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    1003 - 701 King St W

    For SaleThe Summit Condos
    $520,000
    1 Bed + 1
    1 Bath
    1 Parking
    700 SQFT
    14 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $597/mth
    Taxes:
    $2,253 (2024)
    Cost Per Sqft:
    $743/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    East
    Possession Date:
    30-60 TBD
    Laundry:
    Coin Operated
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Other
    Heat Source
    Other
    Heating
    Heat Pump

    Room Dimensions

    Kitchen
    Quartz Counter, Stainless Steel Appliances, Pass Through
    8.37 x 8.56ft
    Dining
    Combined with Living, Laminate, Open Concept
    16.96 x 11.98ft
    Living
    Combined with Dining, Fireplace, Open Concept
    16.96 x 11.98ft

    About this Listing

    Welcome to your new home! This Large One Bedroom plus Den Condo in King West Downtown Toronto, has been thoroughly renovated to suit modern tastes. Over 700 sqft of beautiful living space in the heart of the city. The Kitchen has Quartz Counters, Stainless Steel Appliances, Bright Cabinetry, and a Large Pass-through perfect for entertaining, with great views of the whole condo. The Living Room has all the room you need to relax in full sized furniture and has a Real Woodburning Fireplace, to add even more charm and ambience to the winter evenings. The Den/Solarium is Open Concept and can be used as a 2nd Sleeping Area, Work from Home space, or even as a larger Dining Area. The Bedroom is East Facing, can fit a King-Sized Bed and has Lovely Closet Organizers. The 3 Pc Bathroom has slick Slate and White aesthetic. And don't forget all the storage inside the unit. Perfectly located in the heart of King West, you have everything you could ask for, just steps away. Nightlife, Restaurants, Art, Public Transit, Theater District, Scotiabank Center, Rogers Center, the Harbourfront, Fort York, CNE Grounds and the Fashion District. This is Downtown Living at its best! And the building itself boasts an Indoor and Outdoor pool, 4 Squash courts, 2 theater rooms, Salon, and a Gym ( with free classes!) and 24 hr Security.... But the real cachet of this building Is the courtyard and garden. It is a true jewel in the heart of Toronto and this sense of community here is amazing. Book your own private tour.

    ExtrasAmenities 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, Convenience Store and more!

    keller williams referred urban realtyMLS® #C11887807


    Amenities

    Party Room
    Sauna
    Rec Room
    Gym Room
    Security System
    Visitor Parking

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    The Summit Condos vs The King West Area

    Days on Strata

    Units at The Summit Condos spend an average of
    24
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    13.2
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    76th
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit Condos offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Summit Condos has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Summit Condos yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Summit Condos is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 701 King Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$593,000$669,000 - $675,000No Data$730,000 - $815,000
    Avg. Cost Per Sqft$736$853No Data$701
    Avg. Wait for Unit Availability3029 Days97 Days303 Days86 Days
    Ratio of Units in Building5%34%16%47%

    Transactions vs Inventory

    Total number of units listed and sold in King West