$553,000

For sale

#701 650 King Street West, Toronto (Waterfront Communities) - Single Family for Sale

#701 650 King Street West, Toronto (Waterfront Communities), Ontario, M5V1M7

1 bed1 bath0 parking250 ft²$290/mo condo feeListed 291 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $553,000, it is attractively priced about 12% below the $629,900 median asking price in Toronto.

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Description

Discover urban living at its best in this stylish 1-bedroom condo at the sought-after 650 King West residences. Perfectly located at King & Bathurst, this modern suite offers an unbeatable balance of comfort, efficiency, and vibrant city life.The open-concept layout maximizes every inch of space, featuring floor-to-ceiling windows that flood the home with natural light and create a bright, inviting atmosphere. The sleek kitchen is equipped with modern cabinetry, integrated appliances, and ample counter space ideal for cooking or entertaining. The living area flows seamlessly to a private balcony, offering a perfect spot to relax or take in the energy of King West.The bedroom is well-designed with room for a queen bed and storage, while the spa-inspired bathroom boasts premium finishes. Additional features include in-suite laundry, a heat pump for efficient heating and cooling, and thoughtful design details that elevate the living experience.Low monthly condo fees cover essentials, keeping costs manageable, and property taxes remain very reasonable. Residents of 650 King enjoy the convenience of a boutique building with secure entry, underground parking options, and excellent noise insulation thanks to its concrete construction.Step outside and you're in the heart of one of Torontos most dynamic neighbourhoods surrounded by trendy restaurants, coffee shops, boutiques, and nightlife. With a near-perfect Walk Score and TTC at your doorstep, commuting and city exploring are effortless.Whether you're a first-time buyer, investor, or looking for a pied-à-terre in downtown Toronto, this suite offers incredible value in one of the citys most desirable areas. (id:66096)

Property Details

MLS®: C12707694
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $290/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,150/yr
Listed: 291 days ago

Features

Appliances: Window Coverings
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

291d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$2,216

List price

$553K

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 (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RARE REAL ESTATE · SAMUEL GALLOWAY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $553,000, about 6.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $108,020 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$553,000· $2,216/ft²

For sale

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Full Cost Breakdown

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Down Payment5.48% · $30,300

Min 5.48%50%

Mortgage payment$2,898/mo

↳ CMHC premium ($20,908 capitalized)

Property tax (est.)$179/mo

Condo fee$290/mo

Total monthly$3,367

Cash Needed to Close

Down payment (5.48%)$30,300

Land transfer tax$15,070

Est. closing costs$4,159

Total cash needed$49,529

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice