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    PH 8 - 701 King St W

    For SaleThe Summit Condos
    $664,000
    Price Cut: $669,000
    1 Bed
    1 Bath
    1 Parking
    813 SQFT
    70 Days on Strata
    Est Sell Timeframe
    7 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $685/mth
    Taxes:
    $2,546 (2024)
    Cost Per Sqft:
    $817/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    July 15, 2024
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Fireplace, Hardwood Floor, Sw View
    17.85 x 11.68ft
    Dining
    O/Looks Pool, Windows Floor to Ceiling, Sw View
    16.18 x 9.42ft
    Kitchen
    Ceramic Back Splash, Stainless Steel Appliances, Hardwood Floor
    10.83 x 7.84ft

    About this Listing

    Step into the breathtaking Large One Bedroom Penthouse, where luxury meets comfort in over 800 square feet of exquisite space. A working Fireplace beckons you to snuggle up on those wintry nights, creating a cozy ambiance that complements the stunning floor-to-ceiling windows. These windows not only flood the bright space with beautiful light but also offer panoramic views of the picturesque Courtyard and Pool area below. The sleek White and Gray kitchen is a chef's dream, combining modern design with functionality. Prepare your favorite dishes while enjoying the mesmerizing view, making cooking a delightful experience. The spacious Bedroom easily accommodates a King-size Bed, perfect for unwinding while watching the sunset over the vibrant cityscape. Located in the heart of King West village, your doorstep opens to a vibrant neighborhood bustling with Restaurants, Bars, Shopping, and Fantastic Nightlife. Stay active with Pilates, Yoga, Aqua-fit, and Cardio-core classes, catering to your energetic lifestyle. This Penthouse is not just a residence but an oasis of luxury and convenience. Book your Private Tour today and seize the opportunity to make this exceptional Penthouse your new Home!

    ExtrasWhether you're in the mood for relaxation or recreation, outdoor and indoor pools to a gym, racketball/squash court, spa, games room, study room, private theatre, party room, and library, it is a delightful place to unwind and entertain!

    royal lepage estate realtyMLS® #C9032972


    Amenities

    Media Room
    Squash Court
    Indoor Pool
    Visitor Parking
    Party Room
    BBQ

    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.
    6/10
    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
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    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%

    Maintenance Fees

    The Summit Condos vs The King West Area

    Days on Strata

    Units at The Summit Condos spend an average of
    14
    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
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    13.2
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    69th
    Highest price per SQFT out of 103 condos in the King West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit Condos offers the
    ?
    best value out of 103 condos in the King West neighbourhood

    Appreciation Rank

    The Summit Condos has the
    ?
    highest ROI out of 103 condos in the King West neighbourhood

    Rental Yield

    The Summit Condos yields the
    ?
    highest rent prices out of 103 condos in the King West neighbourhood

    High Demand

    The Summit Condos is the
    ?
    most popular building out of 103 condos in the King West neighbourhood

    Transaction Insights at 701 King Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$669,000 - $675,000No Data$680,000 - $782,000
    Avg. Cost Per SqftNo Data$853No Data$698
    Avg. Wait for Unit AvailabilityNo Data101 Days303 Days89 Days
    Ratio of Units in Building5%34%16%47%

    Transactions vs Inventory

    Total number of units listed and sold in King West