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    PH14 - 701 King St W

    For SaleThe Summit Condos
    $749,000
    2 Beds + 1
    1 Bath
    1 Parking
    1,097 SQFT
    6 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $937/mth
    Taxes:
    $3,011 (2024)
    Cost Per Sqft:
    $683/sqft
    Locker:
    Ensuite
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    As Soon As Possible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Kitchen
    Stainless Steel Appliances, Breakfast Bar, Vinyl Floor
    8.07 x 10.5ft
    Dining
    Combined with Living, Pot Lights, Vinyl Floor
    9.48 x 15.68ft
    Living
    Combined with Den, Pot Lights, Vinyl Floor
    18.28 x 11.39ft

    About this Listing

    Welcome to this sun-soaked, newly renovated 2-bedroom, 1-bath penthouse end unit in the prime King West, where natural light and stunning western views steal the show. Hello, gorgeous sunsets! Perched high above the city, this unit boasts spacious bedrooms, including a primary with a walk-in closet. The kitchen shines with generous cupboards and drawers for all your gadgets and the rare wood-burning fireplace adds just the right touch of cozy. And storage? Theres plenty, with a huge hallway closet and built-in storage room (unheard of these days!) The bright den area makes for an ideal home office or a quiet corner to relax. With courtyard and lake views, you'll get the best of both worlds cityscapes and peaceful water views right from your home. When its time to eat, you're just steps from some of the best food in the city, like Fahrenheit Coffee, Buca, Chubbys, King Taps and Earls whether you're grabbing brunch, dinner or a late-night bite, the options are endless!

    ExtrasAmazing building amenities: indoor & outdoor pool, Spa, Yoga Studio, Gym, Games room, BBQs, gated park area, playground for kids, squash courts, movie theater (w/monthly movies), a car wash. 1.5 Gbps internet Included in fees

    sage real estate limitedMLS® #C9373750


    Amenities

    Party Room
    Outdoor Pool
    Security System
    Gym Room
    Sauna
    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
    24
    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
    13.1
    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 101 condos in the King West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit Condos offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Summit Condos has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Summit Condos yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Summit Condos is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 701 King Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$593,000$669,000 - $675,000No Data$680,000 - $782,000
    Avg. Cost Per Sqft$736$853No Data$695
    Avg. Wait for Unit Availability3029 Days101 Days303 Days87 Days
    Ratio of Units in Building5%33%16%47%

    Transactions vs Inventory

    Total number of units listed and sold in King West