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    The Summit III Condos

    725 King Street W

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    160
    Condo Completion:
    1985
    Condo Demand:
    Medium
    Unit Size Range:
    621 - 1,137 SQFT
    Unit Availability:
    Low

    Listing History for The Summit III Condos

    Amenities

    Security System
    Party Room
    Concierge
    Outdoor Pool
    Indoor Pool
    Indoor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 725 King Street WThe Summit III Condos

    Anyone who’s seeking a Toronto condo for sale should definitely consider The Summit III Condos at 725 King Street W. Toddgeln Construction Ltd completed this building back in 1985, but unlike other buildings of that age, maintenance fees are actually quite high at $1.03 per-square-foot. The building is 13 storeys tall and is home to 160 suites. Units start at 621 square feet on the low end, and can go up to 1137 square feet.

    This condo has an above average Walk Score of 98 and an average demand ranking, based on Strata.ca stats. Maintenance fees at 725 King Street W are $1.03 per-square-foot, which is significantly higher than the city average of about $0.67.

    The Suites

    The average cost per-square-foot for a unit at 725 King Street W is $829, based on the past 12 months of sales, and these suites have a medium probability of receiving multiple offers.

    Units at The Summit III Condos spend 16 days on the market on average and usually sell for 1.88% above the listing price. In the last 12 months, 5 units have rented, and 4 have sold.

    The Neighbourhood

    This is a great choice for foodies — with restaurants like Pita Choice, Ichiban Sushi and Rosina Restaurant nearby, the only issue will be picking just one. With cafes such as Tim Hortons, McDonald's and Second Cup only a short 3-minute walk away, grabbing a coffee while living at The Summit III Condos is a breeze.

    Grocery shopping can feel like a chore — but not when The Kitchen Table, International News and Harrington Fine Foods are just an easy 8-minute walk away.

    Residents here can stop by Scotiabank and RBC Royal Bank on their way home from work, so they can take care of their financial needs.

    Whether you're looking to play, exercise or gather with friends — nearby parks like Summit courtyard, Summit Dog Park and Musée Parkette are the perfect spot for all kinds of activities.

    Enhance your personal style while living in the King West neighbourhood by visiting The Village Co, Modular Market and Shoppes on Queen West.

    Art and culture seekers can enjoy amazing attractions nearby like David Crighton Art and Birch Contemporary, less than 5 minutes walking distance from here. CineCycle is just a short drive away for movie nights.

    With St. Mary Catholic Elementary School, Niagara Street Junior Public School and ALPHA Alternative Junior School in the neighbourhood, you'll always have excellent choices that ensure your children get the best education while nearby. This location is a great choice for families who are seeking top-notch educational institutions like E F High School Year, Oasis Alternative Secondary School and Apex Academy Online.

    Transportation

    With a 98 walk score, public transit users can reach the nearest light transit stop at King St West At Tecumseth St in just minutes. Those who live in the area can easily drive to Osgoode, just 4 minutes from the building.

    Curious about similar condos in the area? Check out 705 King Street W, 701 King Street W and 570 Wellington Street W — all within walking distance.

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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
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    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 (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Units at The Summit III Condos spend an average of
    16
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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
    10.3
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    62nd
    Highest price per SQFT out of 98 condos in the King West area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 725 King Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$597,000 - $639,000No Data$800,000
    Avg. Cost Per SqftNo Data$834No Data$842
    Avg. Wait for Unit AvailabilityNo Data80 Days407 Days310 Days
    Ratio of Units in Building9%62%10%20%

    Maintenance Fees

    The Summit III Condos vs The King West Area

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