375 King St W 614
Waterfront Communities C1, Downtown Toronto, M5V 1K5
FOR SALE
$499,000
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Property Description
Welcome to Your New Home at M5V Condos! This Unit is Perfect For First Time Buyers or Investors. Offering Convenient Living in The Heart of Desirable King Street West. This Charming Unit Features Expansive Floor to Ceiling Windows Spanning its Entire Length. West Facing Views Provide Maximum Natural Light. The Massive 64 ft Long Balcony Has City Views and Gas Hookup, Perfect For Summer Entertaining. The Unit Has Been Well Maintained By One Owner For 10 Years. Excellent Building Amenities Include concierge, Newly Reno'd Gym, Outdoor Deck/Garden, Party Room, Guest Suites For Overnight Visitors and Visitor Parking. Note The Low Maintenance Fees! TTC is at Your Doorstep, Walking Distance to Financial & Entertainment Districts, Minutes to Gardiner EXPWY.
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Extras
Seller is Offering All Contents, Including Furniture and Decor Items With The Sale If Desired. Unit Has Been Freshly Painted.
Nearby Intersections
King & Spadina (255)
Front & Spadina (247)
Front & John (189)
Peter & Adelaide (119)
King & Peter (150)
King & John (288)
Queen & Spadina (183)
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,561 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
375 King St W 614 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $67,077 (11.8%) lower than the average sold price of $566,077 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $8,316 (1.4%) compared to the previous 30 day period (July 20 - August 18) and down $49,628 (8.1%) from the same time one year ago.Inventory Change
There were 1,451 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 9.7% compared with the previous 30 day period (July 20 - August 18) and up 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,285) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $81 decrease compared to the previous 30 day period (July 20 - August 18) and ($7,356) 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 19 - September 17) stood at 35.1%, down from 35.4% over the previous 30 days (July 20 - August 18) and down from 36.8% 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 34 days when successfully sold over the last 30 days (August 19 - September 17), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Toronto Lofts Realty Corp.
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