1 / 27
For RentThe Summit CondosEst Lease Timeframe 5 Days
$3,500/mth
2 Beds + 1
2 Bath
1 Parking
1,041 SQFT
10 Days on Strata
Listing History
Unit Highlights
Possession Date:
October 1, 2024
Lease Term:
1 Year
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Enclosed/Solarium
Furnished:
No
Exposure:
East
Locker:
None
Laundry:
In Area
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Electric
- Heating
- Heat Pump
Room Dimensions
Living
Combined with Dining, Combined with Solarium, Open Concept
18.37 x 11.65ft
Kitchen
O/Looks Dining, Open Concept
8.3 x 8.3ft
Prim Bdrm
Large Window, Large Closet
15.58 x 10.6ft
About this Listing
This is the one! 2-bed, 2-bath, almost 1100 square feet plus parking. Incredible location - steps to entertainment, sports, transit, night life, shopping. Split floor plan. Bright and airy unit. Updated flooring and bathroom. Incredible amenities including an exercise room, sauna, green space with three BBQs, movie suites, library, on-site 24-hour security, same floor laundry, premium parking spot indoors, party room, connected by P1 to the Kitchen table via 725 King (a mini PATH).
bspoke realty inc.MLS® #C9346295
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
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
The Summit Condos vs The King West Area
Building Trends At The Summit Condos
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
AVERAGEchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | No Data | $669,000 - $675,000 | No Data | $680,000 - $782,000 |
| Avg. Cost Per Sqft | No Data | $853 | No Data | $698 |
| Price Range | No Data | $2,800 | $3,650 - $3,800 | $3,250 - $3,800 |
| Avg. Wait for Unit Availability | No Data | 101 Days | 303 Days | 89 Days |
| Avg. Wait for Unit Availability | 967 Days | 291 Days | 235 Days | 83 Days |
| Ratio of Units in Building | 5% | 34% | 16% | 47% |
Transactions vs Inventory
Total number of units listed and leased in King West
