318 King St E 508
Moss Park, Downtown Toronto, M5A 0C1
FOR SALE
$499,000
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Property Description
Absolutely a must-see! This captivating 1-bedroom unit, facing south, offers not just a home but a lifestyle. Imagine waking up to sun-kissed mornings and vibrant city views. Conveniently located, you have a streetcar right at your doorstep, ensuring seamless connectivity to all Toronto has to offer.Step inside to discover a meticulously maintained space, boasting modern amenities such as a gas range, elevating your quality of living. With loft ceilings, dimmable pot lights, and low maintenance, this property is designed for both comfort and style.Perfect for the urban dweller, commuting anywhere in downtown Toronto is a breeze. Whether it's work or play, you're just moments away.This move-in ready gem is waiting for you! The motivated seller ensures a smooth transition into your new home. Don't miss out on this opportunity to elevate your lifestyle in the heart of the city!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-01 | 2024-07-31 | 91 | $570,000 | - | Expired |
| 2024-05-01 | 2024-06-22 | 52 | $559,000 | - | Suspended |
Extras
24/7 concierge service, ample visitor parking, and a chic party room with a kitchen. Step onto the outdoor terrace lounge or retreat to plush guest suites. High-security ensures peace of mind.
Nearby Intersections
Property Features
Clear View, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
500-599
Taxes
$2,125 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 15.19' x 15.35' | Window Flr to Ceil, South View, Open Concept |
| Kitchen | Flat | 15.19' x 15.35' | Quartz Counter, Led Lighting, Stainless Steel Appl |
| Foyer | Flat | 7.02' x 19.42' | Closet, Combined W/Laundry |
| Br | Flat | 13.78' x 13.78' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
318 King St E 508 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $66,984 (11.8%) lower than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.Inventory Change
There were 1,473 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Atrium Home Realty
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