For SaleDowntown CondosEst Sell Timeframe 9 Days
$525,000
1 Bed
1 Bath
0 Parking
500 - 599 SQFT
60 Days on Strata
Listing History
Unit Highlights
Property Type:
Soft Loft
Maintenance Fees:
$517/mth
Taxes:
$2,318 (2024)
Cost Per Sqft:
$876 - $1,050/sqft
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
South
Possession Date:
To Be Determined
Laundry:
Ensuite
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Building Maintenance
Building Insurance
Excluded
Hydro
Water
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Combined with Dining, Large Window
11.12 x 10.24ft
Dining
Combined with Kitchen, Large Window
10.86 x 8.66ft
Kitchen
Combined with Dining, Stone Counter
10.86 x 8.66ft
About this Listing
Have you ever wanted to live in a community that has EVERYTHING at your fingertips? Well, this dream can be your reality. Experience urban living in this trendy 11-storey boutique building, in the heart of vibrant King West. Located in a vibrant and fun neighbourhood, featuring access to fabulous restaurants, lively nightclubs, and the jaw dropping features of The Well. Sun filled south facing open-concept 1-bedroom unit with modern finishes throughout. If you need extra storage, this unit comes with a locker. Enjoy urban living in this stunning building today!
ExtrasS/S Stove, Dishwasher, Built in Fridge, Washer/Dryer, Locker
re/max hallmark richards group realty ltd.MLS® #C9364144
Amenities
Party Room
Security System
Concierge
Gym Room
Media Room
Bike Storage
Explore Neighbourhood
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.
7/10
Bikeability
The bike lane starts to feel like a second home.
Similar Listings
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%
Price Trends
Maintenance Fees
Downtown Condos vs The King West Area
Building Trends At Downtown Condos
Days on Strata
Units at Downtown Condos spend an average of
29
Days on Strata
based on recent sales
List vs Selling Price
On average, these lofts sell for
3%
below
the list price.
Offer Competition
Lofts in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
6.7
YEARS before being sold againProperty Value
-6%
Decrease in property value within the past twelve months
Price Ranking
63rd
Highest price per SQFT out of 101 condos in the King West area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
10
Units were Rented over the past twelve months
Best Value Rank
Downtown Condos offers the best value out of 101 condos in the King West neighbourhood
?
Appreciation Rank
Downtown Condos has the highest ROI out of 101 condos in the King West neighbourhood
?
Rental Yield
Downtown Condos yields the highest rent prices out of 101 condos in the King West neighbourhood
?
High Demand
Downtown Condos is the most popular building out of 101 condos in the King West neighbourhood
?
Transaction Insights at 508 Wellington Street W
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $475,000 | No Data | No Data | $995,000 | No Data |
| Avg. Cost Per Sqft | No Data | $999 | No Data | No Data | $954 | No Data |
| Price Range | No Data | $2,000 - $3,000 | No Data | No Data | $5,500 | No Data |
| Avg. Wait for Unit Availability | No Data | 79 Days | 913 Days | No Data | 482 Days | 1327 Days |
| Avg. Wait for Unit Availability | 351 Days | 30 Days | No Data | 467 Days | 338 Days | No Data |
| Ratio of Units in Building | 4% | 74% | 5% | 7% | 10% | 3% |
Transactions vs Inventory
Total number of units listed and sold in King West
