781 King St W 406
Niagara, Downtown Toronto, M5V 1N4
FOR SALE
$1,289,000
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Property Description
Large hard loft alert in the heart of Toronto's Fashion District! Featured as home of the week in The Globe & Mail this impressive, rarely available, approximately 1430 square foot unit in the iconic Gotham Lofts building does not disappoint. The rich history of this building that used to be a harness factory is immediately apparent from the moment you arrive. Be sure to admire the beautifully restored facade before entering through the restored double doors with arched glass transom to the elegant, renovated Art Deco style lobby and elevators. Suite 406 is distinguished by post &beam exposed wood, girthy timber columns, soaring ceilings with cedar slats, massive windows & original 1917 exposed yellow brick. Unique Live/Work zoning allows for some commercial uses in this stunning space. A generous foyer complete with a front hall closet welcomes you to the versatile open concept living and dining space awash with natural light and flanked by 2 large split bedrooms, each with a spa-like ensuite bathroom. Plus a den with a door! Huge chef's kitchen with sleek quartz counters, custom backsplash, a breakfast bar and new stainless steel appliances. Hardwood floors, freshly painted, and equipped with extensive storage and closets throughout. Dramatic east facing windows overlook a landscaped courtyard. 2owned parking spots underground. Amenities include visitor parking, bike storage, well equipped exercise room, meeting rooms, and a convenient freight elevator for larger items. This loft is the full package - an entertainer's delight full of character and comfort situated in a superb location & a quiet building. Walk score of 99, transit score of 95.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-12-16 | 2024-12-27 | 11 | $1,289,000 | - | Terminated |
| 2024-10-03 | 2024-12-16 | 74 | $1,389,000 | - | Terminated |
Nearby Intersections
King & Bathurst (314)
Bathurst & Lakeshore (212)
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Property Details
Street
Community
City
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
1400-1599
Taxes
$5,551 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 13.58' x 14.24' | Hardwood Floor, Large Window |
| Dining | Flat | 13.42' x 12.30' | Hardwood Floor, Large Window |
| Kitchen | Flat | 11.58' x 14.04' | Stainless Steel Appl, Stone Counter |
| Prim Bdrm | Flat | 15.06' x 11.75' | 4 Pc Ensuite, His/Hers Closets, Double Sink |
| 2nd Br | Flat | 16.77' x 12.93' | 4 Pc Ensuite, His/Hers Closets |
| Den | Flat | 8.60' x 5.02' | Hardwood Floor |
| Foyer | Flat | 8.60' x 7.64' | Closet, Wall Sconce Lighting |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
781 King St W 406 is a 2-bedroom 2-bathroom condo listed for sale at $1,289,000, which is $532,399 (70.4%) higher than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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