Building Details
Listing History for The Summit II Condos
Amenities
Maintenance Fees
About 705 King Street W — The Summit II Condos
The Summit II was built in 1985 — long before new conversions and towering high-rises were the buzz of King West neighbourhood. The Summit II is a 12-storey condominium housing 304 downtown Toronto condos at 705 King St West; with spacious units and a great location, this property holds its own against newer developments in the area. This building is part of a 3 phase development that includes The Summit Condos, and The Summit III Condos.
The building’s exterior is comprised of red brick and large panels of glass, and the property itself is quite large, which allows for impressive amenities: large outdoor pool, hot tub, sauna, fitness centre, games room, business centre, squash court, theatre, 24 hour concierge, security guard, and parking garage.
705 King Street W is an incredible location — with restaurants and bars on King, boutique shopping on Queen, several green spaces in the area, and it’s just a short walk to the Entertainment District. This building is a great choice for young professionals, small families, and first-time home buyers who are looking for an affordable condo in an exciting neighbourhood.
The Suites
The Summit II is a tree-shrouded property, with gardens, green spaces on site, and plenty of enticing amenities; in addition to all of this, suites in this building are spacious and well-appointed. Condos are based on a variety of layouts, and sizes range from 398 square feet for a studio to roughly 1100 for a 2 bedroom + den.
Suites at The Summit II have huge window-walls ensuring that units are filled with sunlight in the daytime. Many units have seen some form of personalization over the years so finishes will likely vary between units, but prospective buyers can expect hardwood floors, updated kitchens, and spacious master bedrooms; there are no private balconies, but residents have shared access to a large green space behind the building.
Units in this building have great value and are below the average price per square foot of other King West condos for sale — this presents an opportunity for investors, as King West continues to be one of the most desirable neighbourhoods in the city.
The Neighbourhood
As a resident of 705 King St W you have a vibrant nightlife just outside your front door — and a short trip to the Entertainment District for Toronto’s biggest attractions. Walk a few minutes east and you’ll arrive at Bier Markt King West for a vast selection of beers, or there’s Bar Buca for wine and a meal, continue on King and you have a wealth of pubs and bars like Early Mercy, Fynn’s of Temple Bar, Belfast Love Public House, Bar Hop, Underground Garage Urban Saloon/UG LOFT and Patio, and many more.
If you’re hungry and in the mood for a unique dining experience, then you have some excellent restaurants to choose from in your neighbourhood — there’s Lee for French and Asian dishes, Spice Route for Indo-Chinese, Pizzeria Libretto for a wood-fired pizza, Wilbur Mexicana for tacos, and Jacobs & Co. Steakhouse for that picture perfect steak; as a bonus, many restaurants on King are open late, perfect for a bite after a night on the town.
And if you have a shopping itch that must be scratched — you can stroll north to Queen for a vast selection of shops for everything from DIY materials to upscale fashion and accessories. Afterward you can grab a coffee at Early Bird Coffee & Kitchen and head to Trinity-Bellwoods Park for a picnic, or relax closer to home at Stanley Park.
Transportation
705 King St W has a Walk Score of 96, ideal for residents who prefer to run errands on foot; groceries are easy at The Summit II, as The Kitchen Table is located on the ground floor of your building. There’s also a Shoppers Drug Mart just a few block west for any prescription purchases.
Those who rely on TTC service have streetcars outside their building on King for east and west travel, and buses on Bathurst for northbound and southbound transit, connecting you to the TTC network for travel throughout the city.
Drivers have quick access to the Gardiner Expressway by heading south on Spadina to Lakeshore Boulevard for the nearest on-ramp.
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Price Cut: $150 (Nov 8)
Price Cut: $200 (Nov 9)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
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Building Trends At The Summit II Condos
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List vs Selling Price
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High Demand
Transaction Insights at 705 King Street W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|---|
Price Range | $405,000 | No Data | $550,000 - $635,000 | No Data | $670,000 - $750,000 |
Avg. Cost Per Sqft | $1,114 | No Data | $810 | No Data | $781 |
Price Range | $1,900 - $2,200 | No Data | $2,575 - $3,200 | No Data | $3,300 - $4,100 |
Avg. Wait for Unit Availability | 116 Days | 336 Days | 45 Days | 1089 Days | 174 Days |
Avg. Wait for Unit Availability | 73 Days | 1030 Days | 54 Days | 414 Days | 165 Days |
Ratio of Units in Building | 27% | 8% | 50% | 7% | 10% |
Unit Sales vs Inventory
Total number of units listed and sold in King West