$1,249,999 - 781 King Street Unit 503, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Niagara
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- MLS Number
- C13824156
- Property Type
- Condo
- Status
- active
- Days on Site
- 13
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $4,638
- Maintenance Fees
- $1,130/mo
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
Located in the heart of King St W, just minutes from Toronto's renowned nightlife, restaurants, and entertainment, Unit 503 is a spectacular 1,200 sq. ft. loft in a historic garment factory. Fully renovated with over 250k invested in upgrades, this exceptional residence seamlessly blends original character with sophisticated modern design. Original wood features and soaring 10-foot ceilings are complemented by elegant herringbone flooring, creating a warm and refined atmosphere throughout. The chef-inspired kitchen features striking Kolkata Verde countertops with a waterfall island, sleek black cabinetry, and upgraded appliances, including a built-in oven and range, refrigerator, dishwasher, and stacked washer and dryer. A modern bar with a dedicated wine fridge adds the perfect touch for entertaining. The spacious primary retreat offers a luxurious ensuite with double sinks, a deep soaking tub, and a glass-enclosed shower featuring a steam room. Both the primary bathroom and powder room are finished with sophisticated full-height tiling and carefully selected contemporary fixtures. At the center of the loft, an Italian lime Romario-washed dividing wall with a dramatic double-sided fireplace creates a striking architectural focal point while thoughtfully defining the living spaces. Additional features include a dedicated storage room with custom shelving and hooks, plus an extended closet outfitted with custom organizers for exceptional storage. A rare opportunity to own a meticulously renovated loft that pairs authentic Toronto character with elevated contemporary finishes all in one of the city's most vibrant neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/mo
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.
781 King Street Unit 503, 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 $1250/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.
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. The $1130/month fees should cover building insurance, common elements, and reserve contributions.
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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.