Kingly Condos
1Listing for Salefor Sale
3Listings for Rentfor Rent
501 Adelaide St W & 620 King St W
Kingly Condos
1Listing for Salefor Sale
3Listings for Rentfor Rent
Walk Score
90
Transit Score
71
Bike Score
73
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
low
Property Type
Condo
Developer
Allied Properties and RioCan
Condo Completion
2019
Property Management
First Service Residential
Unit Size Range
400 - 1899 SQFT
Number of Units
132
Number of Storeys
15

501 Adelaide St W, Toronto

About this condo

Condo Overview

While the name of the Kingly Condos was probably meant to reflect its location on King Street, the building also happens to be quite regal. Thanks to the design by Hariri Pontarini Architects, a modern red brick and glass structure now sits atop an existing heritage building at 501 Adelaide Street West and 620 King Street West.

Completed in 2019 by Allied Properties and RioCan, the Kingly Condos contains 132 units spread out over 15 storeys. Besides the Toronto condos found within the building, residents can also find a gym and sauna, guest suites, a lounge and catering kitchen, and a rooftop terrace with barbecues. Plus, tons of retail space can be found below the residential units, as well as some office spaces.

The Suites

When one thinks about kings and queens, they often conjure up images of gaudy, old-fashioned palaces. Thankfully, the Kingly Condos is quite the opposite: the Toronto condos for sale within are sleek and contemporary. Kitchens boast stainless steel appliances and European-style cabinetry, and window-clad walls allow natural lighting to do its magic on the suites.

The homes vary dramatically in terms of size, with 1 bedroom units starting at around 550 square feet and 3 bedroom suites reaching to approximately 1,300. Some units at the Kingly Condos also come equipped with private outdoor spaces and storage lockers.

The Neighbourhood

Prospective residents hoping to live in a trendy, upscale neighbourhood will feel right at home in King west neighbourhood. King Street, as well as Portland, Wellington, and Adelaide, are home to some of the hardest reservations to get in the city, and the patrons who eat at these establishments are always dressed to impress.

Those who plan to spend as much time as possible outdoors will be glad to hear that there’s plenty of choice when it comes to green space surrounding the Kingly Condos at 501 Adelaide St W & 620 King St W. Victoria Memorial Square is just a short walk away, although King West residents who want to partake in some outdoor activities know to head to Stanley Park, Trinity Bellwoods, or Garrison Common.

When it comes time to stock up on groceries, residents can head to the Kitchen Table at King and Bathurst or Fresh & Wild Food Market at King and Spadina. A sizeable Loblaws is also a short walk away, at the corner of Queen and Portland.

Transportation

The Kingly Condos are conveniently located regardless of how residents prefer to get around, although, like many downtown Toronto condos, the easiest way to travel may just be to leave the car at home.

St. Andrew Station on the University-Spadina line takes 17 minutes to reach by foot or less than 10 via the King streetcar. Those heading north can also walk just a few blocks west to reach Bathurst Street, where they will find stops for streetcars heading both north and south.

Residents who do drive benefit from living so close to the Gardiner Expressway. This major east-west highway can be reached by heading south down Spadina Avenue, and allows drivers to transfer onto the 427 to the west and the Don Valley Parkway to the east.

1

Listings For Sale

Interested in receiving new listings for sale?

3

Listings For Rent

Interested in receiving new listings for rent?

Amenities

Visitor Parking
BBQ
Party/Meeting Room
Security System
Gym
Concierge
Rooftop Deck/Garden
Media Room

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
Kingly Condos vs The King West Area

$22.00
More Expensive
per SQFT compared to the neighbourhood average
Kingly Condos's Avg
price per SQFT
$1,047
/ SQFT
Neighbourhood Avg
price per SQFT
$1,025
/ SQFT

Building Trends At Kingly Condos

Days on Market

Units at Kingly Condos spend an average of
9
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
7%
above
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
N/A
YEARS before being sold again

Property Value

-12%
Decrease in property value within the past twelve months

Price Ranking

26th
Highest price per SQFT out of 91 condos in the King West area

Sold Units

5
Units were Sold over the past twelve months

Rented Units

36
Units were Rented over the past twelve months

Best Value

Kingly Condos offers the
?
best value out of 91 condos in the King West neighbourhood

Return on Investment

Kingly Condos has the
?
highest ROI out of 91 condos in the King West neighbourhood

Rental Yield

Kingly Condos yields the
?
highest rent prices out of 91 condos in the King West neighbourhood

High Demand

Kingly Condos is the
?
most popular building out of 91 condos in the King West neighbourhood

Sales vs Rental Values For This Condo

1 Bed400 - 649 SQFT
Average Cost Per Sqft$925
Sales Price Range$609,000 - $665,000
Rental Price Range$1,650 - $2,700
2 Bed600 - 1000 SQFT
Average Cost Per Sqft$1,108
Sales Price Range$1,038,888 - $1,038,888
Rental Price Range$2,150 - $3,750
3 Bed1058 - 1099 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,200 - $4,400

How Often Are Units Listed?

1 Bed400 - 649 SQFT
Average Sales Availability
Every125Days
Average Rental Availability
Every11Days
Ratio of Unit Type in Building65%
2 Bed600 - 1099 SQFT
Average Sales Availability
Every218Days
Average Rental Availability
Every27Days
Ratio of Unit Type in Building30%
3 Bed1000 - 1200 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every133Days
Ratio of Unit Type in Building7%

Maintenance Fees
Kingly Condos vs The King West Area

$0.19
More Expensive
per SQFT compared to the neighbourhood average
Kingly Condos's Avg
monthly maintenance
fee per SQFT
$0.91
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.72
/ SQFT

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