701 King St WUnit Ph5
1Bed
1Bath
900 - 999SQFT
SOLD
Leased for $2,695/mth
900 - 999SQFT
701 King St WUnit Ph5
SOLD
Leased for $2,695/mth
1Bed
1Bath
900 - 999SQFT
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
List Price
$2,695
Sold per SQFT for
$3/sqft
Total Days on Market
22
Maintenance
$0/mth
Taxes
$0
Property Type
Condo
CONDO Demand
high
Unit Availability
Average
Locker
No
Parking
Yes
Outdoor Space
None
Exposure
South East

Unit #Ph5 at The Summit Condos - , ON

Listing Summary

Unit #Ph5 at 701 King St W leased for the full list price on the 173rd of June, 2021, with 22 days on market. if you have any questions about this unit or building!

About the Property

Luxurious, Bright, And Spacious Open Concept 1 Bedroom Pent House In Trendy King West! Naturally Sunlit, High-End Finishes, Cozy And Carpeted Bedroom With Incredible Unobstructed Views, Wood Burning Fireplace, Large Kitchen With Stainless Steel Appliances, Waterfront & Cn Tower Se Views. Room For Dining, Living & Office In The Main Living Area. 1 Parking (Premium Spot) And Ensuite Locker Included! Doorstep Ttc, Groceries, Restaurants & Shops!

Extras

Included: Stainless Steel (Fridge, Stove, Dishwasher), Wood-Burning Fire Place Tenant To Pay Hydro. Parking Included & Ensuite Locker.

Brokerage: re/max hallmark realty ltd., brokerageMLS® #C5254839

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Room Dimensions

AreaFeet | MetersDetails
Kitchen8.04 x 7.71ftStainless Steel Appliances, Pot Lights, Laminate
Living12.3 x 11.48ftCombined with Dining, Combined with Den, Fireplace
Dining9.65 x 16.21ftPot Lights, Se View, Laminate
Bedroom14.99 x 16.14ftLarge Window, Closet, Carpet

Utilities Included

Rent Includes

Heat
Air Conditioning
Water
Parking
Building Insurance

Tenant Must Pay Separately

Hydro

Amenities

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

Listing History for Unit Ph5

Stats, Trends & Rankings

Price Per Square Foot
The Summit Condos vs The King West Area

$293.00
Less Expensive
per SQFT compared to the neighbourhood average
The Summit Condos's Avg
price per SQFT
$732
/ SQFT
Neighbourhood Avg
price per SQFT
$1,025
/ SQFT

Building Trends At The Summit Condos

Days on Market

Units at The Summit Condos spend an average of
13
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
6%
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
13.5
YEARS before being sold again

Property Value

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

Price Ranking

75th
Highest price per SQFT out of 91 condos in the King West area

Sold Units

11
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 + Den730 - 900 SQFT
Average Cost Per Sqft$706
Sales Price Range$567,000 - $635,000
Rental Price Range$2,050 - $2,700
2 Bed900 - 1041 SQFT
Average Cost Per Sqft$673
Sales Price Range$636,500 - $745,000
Rental Price Range$2,600 - $2,600
2 Bed + Den849 - 1100 SQFT
Average Cost Per Sqft$692
Sales Price Range$673,900 - $790,000
Rental Price Range$2,395 - $2,850

How Often Are Units Listed?

1 Bed649 - 1000 SQFT
Average Sales Availability
Every247Days
Average Rental Availability
Every1050Days
Ratio of Unit Type in Building8%
1 Bed + Den664 - 1045 SQFT
Average Sales Availability
Every132Days
Average Rental Availability
Every343Days
Ratio of Unit Type in Building31%
2 Bed900 - 1099 SQFT
Average Sales Availability
Every267Days
Average Rental Availability
Every271Days
Ratio of Unit Type in Building18%
2 Bed + Den849 - 1150 SQFT
Average Sales Availability
Every95Days
Average Rental Availability
Every89Days
Ratio of Unit Type in Building44%

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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