705 King St W 402
Niagara, Downtown Toronto, M5V 2W8
FOR SALE
$499,000
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BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
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Property Description
Welcome To Your New Home in the Prestigious Summit Building, Where This Bright and Beautiful 1+Den Condo Features a Spacious Living Area with Additional Den/Solarium Space, A Modern Kitchen, and a Luxurious Bathroom With a Full-Size Bathtub. This Unit is Full of Natural Light and Blends Modern Comfort with Urban Convenience and Has Ample Storage With a Locker-Sized Storage Space to go with Custom Built-Ins in the Primary Bedroom. Centrally Located at King St W and Bathurst, You're Within Walking Distance of the Entertainment District, Trendy Restaurants, Shops, and All The Urban Conveniences You Could Ask For. Don't Miss The Opportunity to Make This Exceptional Condo Your New Home!
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Extras
Amenities Include Center Courtyard, Outdoor Pool, Common BBQ's, Kids Play Area, Indoor Pool, Hot Tub, His and Hers Change Rooms w/ Saunas, 2 Theater Rooms, 4 Squash Courts, 24 Security, Party Room, Games Room,
Nearby Intersections
Weston & 401 (73)
Weston & Lawrence (66)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,232 (2024)
Basement
None
Exterior
Brick
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
705 King St W 402 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $75,082 (13.1%) lower than the average sold price of $574,082 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $7,550 (1.3%) compared to the previous 30 day period (August 18 - September 16) and down $31,821 (5.3%) from the same time one year ago.Inventory Change
There were 1,421 1-bedroom condos listed in Downtown Toronto over the last 30 days (September 17 - October 16), which is down 0.1% compared with the previous 30 day period (August 18 - September 16) and down 11.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($11,521) (2.0%) below asking price over the last 30 days (September 17 - October 16), which represents a $2,255 decrease compared to the previous 30 day period (August 18 - September 16) and ($8,695) 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 (September 17 - October 16) stood at 36.7%, up from 34.9% over the previous 30 days (August 18 - September 16) and up from 26.7% 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 32 days when successfully sold over the last 30 days (September 17 - October 16), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Rare Real Estate
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