7 King St E 501
Church-Yonge Corridor, Downtown Toronto, M5C 3C5
FOR SALE
$799,900
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BEDROOMS2
BATHROOMS1
KITCHENS4 + 1
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Property Description
Introducing a stunning new listing in the heart of the Financial District: this spacious 1,000 sq. ft. residence features two generously sized bedrooms and two beautifully appointed bathrooms. Perfectly situated to offer both convenience and luxury, this property combines modern design with ample living space, making it an ideal urban retreat. Experience vibrant city living with all the comforts of home in this exquisite Financial District gem.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-10 | 2024-12-09 | 61 | $799,900 | - | Expired |
| 2024-09-04 | 2024-10-12 | 38 | $899,000 | - | Terminated |
| 2024-05-07 | 2024-07-08 | 62 | $900,000 | - | Expired |
| 2024-04-11 | 2024-05-04 | 23 | $950,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$3,491 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.01' x 12.01' | Laminate, Balcony, Large Window |
| Dining | Main | 8.99' x 9.51' | Combined W/Living, Laminate, Open Concept |
| Kitchen | Main | 6.00' x 10.01' | Tile Floor |
| Prim Bdrm | Main | 12.24' x 19.00' | W/I Closet, Laminate, Combined W/Sitting |
| Den | Main | 8.23' x 13.25' | Laminate, Separate Rm, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
7 King St E 501 is a 2-bedroom 2-bathroom condo listed for sale at $799,900, which is $40,026 (5.3%) higher than the average sold price of $759,874 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $5,140 (0.7%) compared to the previous 30 day period (October 18 - November 16) and down $46,119 (5.7%) from the same time one year ago.Inventory Change
There were 809 2-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 34.9% compared with the previous 30 day period (October 18 - November 16) and up 15.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($17,893) (2.4%) below asking price over the last 30 days (November 17 - December 16), which represents a $2,039 increase compared to the previous 30 day period (October 18 - November 16) and ($25,154) more 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 2-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 57.7%, up from 45.8% over the previous 30 days (October 18 - November 16) and up from 54.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 37 days when successfully sold over the last 30 days (November 17 - December 16), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Citibloc Realty
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