553 King Street, Toronto, ON

$789,000
MLS#:C13084302
2 beds
2 baths
700-1100 sqft
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Moss Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $789,000 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 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 13 x 56.42 ft lot
  • 0.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Your dream of owning a classic freehold Toronto redbrick Victorian rowhome is about to come true! Welcome to 553 King Street East, your ticket out of condo living & to a gorgeously updated freehold home in one of Toronto's best east-end neighbourhoods, Corktown! Step off King Street East & notice right away the brick & window details you can only find in a home of this vintage & charm. Inside you'll be wowed by the openness, high ceilings & natural light. The living room has plenty of room to set up the cozy vignette of your dreams, & the dining room is perfect for hosting dinner parties or date nights in. The modern kitchen features a walk out to the backyard, ample counter space, & stacked laundry. A classy, updated main level powder room - rare in Toronto - means you'll never need to send guests running upstairs. On your way upstairs notice the beautiful pine treads, a nod to the home's storied past. On the second level there's a den perfect for working from home, crafting, reading, or whatever your heart desires. The bedroom has a large closet & a coveted updated ensuite bathroom. The backyard is your own little slice of the city - just imagine your summers spent with family & friends BBQing back here! Located in one of Toronto's most vibrant neighbourhoods, Corktown, 553 King Street E. is the perfect blend of urban living & historic charm. You'll be just minutes from the Financial District, making your work commute a breeze for those days you need to head to the office. For date nights & errands, all the best restaurants, shops, & amenities along King Street E. & in Leslieville, Riverside, & the Distillery District are just right around the corner. In fact, Spaccio & Gusto 501 are just a short jaunt away. One of the city's best gyms is right across the street, & the famous Impact Kitchen is steps away for when you want to treat yourself to coffee & a healthy snack or lunch. It's time to seize this opportunity & own a part of Toronto history. Welcome home!

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed DateInvalid Date
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementNone
Lot Size13 × 56.42 Feet
CountyToronto
Annual Tax$4,051.4
Legal DescriptionLT 449 PL 493 CITY EAST; PT LANE PL 493 CITY EAST AS IN ES38686 (FIRSTLY); CITY OF TORONTO

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Fenced Yard, Park, Rec./Commun.Centre

Interior Features

Carpet Free

Security Features

Community Features

Location

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553 King Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 553 King Street E, Toronto C08, ON M5A 1M5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$53,900 (6.8%)
* Minimum Canadian down payment required for this price is $53,900.
Amortization Period25 Years
Estimated Monthly Payment$4,381Based on a loan of $735,100 over 25 years.
Purchase Price$789,000
Loan Amount$735,100
Provincial Land Transfer Tax:$12,255
Toronto Municipal Land Transfer Tax:$12,255
Total Estimated Closing Taxes:$24,510

About Purchasing a Home in Toronto, ON

For a property listed at $789,000 in Toronto, the legal minimum down payment is $53,900 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 $12,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,255 also applies, bringing the total estimated land transfer taxes to $24,510.

Nearby Listings

Distance:

No current listings found in Toronto.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Moss Park, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$948,769

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Gabrielle-Roy
Public14 Pembroke Street, Toronto, Ontario, M5A 2N7
8.9
Downtown Alternative
Public85 Lower Jarvis Street, Toronto, Ontario, M5E 1R8
8.0
Market Lane
Public246 The Esplanade, Toronto, Ontario, M5A 4J6
5.1
St Edward
PublicEdward Street, Toronto, Ontario, M5G 1E2
9.0
Lord Dufferin
Public350 Parliament Street, Toronto, Ontario, M5A 2Z7
3.3

Secondary Schools

Collège Français
Public100 Carlton Street, Toronto, Ontario, M5B 1M3
9.0
Jarvis
Public495 Jarvis Street, Toronto, Ontario, M4Y 2G8
4.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.