$598,000 - 375 King Street Unit 2805, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13145932
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- PSR
Welcome to the luxurious M5V, known for its collection of architectural, ecological, and design awards. This soft loft suite lives up to those accolades with its luminosity, spaciousness and impressive layout, complemented by its soaring 9-ft exposed concrete ceilings, full-frame windows, and engineered hardwood flooring throughout. If you love to host and entertain, stop reading now and call your realtor. The upgraded Scavolini kitchen, generous dining area, and expansive east-facing terrace with a natural gas BBQ connection are calling your name. Invite everyone and get your grill on year-round! The oversized den is a true flex space. The perfect place for quietude and quality conversations; a very large second bedroom; a sizable home gym; or, a creative studio. Worthy of your four-season wardrobe, the open and airy foyer features two entrance closets - one standard and one walk-in. The primary bedroom offers another walk-in closet, while a separate locker provides additional storage. Amenities include: 24/7 concierge, an airy gym (free weights, cardio, Peloton studio), party room, games room (billiards, table tennis), theatre room, BBQ rooftop terrace, bike storage, guest parking, and a guest suite. This coveted King West address puts you at the epicentre of Toronto's premier dining, shopping and entertainment venues. Soak in the cultural offerings at Scotia Arena, Rogers Centre, TIFF Lightbox, Princess of Wales Theatre, Royal Alexandra Theatre, and Roy Thomson Hall. Savour top-tier cuisine at Alo, Buca, Bar Hop, Baro, Patria, Beso, Pai, Myth, Mott 32, Jacobs, and the Waterworks Food Hall. Shop boutique and flagship selections at The Well, Eaton Centre, PATH Underground, Brookfield Place, and West Queen West. And this is just scratching the surface. Get anywhere with ease. The King express streetcar is seconds away, St Andrew subway is a 10 min walk, and the Gardiner is 5m around the corner. It's time to make your move.
Estimate your monthly payments for this property
Estimated Payment
$3,068.05/mo
Includes CMHC insurance ($16,684)
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.
375 King Street Unit 2805, 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
Fair Market Value
At $854/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 700 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 $2,492 (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.