1029 King Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Niagara. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $599,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Electra Lofts! Tailor made for downtown professionals seeking a vibrant lifestyle in the Heart of King West in an exceptional boutique building with a great community feel! Grand one bedroom two-storey loft w/soaring floor to ceiling windows and exposed concrete throughout. Modern open concept design feels bright, airy, flows out on a remarkable terrace-perfect for entertaining family and friends. The kitchen offers great functionality, stainless steel appliances, along with built-in cabinets to maximize storage. Enjoy the convenience of a massive locker room located directly behind your parking spot a rare find in the city! Residents enjoy excellent fitness facilities & maintenance fees that cover water, heat, and hydro- providing worry-free living. Secure parcel locker for easy deliveries. Pet-friendly building. Don't miss your chance to own a truly unique space with TTC at your doorstep. Minutes to Liberty Village, King West, Trinity Bellwoods, Queen West, and more!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1029 King Street W 621, Toronto C01, ON M6K 3M9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $599,900 in Toronto, the legal minimum down payment is $34,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,473 also applies, bringing the total estimated land transfer taxes to $16,946.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
