$489,000 - 705 King Street Unit 1203, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13170986
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to The Summit at 705 King St West, a bright and spacious 746 sq ft 1+1 bedroom condo on an upper-floor, offering more living space than many condos built today and ideally located in a quieter part of King West, just west of Bathurst. Featuring an oversized bedroom and a versatile den with floor-to-ceiling windows that can be used as a guest bedroom or office, along with unobstructed views, brand new kitchen countertops, and no carpet throughout, this thoughtfully maintained suite offers a functional and inviting layout in one of downtown Toronto's most desirable neighbourhoods. Enjoy the convenience of a 24-hour King Street streetcar just steps from your door and the future Ontario Line subway already in the works nearby. The building offers true resort-style living with outstanding amenities including an indoor pool, sauna, gym, squash courts, theatre, visitor parking, guest suites, and more. A beautifully landscaped outdoor area surrounded by lush green space and mature trees, with lounge seating, an outdoor pool, and BBQ facilities, provides the perfect setting to unwind from the energy of the city and entertain guests. Enjoy added peace of mind with 24-hour building security, controlled access, professional management, and concierge service. Additional features include an ensuite locker and same-floor laundry.A grocery store is conveniently located on the main floor of the building, and you are surrounded by the best of King West and Queen West dining, shopping, and entertainment, including The Well, nearby bike paths, and the vibrant residential neighbourhoods to the north. Easy commuting in and out of the city is simple via Lakeshore Boulevard and the Gardiner Expressway.
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.
705 King Street Unit 1203, 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 $699/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.
Market Position
At 21 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 700 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.