The Summit Condos
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0Listings for Rentfor Rent
701 King St W
The Summit Condos
701 King St Wexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    96
    Transit Score
    100
    Bike Score
    68
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Toddgeln Construction Ltd
    Condo Completion
    1984
    Property Management
    Shelter Canadian Properties Ltd
    Unit Size Range
    649 - 1150 SQFT
    Number of Units
    206
    Number of Storeys
    13

    701 King St W, Toronto

    About this condo

    Condo Overview

    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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    Amenities

    Squash Racquet Court
    Visitor Parking
    Gym
    Concierge
    Games Room
    Security System
    Outdoor Pool
    Party/Meeting Room
    Recreation Room
    Indoor Pool
    Sauna
    Underground Parking

    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
    The Summit Condos vs The King West Area

    $310.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Summit Condos's Avg
    price per SQFT
    $716
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,026
    / SQFT

    Building Trends At The Summit Condos

    Days on Market

    Units at The Summit Condos spend an average of
    17
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    13.6
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    77th
    Highest price per SQFT out of 91 condos in the King West area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value

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

    Return on Investment

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

    Rental Yield

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

    High Demand

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

    Sales vs Rental Values For This Condo

    1 Bed949 - 949 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$2,695 - $2,695
    1 Bed + Den765 - 900 SQFT
    Average Cost Per Sqft$666
    Sales Price Range$629,900 - $635,000
    Rental Price Range$2,050 - $2,700
    2 Bed1038 - 1041 SQFT
    Average Cost Per Sqft$626
    Sales Price Range$636,500 - $636,500
    Rental Price Range$2,600 - $2,600
    2 Bed + Den849 - 1150 SQFT
    Average Cost Per Sqft$705
    Sales Price Range$710,000 - $790,000
    Rental Price Range$2,395 - $3,000

    How Often Are Units Listed?

    1 Bed649 - 1000 SQFT
    Average Sales Availability
    Every296Days
    Average Rental Availability
    Every1050Days
    Ratio of Unit Type in Building7%
    1 Bed + Den664 - 1045 SQFT
    Average Sales Availability
    Every127Days
    Average Rental Availability
    Every308Days
    Ratio of Unit Type in Building32%
    2 Bed975 - 1099 SQFT
    Average Sales Availability
    Every363Days
    Average Rental Availability
    Every271Days
    Ratio of Unit Type in Building17%
    2 Bed + Den849 - 1150 SQFT
    Average Sales Availability
    Every85Days
    Average Rental Availability
    Every89Days
    Ratio of Unit Type in Building46%

    Maintenance Fees
    The Summit Condos vs The King West Area

    $0.05
    More Expensive
    per SQFT compared to the neighbourhood average
    The Summit Condos's Avg
    monthly maintenance
    fee per SQFT
    $0.77
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.72
    / SQFT

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