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    The Summit Condos
    by Toddgeln Construction Ltd

    701 King Street W

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    206
    Condo Completion:
    1984
    Condo Demand:
    High
    Unit Size Range:
    649 - 1,150 SQFT
    Unit Availability:
    Low
    Property Management:
    Shelter Canadian Properties Ltd

    Listing History for The Summit Condos

    Amenities

    Visitor Parking
    BBQ
    Indoor Pool
    Outdoor Pool
    Sauna
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 701 King Street WThe Summit Condos

    When a condo is still desirable after all these years, you know that’s a good sign — especially in such an unpredictable city as Toronto. Built back in 1984, even Toddglen Construction Ltd. probably didn’t expect the city to explode like it has over the past couple of decades, in terms of both density and desirability.

    The Summit Condos’ townhouses and mid-rise tower makes up one third of a complex: the rest, also known as the The Summit II Condos and The Summit III Condos, located at 705 and 725 King Street West. This portion, the Summit Condos, can be found at 701 King Street West & 570 Wellington Street West.

    The classic, red brick façade rises to 13 storeys high, and is home to 206 units in total. Amenities are located in the “Summit Club,” and cater to residents with a variety of needs and interests. Those who like to unwind after a long day can head over to the cinema with a bowl of popcorn and some friends, while residents who prefer to blow off steam in a more active capacity will enjoy making use of the multiple squash courts, gym, and two pools (one indoor and one outdoor).

    On top of all of those luxuries, residents have a 24-hour concierge to rely on, plus party room and games room.

    The Suites

    While the variety of amenities might attract all sorts of prospective buyers to consider Toronto condos for sale at 701 King Street West & 570 Wellington West, the different size and exposure options will only satisfy them further. Suites range from junior one bedroom to 2 bedroom plus den condos, while some even boast solariums. In terms of size, the condos start at around 700 and reach to approximately 1,100 square feet.

    Single professional, family of four, and empty nesters alike will all have no problem enjoying the floor-to-ceiling, wall-to-wall windows found throughout the building. Open concept floor plans are also abundant, as are sleek, stainless steel appliances in kitchens.

    The Neighbourhood

    Whereas location is concerned, it really doesn’t get much better than King West neighbourhood. Residents living at 701 King Street West & 570 Wellington Street West have their pick when it comes to how to spend their days off: wandering through tree-lined, gallery-filled streets to the west, heading east toward the bustling Fashion District, or heading south toward Lake Ontario with its parks, trails, and outdoor activities.

    Even something as tedious as grocery shopping is less of a chore when living here. Residents need to walk just 750 metres in order to find the massive Loblaws at Queen and Portland. There’s even a Joe Fresh downstairs and a Winners above, for those looking to do some one-stop shopping.

    Outdoorsy types can spend their first few weekends at the Summit Condos checking out all of the parks in the neighbourhood before settling on their favourite spot—or some might not even be able to choose. A quick green getaway can be found at the charming Victoria Memorial Park, while more in terms of facilities are to be found at Stanley Park or Trinity Bellwoods Park.

    Other dynamic neighbourhoods are also within reach, where residents will find a change of pace from their own area. On Queen Street West, shoppers can visit brand names and independent boutiques; Just beyond this is Kensington Market, with its cheese shops, bakeries, fresh produce markets, and vintage clothing and furniture stores; Chinatown is also in reach, where authentic restaurants and imported goods will keep anyone busy for hours.

    Transportation

    Being situated so close to King and Bathurst has its perks, and transportation is certainly one of them. Even those without cars can travel around the downtown core and beyond with ease, thanks to the central location of the Summit Condos.

    Streetcars along King West will transport passengers west toward Parkdale or east for connections to the Yonge-University-Spadina Line. Bathurst streetcars, alternatively, carry travelers up to Bathurst Station on the Bloor-Danforth Line, or as far south as Queens Quay for access to Lake Ontario or Billy Bishop Toronto City Airport.

    Even those heading out of the city altogether can rest easy: Union Station, where GO trains and buses, VIA Rail Trains, and the UP service to Pearson International Airport can be found, is a 20-minute trip away via streetcar. Billy Bishop Airport takes all of about 17 minutes to reach on public transit, while those heading to Pearson should budget a little less than an hour.

    Drivers can make use of the Gardiner Expressway, located just minutes away. Major arterial roads like King, Bathurst, Lake Shore Boulevard, and Spadina Avenue are also great options for zipping around the immediate area.

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    Nearby Amenities

    9/10
    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.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    24,225
    Average Individual Income
    $65,079
    Average Household Size
    0 persons
    Average Age
    0
    Average Household Income
    $106,981
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages
    Mandarin
    9%
    Cantonese
    6%
    Tamil
    1%
    English
    39%
    Indigenous Language
    32%
    Other
    13%
    Education
    High School
    21%
    Apprenticeship
    2%
    University and Above
    43%
    College
    15%
    University Below Batchelor
    3%
    None
    13%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Architecture & Engineering
    18%
    Humanities
    6%
    Physical Sciences
    5%
    Math & Computer Sciences
    9%
    Social Sciences
    10%
    Education
    4%
    Visual & Performing Arts
    3%
    Business Management
    25%

    Price Trends

    Building Trends At The Summit Condos

    Days on Strata

    Units at The Summit Condos spend an average of
    9
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    13.3
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    66th
    Highest price per SQFT out of 98 condos in the King West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit Condos offers the
    ?
    best value out of 98 condos in the King West neighbourhood

    Appreciation Rank

    The Summit Condos has the
    ?
    highest ROI out of 98 condos in the King West neighbourhood

    Rental Yield

    The Summit Condos yields the
    ?
    highest rent prices out of 98 condos in the King West neighbourhood

    High Demand

    The Summit Condos is the
    ?
    most popular building out of 98 condos in the King West neighbourhood

    Transaction Insights at 701 King Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$669,000$640,800 - $670,000No Data$680,000 - $700,000
    Avg. Cost Per Sqft$965$819No Data$685
    Avg. Wait for Unit Availability479 Days116 Days336 Days83 Days
    Ratio of Units in Building7%31%13%51%

    Maintenance Fees

    The Summit Condos vs The King West Area

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