700 King St W 405
Niagara, Downtown Toronto, M5V 2Y6
FOR SALE
$695,000
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BEDROOMS1
BATHROOMS1
KITCHENS5
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Property Description
Modern 830 sq ft Open Concept Suite with 10 feet 4 inch High Finished Ceilings. Fantastic 1 + 1 Bedroom Loft in the heart of King St West. Engineered Hardwood Flooring (2022) Parking Space and Locker (4th floor) are included. Rooftop Terrace with stunning views of Toronto. 24 Hour Concierge, Fitness Centre, Party Room, Visitor Parking++ Steps to great Restaurants and Entertainment District. Two Washrooms were converted to One Large Washroom and Two Large Closets. Hallway of building is being renovated.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-10-26 | 2022-10-27 | 1 | $3,000 | $3,000 | Leased |
| 2022-10-13 | 2022-10-27 | 14 | $725,000 | - | Terminated |
| 2022-08-17 | 2022-10-12 | 56 | $739,000 | - | Terminated |
Extras
Amenities on 15th floor. Go to 14th floor and take another elevator to 15th floor.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,990 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 8.20' x 18.04' | Combined W/Dining, Large Window, Hardwood Floor |
| Dining | Flat | 8.86' x 8.86' | Combined W/Living, Hardwood Floor |
| Kitchen | Flat | 8.86' x 8.86' | Breakfast Bar, Double Sink |
| Prim Bdrm | Flat | 10.17' x 14.44' | Hardwood Floor, Ensuite Bath, Mirrored Closet |
| Den | Flat | 6.23' x 14.11' | Ensuite Bath, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
700 King St W 405 is a 2-bedroom 1-bathroom condo listed for sale at $695,000, which is $74,663 (9.7%) lower than the average sold price of $769,663 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $10,296 (1.3%) compared to the previous 30 day period (September 1 - September 30) and down $28,538 (3.6%) from the same time one year ago.Inventory Change
There were 1,340 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 13.0% compared with the previous 30 day period (September 1 - September 30) and up 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,004) (2.5%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,602 decrease compared to the previous 30 day period (September 1 - September 30) and ($16,820) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 1 - October 30) stood at 39.6%, up from 27.3% over the previous 30 days (September 1 - September 30) and up from 33.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 1 - October 30), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Prime Properties - Unique Group
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