Welcome to this remarkable Loft condo apartment located in the coveted neighborhood of Niagara. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $549,900 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.
Welcome to Unit 246 at 1029 King St. W., a bright and spacious two-level loft that has been newly and tastefully renovated in the highly sought-after Electra Lofts. Offering an impressive 810 sq. ft. of Bauhaus-inspired design, this south-facing 1-bedroom + den, 2-bath residence showcases soaring 17-foot ceilings, dramatic double-height warehouse-style windows, and an abundance of natural light. The open-concept layout is enhanced by upgraded glass and steel railings, creating a striking industrial-chic aesthetic that seamlessly blends style and function.Thoughtfully renovated throughout, this exceptional loft features seamless upgraded flooring, a stunning new quartz countertop, designer light fixtures, newly installed motorized blinds, and brand-new appliances, including a dishwasher and washer/dryer, delivering modern style, comfort, and convenience.The expansive upper-level primary retreat overlooks the main living space and offers exceptional versatility with an adjoining den, perfect for a home office, reading nook, or additional lounge area. The spacious bedroom also boasts a large walk-in closet, while an oversized 6' x 6' private storage locker provides rare and valuable additional storage.Perfectly positioned in the heart of King West, you're just steps from Liberty Village, Queen West, Trinity Bellwoods Park, The Bentway, the waterfront, and some of Toronto's finest restaurants, cafés, boutique shopping, nightlife, and transit. Experience the ultimate downtown lifestyle in one of Toronto's most sought-after loft communities.
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Data-driven valuation for 1029 King Street W 246, Toronto, ON M6K 3M9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $549,900 in Toronto, the legal minimum down payment is $29,990 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 $7,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,473 also applies, bringing the total estimated land transfer taxes to $14,946.
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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.