Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Its $649,950 asking price sits right in line with the $629,900 median in Toronto.

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Description

Welcome to Thompson Residences, one of King West's most coveted boutique addresses. This beautifully appointed suite offers the perfect blend of contemporary design, premium finishes and an unbeatable downtown location in Toronto's vibrant Fashion District. Thoughtfully designed with an open-concept layout, soaring exposed concrete ceilings, floor-to-ceiling windows and wide-plank hardwood flooring, the suite is filled with natural light and maximizes every square foot of living space. The modern kitchen features stone countertops, integrated stainless steel appliances and sleek European-inspired cabinetry, flowing seamlessly into the spacious living and dining area-ideal for entertaining or relaxingat home. The generous bedroom offers excellent closet space, while the well-planned layout provides comfortable everyday living. Step outside to your private balcony and enjoy everything King West has to offer just beyond your doorstep. Includes one underground parking space and one owned locker-a highly sought-after combinationin this neighbourhood. Residents enjoy exceptional amenities including the iconic rooftop pool and terrace, fitness centre, concierge, party lounge and more. Located in the heart of King West, you're just steps to The Well, Waterworks Food Hall, STACKT Market, Trinity Bellwoods Park, renowned restaurants, cafés, boutiques and nightlife, with the Financial District, waterfront and Billy Bishop Airport all within easy reach. TTC streetcarsare at your doorstep, and the building is just moments from the future King West Ontario Line Station, providing a significant enhancement to rapid transit connectivity in one of Toronto's fastest-growing neighbourhoods. The station will connect directly with the King and Bathurststreetcar routes and is expected to further elevate the area's accessibility and long-termappeal. (id:66096)

Property Details

MLS®: C13666438
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, Electric
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $696/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,585/yr
Listed: 86 days ago

Market Timing

Days on market

86d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,183

List price

$650K

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.

Area context

Neighbourhood profile (M5H)

This home lists at $649,950, about 7.2× the local median household income of $90,000.

Carrying it typically needs a household income of about $126,958 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$649,950· $1,183/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,995

Min 6.15%50%

Mortgage payment$3,382/mo

↳ CMHC premium ($24,398 capitalized)

Property tax (est.)$299/mo

Condo fee$696/mo

Total monthly$4,376

Cash Needed to Close

Down payment (6.15%)$39,995

Land transfer tax$18,948

Est. closing costs$4,450

Total cash needed$63,393

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Investment analysis

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#703 38 Stewart Street, Toronto (Waterfront Communities) - Single Family for Sale