$569,888

For sale

#221 775 King Street West, Toronto (Niagara) - Single Family for Sale

#221 775 King Street West, Toronto (Niagara), Ontario, M5V2K3

1 bed1 bath1 parking650 ft²$463/mo condo feeListed 34 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $569,888, it is attractively priced about 9% below the $625,000 median asking price in Toronto. It has been on the market 34 days, fresher than the Toronto average of 48 days.

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Description

Busy professional by day, homebody by night, city enthusiast on weekends: this rarely found two-storey, one-bedroom condo at 775 King St W fits all three. Its 682 sq. ft. layout is flooded with natural light by a two-storey floor-to-ceiling window, and the open living, dining, and kitchen space flows to a balcony where electric BBQs are permitted. The private bedroom level upstairs is a quiet retreat after a long workday. The LEED-certified, energy-efficient building comes with incredibly low maintenance fees, so it's easy to own as well as live in. The King streetcar makes the commute to the Financial District simple, and the restaurants, cafés, shops, and nightlife of King West and Queen West, plus Trinity Bellwoods Park and Stackt Market, are all close by. (id:66096)

Property Details

MLS®: C13857756
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Storeys: 2
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $463/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,238.05/yr
Listed: 34 days ago

Features

Exterior: Brick Veneer
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (Niagara) listings, avg age

48d

Price / ft²

$877

List price

$570K

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 (Niagara) has been listed for 34 days, which is 14 days fresher than the city average of 48. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · CLAYTON H MONTEIRO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $569,888, about 6.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $111,319 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$569,888· $877/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,988.80

Min 5.61%50%

Mortgage payment$2,982/mo

↳ CMHC premium ($21,516 capitalized)

Property tax (est.)$270/mo

Condo fee$463/mo

Total monthly$3,715

Cash Needed to Close

Down payment (5.61%)$31,989

Land transfer tax$15,746

Est. closing costs$4,210

Total cash needed$51,944

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