the deposit is collected, because the original schedule no longer fits.
Price against resale
The City of Toronto’s average resale condo sold for $651,648 in August 2026. Maxium’s starting price is about $172,000 below that.
The Queensway
The street is a mix of restaurants, shops, a cinema and new mid-rise buildings. The Gardiner Expressway is one minute away, Sherway Gardens about six, and the lakefront parks about seven. Kipling and Mimico GO stations are both around ten minutes by car. There is no subway station within walking distance, so transit riders rely on buses to Line 2.
Questions to ask
- Which suites remain, and what are their exact sizes?
- Has the occupancy date been confirmed in writing?
- What are the maintenance fees and what do they include?
Closing costs at the starting price
Land transfer tax on $479,900 in Toronto is about $12,146, or $3,671 for a first-time buyer after rebates, including Toronto's municipal tax. New homes also carry builder closing adjustments such as development charges, utility connections and Tarion enrolment, which are set out in the agreement and are often capped on request. Have a lawyer review the agreement during the 10-day cooling-off period on a new condominium. The land transfer tax calculator and the HST rebate guide cover the rest.