700 King St W 604
Niagara, Downtown Toronto, M5V 2Y6
FOR SALE
$630,000
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Property Description
Welcome to the legendary Clock Tower located in the heart of bustling King West. Steps to the future Ontario Subway line Bathurst station. Close to the entertainment district, the financial district, lake Ontario, sports centers, schools/universities, hospitals and more. A 2bed unit at 688sf- very practical layout with affordable price allows many potentials to upgrade to your style. The unit also comes with a convenient, large locker located on the same floor. Well maintained building at low condo fees, with amenities including a 24/7 Concierge, fitness room, a freight elevator for easy move-in, a rooftop with 360 views of downtown Toronto. This building is highly regarded as having some of the best service & management in the city.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-04-30 | 2023-05-24 | 24 | $2,550 | $2,550 | Leased |
| 2023-03-01 | 2023-04-30 | 59 | $2,700 | - | Suspended |
| 2022-09-22 | 2022-10-07 | 15 | $2,700 | $2,700 | Leased |
| 2018-11-26 | 2018-12-04 | 8 | $489,000 | $550,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,205 (2023)
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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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.09' x 14.11' | Combined W/Kitchen, Hardwood Floor, Large Window |
| Br | Main | 8.89' x 10.79' | |
| 2nd Br | Main | 6.99' x 10.79' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
700 King St W 604 is a 2-bedroom 1-bathroom condo listed for sale at $630,000, which is $213,102 (25.3%) lower than the average sold price of $843,102 in the last 30 days (May 26 - June 24). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $8,204 (1.0%) compared to the previous 30 day period (April 26 - May 25) and up $7,966 (1.0%) from the same time one year ago.Inventory Change
There were 1,558 2-bedroom condos listed in Downtown Toronto over the last 30 days (May 26 - June 24), which is down 0.8% compared with the previous 30 day period (April 26 - May 25) and up 15.4% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,686) (1.9%) below asking price over the last 30 days (May 26 - June 24), which represents a $759 increase compared to the previous 30 day period (April 26 - May 25) and ($2,425) 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 (May 26 - June 24) stood at 35.4%, down from 36.8% over the previous 30 days (April 26 - May 25) and down from 58.7% 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 24 days when successfully sold over the last 30 days (May 26 - June 24), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Aimhome Realty Inc.
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