$519,800 - 801 King Street Unit 1120, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Niagara
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- MLS Number
- C13757622
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $2,494
- Maintenance Fees
- $805/mo
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Welcome to CitySphere, where an impressive 11th-floor setting, thoughtfully renovated interior and exceptional King West location come together. This spacious 1-bedroom plus den suite enjoys an elevated outlook beyond the neighbouring building, creating a greater sense of openness. The open-concept renovation gives the suite distinctive contemporary character. The kitchen features custom stainless-steel countertops and breakfast bar, stainless-steel appliances, high-arc faucet and lighting. The former solarium has been opened to the living area, creating a brighter, more generous space framed by floor-to-ceiling windows. Laminate flooring, a custom stainless-steel ceiling fan, window seating and gallery-style art rails throughout add detail. The bedroom offers a feature rarely found in comparable suites: a walk-in closet with extensive shelving and sleek glass doors. The bathroom features oversized Roman-style tiles, shower with rainfall shower head and double stainless-steel shower rod, plus stainless-steel countertop, sink and lighting. CitySphere stands out for its extensive recreation and outdoor amenities. Enjoy a rare private tennis court, playground and expansive rooftop garden and terrace with hot tub, running track, BBQs, multiple seating areas, plus skyline and lake views. Indoor amenities include a fitness centre, dry sauna, updated steam room and large party/meeting room. Residents also enjoy 24-hour concierge, visitor parking and secure bicycle storage. The location puts you in the heart of King West while offering a welcome retreat from the downtown core. Streetcars and public transit are at your door, with Stanley Park, Trinity Bellwoods Park, Stackt Market, the Entertainment District and an outstanding selection of restaurants, cafés and nightlife nearby. Billy Bishop Toronto City Airport is within easy reach. Maintenance fees include heat, hydro, A/C and water, with only internet and cable extra. Move in or invest - tenant willing to stay or go.
Estimate your monthly payments for this property
Estimated Payment
$2,666.84/mo
Includes CMHC insurance ($14,502)
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.
801 King Street Unit 1120, 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 $866/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 29 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. The $805/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 600 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 $2,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.