$1,099,900 - 224 King Street Unit 2804, Downtown Toronto
Condo for Sale in Downtown Toronto
77 days on market- MLS Number
- C12939514
- Property Type
- Condo
- Status
- active
- Days on Site
- 77
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX URBAN TORONTO TEAM REALTY INC.
Experience The Pinnacle Of Urban Sophistication At Theatre Park Condos, Ideally Located At 224 King St W In The Heart Of Torontos Vibrant Entertainment District. This Exceptional 985 Sq Ft Corner Suite Features Two Spacious Bedrooms, Soaring 10 Ft Exposed Concrete Ceilings, And Expansive Floor-To-Ceiling Windows That Flood The Unit With Natural Light While Showcasing Breathtaking Southwest Views Of Lake Ontario, Roy Thomson Hall, And David Pecaut Square.The Modern Open-Concept Kitchen Is Perfect For Entertaining, Complete With A Large Island, Sleek Stainless Steel Appliances, And Premium Finishes. Step Out Onto The Private Balcony For Unbeatable City And Lake Views. The Primary Bedroom Offers A Luxurious Ensuite With His-And-Hers Vanities, Adding Both Elegance And Convenience. Included With The Unit Is An Underground Parking Space And A Storage Locker For Added Value And Practicality. Located Just Steps From Top-Rated Restaurants, Theatres, The Financial District, And TTC Access, Theatre Park Delivers The Ultimate Downtown Lifestyle. Don't Miss This Rare Opportunity To Own In One Of Torontos Most Iconic Addresses. 6th Flr Fitness Rm & Lounge W/ W/O To Outdoor Pool. Ground Level Bar & Lounge, 2nd Flr Restaurant + 24Hr Concierge. Tenant Is Willing To Stay Or Leave.
Estimate your monthly payments for this property
Estimated Payment
$4,865.23/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
224 King Street Unit 2804, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1222/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 77 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.