705 King St W 1510
Niagara, Downtown Toronto, M5V 2W8
FOR SALE
$399,900
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Property Description
LOCATION! LOCATION! LOCATION! Discover the perfect start with this superb 543 square feet condo, brilliantly designed with an amazing layout and a rare wood-burning fireplace adding a touch of rustic charm. In the vibrant King West neighbourhood, this unit presents a fantastic opportunity for first-time homebuyers or investors, complete with a strong tenant eager to stay if desired. Enjoy the leisure of BBQs, loungers, picnic tables and a lively children's playground, providing a serene escape from the urban hustle. Transit available right outside your door, making commutes and city exploration effortless. The Summits amenities offer a full fitness center, 2 swimming pools, jacuzzi, sauna, yoga room, games room, squash courts , theatre and library. The 24-hour concierge services cater to all your needs. Tenant is month-to-month. Willing to stay, so investors we be getting an awesome +AAA tenant paying great rent. Opportunity awaits!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-09 | 2024-09-09 | 123 | $546,500 | - | Terminated |
| 2019-06-13 | 2019-06-21 | 8 | $399,900 | $467,500 | Sold |
Extras
Wood burning Fireplace
Nearby Intersections
Weston & 401 (57)
Weston & Lawrence (62)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,799 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking 1
Rental
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 14.76' x 14.76' | Fireplace, Laminate, Combined W/Dining |
| Dining | Flat | 7.74' x 7.25' | Granite Counter, Breakfast Bar, Combined W/Living |
| Br | Flat | 7.84' x 8.20' | Window Flr to Ceil, Combined W/Den, B/I Bookcase |
| Bathroom | Flat | 5.35' x 8.23' | 4 Pc Bath, Tile Floor, B/I Vanity |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
705 King St W 1510 is a 0-bedroom 1-bathroom condo listed for sale at $399,900, which is $21,339 (5.1%) lower than the average sold price of $421,239 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto increased by $1,656 (0.4%) compared to the previous 30 day period (July 20 - August 18) and down $33,428 (7.4%) from the same time one year ago.Inventory Change
There were 77 0-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 16.7% compared with the previous 30 day period (July 20 - August 18) and down 9.4% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($2,308) (0.5%) below asking price over the last 30 days (August 19 - September 17), which represents a $13,904 increase compared to the previous 30 day period (July 20 - August 18) and ($8,042) 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 0-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 29.9%, down from 36.4% over the previous 30 days (July 20 - August 18) and down from 32.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 35 days when successfully sold over the last 30 days (August 19 - September 17), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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