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    Toronto / Downtown / King West

    402 - 705 King St W

    For SaleThe Summit II Condos
    $624,900
    1 Bed + 1
    1 Bath
    1 Parking
    700 SQFT
    30 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $592/mth
    Taxes:
    $2,232 (2024)
    Cost Per Sqft:
    $893/sqft
    Locker:
    Ensuite
    Outdoor Space:
    None
    Exposure:
    South East
    Possession Date:
    November 30, 2024
    Laundry:
    Coin Operated
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    Welcome To Your New Home in the Prestigious Summit Building, Where This Bright and Beautiful 1+Den Condo Features a Spacious Living Area with Additional Den/Solarium Space, A Modern Kitchen, and a Luxurious Bathroom With a Full-Size Bathtub. This Unit is Full of Natural Light and Blends Modern Comfort with Urban Convenience. Located at King St W and Bathurst, You're Within Walking Distance of the Entertainment District, Trendy Restaurants, Shops, and All The Urban Conveniences You Could Ask For. Don't Miss The Opportunity to Make This Exceptional Condo Your New Home

    ExtrasAmenities include: Center Courtyard, Outdoor Pool, Common BBQ's, Kids Play Area, Indoor Pool, Hot Tub, His and Hers Change Rooms w/ Saunas, 2 Theater Rooms, 4 Squash Courts, 24hr Security, Party Room, Games Room, Convenience Store & More!

    rare real estateMLS® #C9509402

    Amenities

    Party Room
    Security System
    Visitor Parking
    Outdoor Pool
    Gym Room
    Sauna

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Summit II Condos vs The King West Area

    Building Trends At The Summit II Condos

    Days on Strata

    Units at The Summit II Condos spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    11.7
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    72nd
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit II Condos offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Summit II Condos has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Summit II Condos yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Summit II Condos is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 705 King Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$405,000No Data$550,000 - $635,000No Data$670,000 - $750,000
    Avg. Cost Per Sqft$1,114No Data$810No Data$781
    Avg. Wait for Unit Availability116 Days392 Days44 Days1089 Days174 Days
    Ratio of Units in Building27%7%51%7%10%

    Transactions vs Inventory

    Total number of units listed and sold in King West