725 King St 901
Niagara, Downtown Toronto, M5V 2W9
FOR SALE
$585,000
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Property Description
Welcome to The Summit, one of King Wests most sought-after condo residences! This spacious and stylish 1-bedroom + den unit in the heart of downtown Toronto offers the perfect blend of modern upgrades, natural light, and functional living space. Unit 901 features floor-to-ceiling windows that flood the unit with natural light, creating an airy and inviting atmosphere. The integrated solarium expands the open-concept layout, providing versatile space for entertaining or a dedicated work-from-home area. The renovated kitchen features a quartz waterfall countertop, sleek cabinetry, and ample storage perfect for cooking and hosting. The upgraded bathroom and tile add a contemporary touch, making this unit completely move-in ready.Beyond the unit, The Summit offers top-tier amenities, including an indoor and outdoor pool, fitness center, theatre room, and 24-hour security. Located in vibrant King West, you're steps from the best restaurants, bars, and shops, with easy access to TTC, parks, and the waterfront.*EXTRAS* Transit score is 100, walk score is 97!.
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Nearby Intersections
King & Bathurst (274)
Bathurst & Lakeshore (183)
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,267 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 6.76' x 8.53' | |
| Living | Flat | 11.84' x 15.49' | |
| Br | Flat | 9.45' x 14.21' | |
| Den | Flat | 7.84' x 10.83' | |
| Bathroom | Flat | 5.51' x 9.19' | 4 Pc Bath |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
725 King St 901 is a 1-bedroom 1-bathroom condo listed for sale at $585,000, which is $27,890 (5.0%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Forest Hill Real Estate Inc.
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