$1,099,888 - 781 King Street Unit 602, Downtown Toronto
Condo for Sale in Downtown Toronto
43 days on marketNeighbourhood: Niagara
- MLS Number
- C13553008
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- QUEENSWAY REAL ESTATE BROKERAGE INC.
Authentic penthouse loft in the heart of King West! Gotham lofts is a boutique building known for its character and charm. Suite 602 offers 1050+ sq ft with exposed wood beams, soaring 10ft+ wood ceilings, exposed ductwork and original brick accent walls. With hardwood floors throughout & updated bathrooms this penthouse suite has been revamped. As you walk in, natural light welcomes you through the skylight and large windows offer captivating North views. Indulge in your culinary passions in the custom chef's kitchen featuring built-in microwave and oven, paneled Bosch dishwasher complemented by a Monogram stovetop. Underground parking and a spacious locker are included. Situated close to an endless list of nightlife hotspots, entertainment options, parks and renowned restaurants, not to mention TTC accessibility right at your doorstep. Only a short trip to the Rogers Centre, CN tower, MTCC, Liberty Village, Exhibition Place, Budweiser Stage, Billy Bishop Airport and much more! Walk Score 99,Transit Score 95, Bike Score 94.
Estimate your monthly payments for this property
Estimated Payment
$4,865.17/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 602, 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
Fair Market Value
At $1100/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $4,583 (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.