705 King St W 402
Niagara, Downtown Toronto, M5V 2W8
FOR SALE
$624,900
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSC9509402
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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. 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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-15 | 2024-10-24 | 9 | $499,000 | - | Terminated |
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, 24hr Security, Party Room, Games Room, Convenience Store & More!
Nearby Intersections
Weston & 401 (60)
Weston & Lawrence (50)
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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 $624,900, which is $55,664 (9.8%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Rare Real Estate
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