$999,950 - 650 King Street Unit 314, Downtown Toronto
Condo for Sale in Downtown Toronto
44 days on market- MLS Number
- C13070462
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- ONE PERCENT REALTY LTD.
With over 1,200 sq ft this unit exemplifies boutique living in the heart of King West. A spacious and bright corner unit with 2-bedrooms plus den, 2-full bath that offers a smart, functional layout with generous principal rooms, 9' ft ceilings, floor to ceiling windows, hardwood flooring throughout and an industrial feel highlighted by exposed concrete ceilings. The open-concept kitchen with granite countertops is perfect for entertaining, seamlessly flowing into the living and dining areas and out to a private balcony. The primary bedroom easily fits a king-size bed with plenty of room to spare and features a well-appointed ensuite with ample storage. A second bedroom provides flexibility for guests or family while the oversized den includes a closet and can easily function as a home office or a 3rd bedroom. Located in a sought-after building, enjoy the benefits of quiet, low-density living with rare parking spot. Step outside to Toronto's best restaurants, cafés, nightlife and shopping. Walk to the Financial District, Entertainment District and waterfront with the Gardiner Expressway and transit at your doorstep (TTC and future Ontario Line station right next door) for easy access across the city.
Estimate your monthly payments for this property
Estimated Payment
$5,130.26/mo
Includes CMHC insurance ($27,899)
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.
650 King Street Unit 314, 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 $833/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 44 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,166 (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.