$583,000 - 560 King Street Unit 1004, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on marketNeighbourhood: Waterfront Communities C1
- MLS Number
- C12707768
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RARE REAL ESTATE
10th Floor Fashion House - 1 Bedroom "Soft Loft" in the Heart of Central King West. Look up at the "10 ft Ceilings" and feel the difference that extra 2 ft makes. Form and function work in harmony in this Popular Loft. Yes, you really feel the 18 ft width of wall to wall,floor to ceiling Windows, which open to you're own outdoor living space that you can enjoy relaxing and entertaining on. Bright, open concept, living and dining rooms ,practically layed out and accented with hardwood floors (throughout the Loft). A Generous Primary Bedroom has a Double closet,Queen bed sized and frosted 9 ft tall sliding doors. Sleek kitchen design includes "Cooking With Gas", Stainless steel appliances ."Roomy Stylish Bathroom" frameless glass shower-ample space. Oh.. and yes, simply one of the best outdoor Summer Pools/Gyms in the city. At 560 King you have every amenity in the City, anyone needs, right at your door. **EXTRAS** Amenities Include, Security System & Concierge, 9th Floor Rooftop Infinity Pool,Cabanas,Terrace,Party Room And Gym. TTC, St Andrews Park,Dog Park, Grocerys,incl.Loblaws,Torontos best restaurants, cafes etc..
Estimate your monthly payments for this property
Estimated Payment
$2,991.09/mo
Includes CMHC insurance ($16,266)
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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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.
560 King Street Unit 1004, 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
Premium Pricing
At $1166/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 500 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 Waterfront Communities C1
I know Waterfront Communities C1 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 $2,429 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.