$899,800 - 438 King Street Unit 1405, Downtown Toronto
New Construction for Sale in Downtown Toronto
49 days on market- MLS Number
- C12701956
- Property Type
- New Construction
- Status
- active
- Days on Site
- 49
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Sunset lovers, this one is for you! This rare 2 bed, 2 bath corner suite is one of only two in the building, featuring a coveted uncovered West facing terrace with glass railings. A smart split bedroom layout showcases 9ft floor to ceiling windows, upgraded flooring, accent lighting, refreshed kitchen cabinetry, and window coverings. Seamless indoor outdoor living, endless light, and dramatic west views define this standout home. All utilities included, plus 1 underground parking and 1 locker. A rare chance to own the iconic Stan Getz layout bold, bright, and beautifully positioned. Located in a highly walkable downtown neighbourhood with excellent school options: Ogden Junior Public School (JK-6) and Ryerson Community School (JK-8), with access to strong French and secondary school options such as ÉÉ Gabrielle-Roy and Harbord Collegiate Institute. Steps to multiple parks, recreation facilities, and TTC streetcar access, with St. Andrew subway station nearby , hospitals, police, fire services , coffee shops, and restaurants, all within close proximity.
Estimate your monthly payments for this property
Estimated Payment
$4,616.44/mo
Includes CMHC insurance ($25,104)
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.
438 King Street Unit 1405, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 25+ years of GTA real estate experience
Fair Market Value
At $1125/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.
Negotiation Opportunity
At 49 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.
Efficient Living
At 800 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 $3,749 (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.