$499,000

For sale

#405 1005 King Street West, Toronto (Niagara) - Single Family for Sale

#405 1005 King Street West, Toronto (Niagara), Ontario, M6K3M8

1 bed1 bath1 parking550 ft²$610/mo condo feeListed 29 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $499,000, it is attractively priced about 20% below the $625,000 median asking price in Toronto. It has been on the market 29 days, fresher than the Toronto average of 48 days.

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Description

Experience the best of King West at iconic DNA2. Suite 405 offers a bright south-facing 1-bedroom, 1-bathroom residence in the heart of it all. Offering approximately 560sqft of interior living space plus a private balcony, the functional layout features a modern L-shaped kitchen overlooking the spacious living and dining area, a generous bedroom with a large window, ensuite laundry and a walkout to the south-facing balcony. Complete with parking and a storage locker. The parking spot is conveniently close to the elevator and has a bike rack. Residents enjoy an impressive collection of amenities including 24-hour concierge, fitness facilities, party and meeting rooms, visitor parking and one of the best rooftop terraces (with BBQs) in the city. Ideally positioned at King & Shaw, steps to TTC, cafes, restaurants, parks and everyday conveniences (groceries across the street), with Liberty Village, Queen West, the waterfront and Martin Goodman Trail all nearby. (id:66096)

Property Details

MLS®: C13875814
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $610/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,708.61/yr
Listed: 29 days ago

Rooms

Main level

Living room: 5.6 x 3 meters
Dining room: 5.6 x 3 meters
Kitchen: 3.1 x 2.4 meters
Primary Bedroom: 3.3 x 3 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, Stove, Dryer, Microwave
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Toronto (Niagara) listings, avg age

48d

Price / ft²

$908

List price

$499K

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 29 days, which is 19 days fresher than the city average of 48. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MICHAEL CAMBER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6K)

This home lists at $499,000, about 6.9× the local median household income of $72,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$499,000· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$226/mo

Condo fee$610/mo

Total monthly$3,464

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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