$489,000 - 560 King Street Unit 508, Downtown Toronto
Condo for Sale in Downtown Toronto
80 days on market- MLS Number
- C12941156
- Property Type
- Condo
- Status
- active
- Days on Site
- 80
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- THE AGENCY
Balcony sunsets, rooftop swims, and the best of King West at your doorstep! This refreshed and turnkey one bed, one bath suite in Toronto's Fashion District is your gateway to loft living in an unbeatable location of downtown Toronto. Soaring ceilings with exposed concrete (no noise from your neighbour above) and floor-to-ceiling windows fill the open living space with natural light. The modern kitchen features a gas stovetop and stainless steel appliances, while the balcony offers unobstructed east-facing city views, including the CN Tower -complete with a rare BBQ gas connection for summer entertaining. One storage locker included for. Enjoy your summers on the iconic rooftop pool with sweeping skyline views as well as a fully equipped gym-perfect for staying fit without leaving home (and if you do, Solis Movement is right next door). Step outside and you'll never be bored. King West is packed with great dining, drinks, cafes, and nightlife within minutes on foot. Savour Italian favourites at Gusto 101, small plates and wine at Cibo Wine Bar, Spanish flavours at Beso by Patria, or contemporary comfort at Oretta. Grab morning coffee at Jimmy's Coffee, and enjoy cocktails at Baro, Bar Hop, or Lavelle's rooftop lounge.Casual eats and drinks await at fun-loved spots like King Taps, Earls and Ruby Soho. Weekend strolls through Trinity Bellwoods Park, and concerts or games at Rogers Centre complete the lifestyle. TTC streetcars at your doorstep make exploring the rest of the city effortless. Perfect for young professionals, urban foodies, first-time buyers, or investors seeking a vibrant live-work-play lifestyle in one of Toronto's most walkable and dynamic downtown neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,508.82/mo
Includes CMHC insurance ($13,643)
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.
560 King Street Unit 508, 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
Negotiation Opportunity
At 80 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 0 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.
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.