224 King Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $998,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 800-899 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient heat pump heating via other
Description
Must see! Experience the pinnacle of urban living at Theatre Park Condo, located in the vibrant heart of downtown Toronto. This stunning two-bedroom unit boasts breathtaking southwest views of the Ontario lake, Roy Thomas Hall, and David Pecaut Square. Featuring beautifully renovated floors, the condo exudes a sophisticated loft-style charm. Cooking enthusiasts will appreciate the rare gas cooktop and the convenience of a balcony gas line for BBQs. Floor to ceiling window enhances the sense of space and luxury. Residents can enjoy top-tier amenities, including a stunning outdoor pool with breathtaking views. Ideal for art and entertainment lovers, Theatre Park Condo is close to the Bell TIFF Lightbox, prominent restaurants, the Financial District, and the University Health Network. Just steps from the St. Andrew Subway Station, this prime location offers unparalleled convenience and luxury. One locker and One Parking is included. Water and gas are included in Maintenance fee.
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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 224 King Street W 2506, Toronto C01, ON M5V 1H8
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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.
