$988,000

For sale

#1403 224 King Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1403 224 King Street West, Toronto (Waterfront Communities), Ontario, M5H0A6

2 beds2 baths1 parking950 ft²$932/mo condo feeListed 14 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. It has been on the market 14 days, fresher than the Toronto average of 57 days.

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Description

Welcome To 224 King St W, Unit 1403, An Upgraded 2-Bedroom, 2-Bathroom Corner Suite In The Heart Of Downtown Toronto! Over $10K of Recent Upgrades Include Fresh Paint, New Engineered Hardwood Flooring Throughout, Baseboards, Light Fixtures, And Mirrors in Two Bathrooms. This Inviting Home Features An Open-Concept Layout With Soaring 9-Foot Ceilings And Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Spacious Living And Dining Areas Flow Seamlessly Into The Modern Kitchen, Complete With Stainless Steel Appliances And A Centre Island That Doubles As A Breakfast Bar. The Primary Bedroom Offers A Generous Walk-In Closet With An Organizer And A Private 4-Piece Ensuite. Enjoy An Impressive Selection Of Amenities, Including An Outdoor Pool, Fitness Centre, Party/Meeting Room, 24-Hour Concierge Service, And More. Unbeatable Downtown Convenience Puts You Steps From St. Andrew And Union Subway Stations, David Pecaut Square, Parks, Grocery Stores, And A Fantastic Variety Of Dining Options. With Easy Access To The Gardiner Expressway, This Exceptional Urban Residence Offers The Perfect Blend Of Comfort, Style, And Convenience! (id:66096)

Property Details

MLS®: C14102728
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $932/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,037/yr
Listed: 14 days ago

Rooms

Main level

Living room: 7.44 x 3.69 meters
Dining room: 7.44 x 3.69 meters
Kitchen: 7.44 x 3.69 meters
Bedroom: 3.99 x 3.44 meters
Bedroom 2: 3.51 x 2.47 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Microwave, Cooktop, Hood Fan
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,041

List price

$988K

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 14 days, which is 43 days fresher than the city average of 57. Act while there is still low competition.

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Listed by BAY STREET INTEGRITY REALTY INC. · TRUMAN CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $988,000, about 11.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $192,991 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.

Median household income: $90,000
Population: 3,248
Median age: 31.4
Owner / renter: 36% / 64%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5H)

$988,000· $1,041/ft²

For sale

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Full Cost Breakdown

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Down Payment7.47% · $73,800

Min 7.47%50%

Mortgage payment$5,068/mo

↳ CMHC premium ($36,568 capitalized)

Property tax (est.)$420/mo

Condo fee$932/mo

Total monthly$6,420

Cash Needed to Close

Down payment (7.47%)$73,800

Land transfer tax$32,470

Est. closing costs$5,464

Total cash needed$111,734

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