$549,990 - 478 King Street Unit 406, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13219776
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- IQI GLOBAL REAL ESTATE
A rare find in King West: approximately 660 sq.ft. of thoughtfully designed living space, complete with parking and locker.In a downtown market where many 1-bedroom condos feel increasingly compact, this bright south-facing end suite stands out for its size, functionality, and natural light. Floor-to-ceiling windows bring sunlight throughout the day and frame views of the CN Tower, while the end-unit position offers an added sense of privacy.The open-concept layout is designed for real everyday living, with generous living and dining areas, a functional kitchen with centre island, and 9-foot exposed concrete ceilings that add character and loft-inspired appeal. Whether you're working from home, entertaining friends, or simply enjoying a quieter evening in, the space feels comfortable, efficient, and larger than its square footage suggests.Parking and locker are included - a combination that has become increasingly difficult to find in downtown Toronto and one that continues to add meaningful value and convenience.Located in Victory Condos, a boutique building at the centre of King West, you'll enjoy easy access to The Well, the Financial District, Rogers Centre, the waterfront, TTC transit, restaurants, cafés, and everyday essentials. Many of downtown Toronto's best destinations are within walking distance, making it easy to leave the car parked and enjoy the neighbourhood.For buyers looking for more space, more functionality, and more long-term value than the typical downtown 1-bedroom, this is an opportunity worth seeing.
Estimate your monthly payments for this property
Estimated Payment
$2,821.73/mo
Includes CMHC insurance ($15,345)
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.
478 King Street Unit 406, 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 $917/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 18 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 600 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 $2,292 (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.