700 King St W 511
Niagara, Downtown Toronto, M5V 2Y6
FOR SALE
$595,000
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Property Description
Welcome to Clock Tower Lofts, a historic landmark in the heart of King West! This iconic building has been transformed into residential lofts, blending its industrial charm with modern updates. The spacious 700+ sq. ft. one-bedroom, one-bathroom unit features soaring 11 ft. ceilings and large windows, filling the space with natural light. Inside, you'll find bamboo-engineered hardwood floors throughout, a sleek modern kitchen with quartz countertops, and an upgraded spa-like ensuite bathroom, along with a bedroom that is spaciously sized to accommodate a king bed. Ideal for entertaining, the building offers a 360-degree rooftop terrace with spectacular city views and Weber BBQs for summer nights. Clock Tower Lofts perfectly combines Toronto's rich history with contemporary living, located steps away from nightlife, restaurants, cafes, the financial district, and TTC access. Enjoy vibrant urban living with character in one of the citys most sought-after loft conversions!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-09-09 | 2020-10-22 | 43 | $1,800 | $1,800 | Leased |
Extras
All Appliances. Large locker located on same floor, bicycle lockers, Guest Suites and Bonus Street Car At Your Door Step!
Nearby Intersections
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,461 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Type
Forced Air
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 | 12.01' x 16.01' | Large Window, Combined W/Kitchen, Hardwood Floor |
| Dining | Flat | 12.01' x 16.01' | East View, Combined W/Living, Hardwood Floor |
| Kitchen | Flat | 7.41' x 16.01' | Quartz Counter, Ceramic Floor, Breakfast Bar |
| Br | Flat | 10.24' x 10.76' | Semi Ensuite, Hardwood Floor, Large Closet |
| Bathroom | Flat | 3.28' x 3.28' | 4 Pc Bath, Ceramic Floor, Glass Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
700 King St W 511 is a 1-bedroom 1-bathroom condo listed for sale at $595,000, which is $24,169 (4.2%) higher than the average sold price of $570,831 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,245 (0.2%) compared to the previous 30 day period (September 23 - October 22) and down $18,306 (3.1%) from the same time one year ago.Inventory Change
There were 1,217 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 23 - November 21), which is down 3.1% compared with the previous 30 day period (September 23 - October 22) and down 5.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,815) (1.7%) below asking price over the last 30 days (October 23 - November 21), which represents a $2,467 increase compared to the previous 30 day period (September 23 - October 22) and ($13,538) 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 1-bedroom condos in Downtown Toronto over the last 30 days (October 23 - November 21) stood at 50.3%, up from 44.5% over the previous 30 days (September 23 - October 22) and up from 34.3% 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 31 days when successfully sold over the last 30 days (October 23 - November 21), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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