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1 / 0
New3 hours ago

1007 - 701 King Street W

Niagara, Toronto

$714,900

Condo Apartment |
2 | 2 | 1 | 0
About this home

Welcome to Suite 1007 at The Summit, one of Toronto's most notable & enduring buildings in the downtown landscape! The Summit has stood the test of time when it comes to condo living, built in an era when buildings were designed with space, quality & longevity in mind. Nearly four decades later, that sentiment still rings true with maintenance fees of under $1.00/sqft., a reflection of a well-established & efficiently managed building. Step inside & you're immediately greeted by the charm & warmth of a home that has been lovingly owned & cared for by the same owner for 37 years. The custom-built media unit is an entertainer's dream & perfectly separates the living room from the kitchen (renovated, 2024), primary bathroom (renovated, 2024) & bedroom areas. The living room is one of the rarest in the downtown core, offering the homeowner a cozy wood-burning fireplace - a feature only available to similar suites from the 9th floor to the penthouse. There is a sense of character & comfort here that is increasingly difficult to find in today's newer, more compact condo spaces. Perfectly positioned at King & Bathurst, this is downtown Toronto living at its finest. With a Walk Score of 99, the location truly puts the best of the city right outside your door. The King West strip, Queen West, restaurants, cafés, nightlife, shopping & everyday conveniences are all within easy reach. Enjoy a morning coffee at Forno Culture, stop by Harriet's Rooftop for a meal / happy hour, & finish off your evening with a drink at the Wheat Sheaf! You're also just minutes from the Entertainment District, Rogers Centre, CN Tower, & waterfront. Beyond the nearby amenities, The Summit offers an impressive list of in-house amenities, including indoor & outdoor pools, fitness facilities, recreational spaces, squash courts, a hot tub, security & beautifully maintained grounds. The laundry room is on the same level as the unit. Don't miss this chance to upgrade your lifestyle & call suite 1007 home!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$1,035
LockerNone
BalconyNone
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,092
mls© NumberC13858266
Listed ByCOLDWELL BANKER THE REAL ESTATE CENTRE
Water Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,659
Property tax
$258
Heat allowance
$150
Condo fees, half counted
$517
Housing costs
$4,584 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $142,980
25-yr amortization

Income needed

$141,000

gross annual household income

Payment at 4%
$3,008 / mo
Cash down
$142,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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