$729,000

For sale

#514 478 King Street West, Toronto (Waterfront Communities) - Single Family for Sale

#514 478 King Street West, Toronto (Waterfront Communities), Ontario, M5V0A8

2 beds2 baths1 parking750 ft²$693/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 17 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Victory Lofts, a sought-after boutique residence in Toronto's vibrant Entertainment District. This stylish 2-bedroom, 2-bathroom suite offers 735sf contemporary urban living with an open-concept layout, 10-foot exposed concrete ceilings, floor-to-ceiling windows, and an abundance of natural light. An expansive oversized private balcony spans the entire length of the unit, showcasing impressive views of the downtown skyline. Residents enjoy an exceptional selection of amenities, including a fitness centre, entertainment theatre, party room, concierge service, and guest suites. Step outside and experience the best of downtown Toronto, with world-class restaurants, trendy cafés, and vibrant nightlife just moments away. This is an outstanding opportunity to enjoy the convenience and energy of downtown living at its finest. (id:66096)

Property Details

MLS®: C14097724
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $693/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,805.86/yr
Listed: 17 days ago

Rooms

Main level

Foyer: 2.87 x 1.07 meters
Living room: 3.94 x 3.28 meters
Dining room: 3.94 x 3.28 meters
Kitchen: 3.94 x 2.87 meters
Primary Bedroom: 4.43 x 3.44 meters
Bedroom 2: 2.75 x 2.71 meters

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

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$973

List price

$729K

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 17 days, which is 40 days fresher than the city average of 57. Act while there is still low competition.

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Listed by WESTON REALTY PARTNERS · PAOLO JOSEPH TOMASSI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $729,000, about 8.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $142,399 (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)

$729,000· $973/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$317/mo

Condo fee$693/mo

Total monthly$4,787

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$22,110

Est. closing costs$4,687

Total cash needed$74,697

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