$670,000 - 700 King Street Unit 801, Downtown Toronto
Condo for Sale in Downtown Toronto
56 days on market- MLS Number
- C13023004
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
This is it - your opportunity to own a true loft in the heart of King West for a steal of a price! One of the largest units in the building at 925 sq ft, located on a high floor, with soaring 11.5 ft ceilings. A rare opportunity at this price point - come experience true open-concept living in this spacious 2-bed, 2-bath suite at one of Toronto's most iconic loft conversions - The Clocktower Lofts. This unit has been freshly painted and is is brimming with potential. The industrial-chic vibe is complemented by oversized warehouse windows, sliding bedroom doors and a beautiful, custom-built floor-to-ceiling bookcase, making it the perfect space for both relaxed living and stylish entertaining. Both bedrooms are generously sized and offer built-in closets, with the primary bedroom including a spacious 4-piece ensuite bathroom. The unit comes with a convenient, large locker located on the same floor in a room directly beside the front door. Moving in will be a snap with the service elevator being located directly across from the apartment entrance. Enjoy the convenience of exclusive building amenities, including a 24/7 Concierge, gym, and a rooftop w/ 360 views of downtown. This building is highly regarded as having some of the best service and management in the city. And if that isn't enough, the upcoming Ontario Line will bring a brand-new subway station to King and Bathurst, just steps from your front door - offering faster, more direct access to the entire city. Whether you're a homeowner or investor, this new transit hub boosts long-term value and lifestyle convenience. Located in the heart of King West, you're steps from the best restaurants, cafés, shops, and nightlife Toronto has to offer, with easy access to transit and the downtown core. Don't miss your chance to own a piece of Toronto loft history with size, character, and location all in one. Strategically priced for today's buyer.
Estimate your monthly payments for this property
Estimated Payment
$3,437.45/mo
Includes CMHC insurance ($18,693)
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.
700 King Street Unit 801, 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
Competitive Pricing
At $744/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 56 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 900 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 $2,792 (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.