$529,900 - 478 King Street Unit 412, Downtown Toronto
New Construction for Sale in Downtown Toronto
46 days on market- MLS Number
- C13062174
- Property Type
- New Construction
- Status
- active
- Days on Site
- 46
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX CONDOS PLUS CORPORATION
Beautiful and bright south facing one bedroom/one bathroom corner unit at Victory Condominiums a boutique 12 story loft style building nestled in vibrant King West location downtown Toronto. Meticulously maintained by the original owner and great sense of space with no cumbersome structural pillars in the unit to obstruct flow and diminish functionality. Floor to ceiling windows, modern kitchen with built in appliances, granite counters, wood flooring and high concrete ceilings. Bedroom has large closet and private rustic wooden loft style sliding barn door. Step out onto the huge 156 square foot sun drenched private covered balcony facing the inner courtyard and set back from the street to enjoy tranquil morning coffee, intimate dinners or cocktails with friends. Enter the private entrance and 24/7 concierge greets your guests in stunning modern lobby. Enjoy the luxury 2nd floor amenities like gym, party room, patio, theatre and guest suite that add to the appeal of this property. Step out the front door to award winning renowned restaurants and shopping of King & Queen West and 24 hour transit. Entertainment & Financial districts and The Well all in close proximity. Be part of the excitement as TIFF takes over King West early September. Easy access to Martin Goodman Trail, Billy Bishop Island Airport, Gardiner and Lake Shore highways. *** Investors can purchase fully furnished at additional package price or first time buyer/end user can purchase any furnishings separately to maintain the beautiful and functional living space created by the current owner.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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 412, 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 30+ years of GTA real estate experience
Fair Market Value
At $1060/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 46 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 500 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 $2,208 (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.