$583,000

For sale

#1004 560 King Street, Toronto (Waterfront Communities) - Single Family for Sale

#1004 560 King Street, Toronto (Waterfront Communities), Ontario, M5V1M3

1 bed1 bath0 parking$409/mo condo feeListed 291 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $583,000, it is attractively priced about 7% below the $629,900 median asking price in Toronto.

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Description

10th Floor Fashion House - 1 Bedroom "Soft Loft" in the Heart of Central King West. Look up at the "10 ft Ceilings" and feel the difference that extra 2 ft makes. Form and function work in harmony in this Popular Loft. Yes, you really feel the 18 ft width of wall to wall,floor to ceiling Windows, which open to you're own outdoor living space that you can enjoy relaxing and entertaining on. Bright, open concept, living and dining rooms ,practically layed out and accented with hardwood floors (throughout the Loft). A Generous Primary Bedroom has a Double closet,Queen bed sized and frosted 9 ft tall sliding doors. Sleek kitchen design includes "Cooking With Gas", Stainless steel appliances ."Roomy Stylish Bathroom" frameless glass shower-ample space. Oh.. and yes, simply one of the best outdoor Summer Pools/Gyms in the city. At 560 King you have every amenity in the City, anyone needs, right at your door. **EXTRAS** Amenities Include, Security System & Concierge, 9th Floor Rooftop Infinity Pool,Cabanas,Terrace,Party Room And Gym. TTC, St Andrews Park,Dog Park, Grocerys,incl.Loblaws,Torontos best restaurants, cafes etc.. (id:66096)

Property Details

MLS®: C12707768
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $409/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,172/yr
Listed: 291 days ago

Features

Appliances: Window Coverings
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

291d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$583K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Toronto (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RARE REAL ESTATE · SAMUEL GALLOWAY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $583,000, about 6.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $113,880 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$583,000

For sale

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Full Cost Breakdown

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Down Payment5.71% · $33,300

Min 5.71%50%

Mortgage payment$3,048/mo

↳ CMHC premium ($21,988 capitalized)

Property tax (est.)$181/mo

Condo fee$409/mo

Total monthly$3,637

Cash Needed to Close

Down payment (5.71%)$33,300

Land transfer tax$16,270

Est. closing costs$4,249

Total cash needed$53,819

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