$825,000 - 629 King Street Unit 1022, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13202880
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- Enclosed
- Listing Brokerage
- VALERY REAL ESTATE INC.
Welcome to The Thompson Residences, developed by the award-winning Freed Developments. This spacious north-facing 1-bedroom plus large den suite offers two bathrooms and an impressive 837 sq. ft. of interior living space. As you step into the home the stunning kitchen features a custom built breakfast bar island, double thick countertop, and built-in appliances. The space flows seamlessly into the wide, sun-drenched living area, where floor-to-ceiling windows fill the room with natural light. The perfect layout for everyday living and entertaining. The spacious primary bedroom features a walk-in closet with custom California Closets built-ins. The ensuite bathroom features an illuminated vanity mirror and a small laundry room with additional built-in shelving for added storage. The spacious den is ideal for a home office or a comfortable daybed retreat. A renovated second bathroom provides added comfort and convenience for guests. The balcony, with privacy side panels, provides the perfect spot to enjoy your morning coffee or unwind. This soft loft features exposed concrete ceilings in the main living area and bedroom. Additional upgrades include Engineered Hardwood Throughout (2025), Renovated 2nd Bathroom, Custom-built Breakfast Bar, Custom Built California Closets in Walk-In Closet and Laundry Room, Upgraded Light Fixtures Throughout, Hunter Douglas Automatic Blinds, Reverse Osmosis Filtered Water System (Owned, 2024), Painted Throughout (2026) & Outdoor Balcony Tiles. Building amenities include gym, 24-hour concierge service, and convenient visitor parking available within the building. Located in the heart of the vibrant King West, steps from renowned restaurants, cafés, nightlife, transit, and truly the best of downtown living. 1 Parking and 1 Locker included.
Estimate your monthly payments for this property
Estimated Payment
$4,232.68/mo
Includes CMHC insurance ($23,018)
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.
629 King Street Unit 1022, 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 $1031/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 20 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 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 $3,438 (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.