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    One King West Hotel & Residence

    1 King Street W

    5for Sale
    6for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    51
    Number of Units:
    603
    Condo Completion:
    2005
    Condo Demand:
    Medium
    Unit Size Range:
    351 - 5,200 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for One King West Hotel & Residence

    Amenities

    Business Centre
    Indoor Pool
    Media Room
    Indoor Parking
    Rec Room
    Party Room

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    About 1 King Street WOne King West Hotel & Residence

    The 1 King West Condos was built in 2005, against all odds: critical onlookers viewed the project as an impossible one that would result in nothing more than some abandoned blueprints. In the end, the building was not only completed, but also won awards, as well as praise from then-mayor David Miller and the public at large. The 51-storey structure contains 575 units, and is inhabited by both homeowners and hotel guests on any given day.

    The contemporary, slender tower rises from its historical base: the former Toronto Dominion Bank headquarters. With over 100 years behind it, the original, 1914-built structure can still be appreciated from within the lobby of the condos and hotel at 1 King Street West. Thankfully, the repurposing process of 1 King West has been undertaken with preservation in mind, and as a result details like the ornate ceiling and original vault can be enjoyed for years to come.

    For those who love to host without messing up their homes, the vault can even be rented out for private events. Alternatively, residents might want to emulate a party thrown by Roxy Earle of the Real Housewives of Toronto, which was held on the 15th floor.

    Even the interiors were honoured with a Design Exchange Interior Design Award of Merit in 2008. Fleur-de-lis Interior Design Inc. was granted this award for its work on a two-bedroom hotel suite that features a whole lot of stainless steel and marble.

    While friends and neighbours might use Airbnb to bring in some extra cash from time to time, residents of the One King West Hotel & Residence can benefit from the building’s Hotel Rental Pool program. Owners who opt into this program have the chance to earn spending money while they are away by renting out their home, while leaving the details to the hotel management and staff. This goes for long-term stints as well, meaning residents who feel like spending a year in the Tuscan countryside need not worry about dealing with subletters.

    As with other hotel/condominium combination building, residents have access to a range of luxurious amenities. These include valet parking, housekeeping, a concierge service, and an expansive business centre and exercise facilities. Even trips to the airport are made easier, thanks to the hotel’s private limousine services.

    Stinson Properties was behind the construction of the condos, and is a well-trusted firm with beloved Toronto buildings on its roster, including The Candy Factory Lofts and High Park Lofts. The building is dedicated to being environmentally responsible, and as a result residents have access to multiple charging stations for electric cars.

    The Suites

    Although the building itself is rather luxurious, even those with tighter budgets can find Toronto condos for sale that suit their needs at 1 King Street West. With suites starting at approximately 300 square feet, first-time buyers and single professionals will be just as content at One King West Hotel & Residence as those seeking out the largest units in the building.

    Speaking of large, certain homes reach palatial status, with the largest in the building spanning around 5,600 square feet. One penthouse unit, for example, is spread out over 3 floors, and comes complete with a glass staircase, concrete columns, 3+ bedrooms, 4 bathrooms, and of course a CN Tower view.

    The Neighbourhood

    Not only is One King West Hotel & Residence luxurious and comfortable, but it also happens to reside in the heart of Toronto in the City Centre neighbourhood. With its location at the corner of King and Yonge Streets, residents only need to walk to find whatever it is they are looking for.

    For example, those in search of groceries can head a block west in order to reach the Market by Longo’s. Sake Food Hall by Pusateri’s is a more upscale option, found underground in the Hudson’s Bay and Saks Fifth Avenue building.

    Alternatively, residents seeking out culture can check out exhibits at the Design Exchange, catch a performance at the Sony Centre for the Performing Arts, or watch a live production at the Royal Alexandra Theatre.

    In the wintertime, residents are especially fortunate, thanks to the building’s direct PATH access. Those wanting to do some shopping or reach the subway without stepping out into the blistering cold can do just that. In fact, with the PATH residents can walk for 27 kilometres without ever going outside.

    Transportation

    As we’ve just mentioned, residents of One King West Hotel & Residence can not only explore the area on foot, but they can also run most of their errands without going outside. Thankfully, though, those who do want to get out and explore surrounding areas are also in luck.

    Those who prefer to use public transit can reach the subway in minutes — and that’s counting the elevator ride down from their suites. With King Station directly downstairs, residents can quickly reach trains heading north and south on the Yonge line.

    Alternatively, drivers can use one-way streets like Adelaide and Wellington to get around the immediate area. From there, options for outward travel include the Gardiner Expressway, Yonge Street, University Avenue, and Lake Shore Boulevard.

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    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    46,209
    Average Individual Income
    $71,441
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $121,921
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    49%
    High Rise Apartment
    22%
    Semi Detached
    14%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    65%
    Other
    14%
    Mandarin
    10%
    Cantonese
    8%
    Spanish
    1%
    Tagalog
    1%
    Tamil
    1%
    Education
    University and Above
    34%
    High School
    25%
    College
    16%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    24%
    Architecture & Engineering
    21%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    5%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Unit Sales vs Inventory

    Total number of units listed and sold in City Center - Toronto


    Days on Strata

    Units at One King West Hotel & Residence spend an average of
    42
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    7.1
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    21st
    Highest price per SQFT out of 42 condos in the City Center - Toronto area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    25
    Units were Rented over the past twelve months

    Best Value Rank

    One King West Hotel & Residence offers the
    ?
    best value out of 42 condos in the City Center - Toronto neighbourhood

    Appreciation Rank

    One King West Hotel & Residence has the
    ?
    highest ROI out of 42 condos in the City Center - Toronto neighbourhood

    Rental Yield

    One King West Hotel & Residence yields the
    ?
    highest rent prices out of 42 condos in the City Center - Toronto neighbourhood

    High Demand

    One King West Hotel & Residence is the
    ?
    most popular building out of 42 condos in the City Center - Toronto neighbourhood

    Transaction Insights at 1 King Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$380,000 - $460,000$420,000 - $725,000$530,000 - $669,000No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$891$916$901No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability29 Days47 Days183 DaysNo Data701 DaysNo DataNo Data
    Ratio of Units in Building59%33%5%2%1%1%2%

    Maintenance Fees

    One King West Hotel & Residence vs The City Center - Toronto Area

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