7 King St E 501
Church-Yonge Corridor, Downtown Toronto, M5C 3C5
FOR SALE
$950,000
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1 + 1
BEDROOMS2
BATHROOMS1
KITCHENS4 + 1
ROOMSC8224496
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Property Description
Rarely Does A Suite Such As This In The Hottest Area Of The City Become Available. Situated In The Highly Sought After The Metropole Condominiums, Suite 501 Has Been Brilliantly Planned And Executed. Spacious Primary Bedroom Boasts 4Pc Ensuite & Big Sitting Area & A Walk-In Closet. Den Is Huge, Can Be Used As Second Bedroom. 2 Full Bathrooms. Nine Ft. Ceilings And Large East Facing Balcony. Fantastic Building W/24 Hour Concierge And Generous Amenities, Exercise Room, Indoor Pool, Rooftop Garden, And King Street Subway Entrance Right Outside Your Door. All utilities included in the maintenance!!!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-18 | 2024-02-29 | 134 | $930,000 | - | Expired |
| 2020-08-10 | 2020-09-22 | 43 | $2,500 | $2,500 | Leased |
Extras
Existing Kitchen Appliances: Fridge, Stove, Dishwasher, Washer & Dryer. All Light Fixtures.Elfs. One Parking.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
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
Owned (P3)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.01' x 12.01' | Laminate, W/O To 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 1-bedroom 2-bathroom condo listed for sale at $950,000, which is $348,083 (57.8%) higher than the average sold price of $601,917 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,090 (0.2%) compared to the previous 30 day period (February 29 - March 29) and down $26,514 (4.2%) from the same time one year ago.Inventory Change
There were 1,661 1-bedroom condos listed in Downtown Toronto over the last 30 days (March 30 - April 28), which is up 18.6% compared with the previous 30 day period (February 29 - March 29) and up 52.2% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($7,691) (1.3%) below asking price over the last 30 days (March 30 - April 28), which represents a $3,380 increase compared to the previous 30 day period (February 29 - March 29) and ($2,622) 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 (March 30 - April 28) stood at 39.1%, down from 44.8% over the previous 30 days (February 29 - March 29) and down from 75.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 27 days when successfully sold over the last 30 days (March 30 - April 28), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Elite Real Estate
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