701 King Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Niagara. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $699,000 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 1000-1199 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 electric
Description
A rare find! Step into your new King St West condo where functional meets fabulous. Bright and spacious, this move-in ready space is comfortable and classy. From the moment you walk in, you will be greeted with natural light from the east-facing windows and an open concept living space that makes the most of its spacious feel. Cozy nights in or dinner parties await you in your future sun room or home office, which boast floor to ceiling windows, offering sweeping city and CN Tower views from every room in the unit.The kitchen is efficient and perfect for home cooks who like their space. Complete with a breakfast bar for entertaining and loads of cabinet space.The unit offers lots of en-suite storage, including a custom California Closet in the master bedroom to maximize your space. With your unit comes an owned parking spot and resort style amenities such as a 24-hour concierge, a full gym, indoor and outdoor swimming pools, hot tub, sauna, squash courts, gaming room, workshop rooms (leaseable up to a week) and private movie theater. A lush private garden with BBQs is an outdoor space perfect for socializing and pets, and offers a playground for children with a large open grass area to play. The Summit is a downtown condo that really has it all. The sought-after King West district is rated as one of Toronto's most vibrant and dynamic neighbourhoods with lots of walkable hot spots and transit friendly flexibility with the TTC right at your doorstep and the Ontario Line on its way. Walk to Farm Boy, Loblaws, Toronto Public Library, parks, The Waterfront, Queen St. West and more.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 701 King Street W 813, Toronto C01, ON M5V 2W7
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 $699,000 in Toronto, the legal minimum down payment is $44,900 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 $10,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,455 also applies, bringing the total estimated land transfer taxes to $20,910.
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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.
