$725,000

$749,000For salePrice drop↓ $24,000 (3%)

#1022 629 King Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1022 629 King Street West, Toronto (Waterfront Communities), Ontario, M5V0G9

2 beds2 baths1 parking850 ft²$946/mo condo feeListed 23 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 23 days, fresher than the Toronto average of 57 days.

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Description

Welcome to The Thompson Residences, developed by the award-winning Freed Developments. Directly across the street from the future Ontario Line station at King St. W. & Bathurst St., offering exceptional future transit convenience. This spacious north-facing 1-bedroom plus large den suite offers two bathrooms and an impressive 837 sq. ft. of interior living space. As you step into the home the stunning kitchen features a custom built breakfast bar island, double thick countertop, and built-in appliances. The space flows seamlessly into the wide, sun-drenched living area, where floor-to-ceiling windows fill the room with natural light. The perfect layout for everyday living and entertaining. The spacious primary bedroom features a walk-in closet with custom California Closets built-ins. The ensuite bathroom features an illuminated vanity mirror and a small laundry room with additional built-in shelving for added storage. The spacious den is ideal for a home office or a comfortable daybed retreat. A renovated second bathroom provides added comfort and convenience for guests. The balcony, with privacy side panels, provides the perfect spot to enjoy your morning coffee or unwind. This soft loft features exposed concrete ceilings in the main living area and bedroom. Additional upgrades include Engineered Hardwood Throughout (2025), Renovated 2nd Bathroom, Custom-built Breakfast Bar, Custom Built California Closets in Walk-In Closet and Laundry Room, Upgraded Light Fixtures Throughout, Hunter Douglas Automatic Blinds, Reverse Osmosis Filtered Water System (Owned, 2024), Painted Throughout (2026) & Outdoor Balcony Tiles. Building amenities include gym, 24-hour concierge service, and convenient visitor parking available within the building. Located in the heart of the vibrant King West, steps from renowned restaurants, cafes, nightlife, transit, and truly the best of downtown living. 1 Parking and 1 Locker included. (id:66096)

Property Details

MLS®: C14029592
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $946/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $4,690/yr
Listed: 23 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Hood Fan
Exterior: Aluminum siding
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$853

List price

$725K

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 2-bed single family in Toronto (Waterfront Communities) has been listed for 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by VALERY REAL ESTATE INC. · LOUIE DI BENEDETTO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $725,000, about 8.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $141,618 (20% down, 25-yr amortization, stress-tested) — roughly 56% 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)

$725,000· $853/ft²

For sale

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Full Cost Breakdown

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Down Payment6.55% · $47,500.00

Min 6.55%50%

Mortgage payment$3,756/mo

↳ CMHC premium ($27,100 capitalized)

Property tax (est.)$391/mo

Condo fee$946/mo

Total monthly$5,093

Cash Needed to Close

Down payment (6.55%)$47,500

Land transfer tax$21,950

Est. closing costs$4,675

Total cash needed$74,125

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