705 King Street, Toronto, ON

$374,900
MLS#:C12068771
0 beds
1 baths
500-599 sqft
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

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 $374,900 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.

  • 0 Bedrooms and 1 Bathroom
  • Generous living space spanning 500-599 sqft
  • 0.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with other central cooling and highly efficient heat pump heating via electric

Description

Welcome to The Summit, a standout residence in vibrant King West, where style, comfort, and top-tier amenities come together for the ultimate downtown lifestyle! This open-concept, 500+ sq ft bachelor suite is designed for both comfort and functionality, featuring floor-to-ceiling windows that flood the space with natural light and offers incredible city views. The living area is complete with its own fireplace, creating the perfect cozy ambiance for relaxing evenings. The kitchen features stainless steel appliances and sleek quartz countertops, while a dedicated office nook by the window makes working from home a dream. Enjoy year-round climate control with your own heating and A/C; no waiting on the building to switch between seasons! The building has great amenities including but not limited to: a beautiful courtyard and garden, indoor pool, outdoor pool, hot tub, gym, sauna, common BBQ area, squash court, party room, games room, movie theatre, bike storage, 24/7 security/concierge & visitor parking. Bell Internet is included with your maintenance fees for your convenience. Very well run building! With Toronto's Entertainment District at your doorstep, you're just steps away from trendy restaurants, boutique shopping, vibrant nightlife, and easy transit access. The city's top destinations are all within easy reach, including West Queen West, the Fashion District, Toronto Islands, Harbourfront Centre, Rogers Centre, Scotiabank Arena, Fort York, the CNE Grounds, and more. Close to future LRT station coming to Bathurst & King. If you're looking for a chic bachelor suite that puts the best of the city at your doorstep, this is the one for you!

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Key Features

0
Bathrooms
1
Kitchens
1
Living Area
500-599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateApril 30, 2025
Sold price information is available to members only
Listed Date4/8/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyToronto
Annual Tax$2,017.11

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Library, Park, Public Transit, Rec./Commun.Centre, School

Interior Features

Carpet Free

Security Features

Concierge/Security

Community Features

Location

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705 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 705 King Street W 1908, Toronto C01, ON M5V 2W8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$18,745 (5.0%)
* Minimum Canadian down payment required for this price is $18,745.
Amortization Period25 Years
Estimated Monthly Payment$2,122Based on a loan of $356,155 over 25 years.
Purchase Price$374,900
Loan Amount$356,155
Provincial Land Transfer Tax:$4,099
Toronto Municipal Land Transfer Tax:$4,099
Total Estimated Closing Taxes:$8,197

About Purchasing a Home in Toronto, ON

For a property listed at $374,900 in Toronto, the legal minimum down payment is $18,745 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 $4,099 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,099 also applies, bringing the total estimated land transfer taxes to $8,197.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$797,298

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

Niagara Street
PublicNiagara Street, Toronto, Ontario, M5V 2P7
8.1
Givins/Shaw
Public49 Givins Street, Toronto, Ontario, M6J 2X5
6.3
Charles G Fraser
Public79 Manning Avenue, Toronto, Ontario, M6J 2K6
9.0
The Waterfront
Public635 Queens Quay West, Toronto, Ontario, M5V 3G3
6.6
Jean Lumb
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
7.3

Secondary Schools

St. Mary’s
Catholic9 Portugal Square, Toronto, Ontario, M6J 2H2
4.9
Parkdale
Public209 Jameson Avenue, Toronto, Ontario, M6K 2Y3
6.5

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.