$549,900 - 1029 King Street Unit 246, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Niagara
- MLS Number
- C13524968
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- EXP REALTY
Welcome to Unit 246 at 1029 King St. W., a bright and spacious two-level loft that has been newly and tastefully renovated in the highly sought-after Electra Lofts. Offering an impressive 810 sq. ft. of Bauhaus-inspired design, this south-facing 1-bedroom + den, 2-bath residence showcases soaring 17-foot ceilings, dramatic double-height warehouse-style windows, and an abundance of natural light. The open-concept layout is enhanced by upgraded glass and steel railings, creating a striking industrial-chic aesthetic that seamlessly blends style and function.Thoughtfully renovated throughout, this exceptional loft features seamless upgraded flooring, a stunning new quartz countertop, designer light fixtures, newly installed motorized blinds, and brand-new appliances, including a dishwasher and washer/dryer, delivering modern style, comfort, and convenience.The expansive upper-level primary retreat overlooks the main living space and offers exceptional versatility with an adjoining den, perfect for a home office, reading nook, or additional lounge area. The spacious bedroom also boasts a large walk-in closet, while an oversized 6' x 6' private storage locker provides rare and valuable additional storage.Perfectly positioned in the heart of King West, you're just steps from Liberty Village, Queen West, Trinity Bellwoods Park, The Bentway, the waterfront, and some of Toronto's finest restaurants, cafés, boutique shopping, nightlife, and transit. Experience the ultimate downtown lifestyle in one of Toronto's most sought-after loft communities.
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Niagara
Niagara is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Niagara
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Niagara offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1029 King Street Unit 246, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $687/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Niagara
I know Niagara well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.