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    909 - 705 King St W

    For RentThe Summit II Condos
    $1,950/mth
    Studio
    1 Bath
    0 Parking
    347 SQFT
    15 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Possession Date:
    December 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Enclosed/Solarium
    Furnished:
    No
    Exposure:
    South
    Locker:
    None
    Laundry:
    Coin Operated
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Kitchen
    Ceramic Floor, Closet
    9.71 x 5.25ft
    Living
    Combined with Br, Laminate, Closet
    18.37 x 11.16ft
    Solarium
    Laminate, Large Window, Irregular Room
    7.28 x 6.59ft

    About this Listing

    Live Large in King West! Welcome to The Summit II an iconic building in the heart of King West with unbeatable amenities and a fantastic reputation! This bright, spacious suite offers the flexibility to create your ideal downtown home, with plenty of room to create a separate living, dining, bedroom, and even an office space. Newer laminate flooring adds warmth and style in the living space and solarium, and the full wall of floor-to-ceiling windows brings in loads of natural light. (Photos of living space are from before the newer laminate floor installation - laminate colour is similar to the colour in the photo.) Enjoy stunning south-facing views over the city and the buildings exclusive outdoor park space. Step out of the building and you're in Toronto's vibrant Entertainment District - walk to everything you need! With shopping, top restaurants, TTC access, and shopping all at your doorstep, The building is perfect for a young professional or anyone who loves to live and work in the heart of it all. Plus, this buildings convenient driveway makes pick-ups, drop-offs, and deliveries easy. Enjoy premium amenities including full-time concierge and secure access; Indoor pool with hot tubs, gym, and spa; Outdoor pool with lounge areas and a hot tub; Park-like outdoor quad; a relaxing green space right in the city; Squash court; bike storage; movie theatre; visitor parking; and more! Make The Summit your downtown oasis in a condo that combines space, style, and an amazing lifestyle in the city's hottest neighbourhood!

    ExtrasEach floor has its own coin laundry at $1.50 per load - neat, clean, convenient, easy to use. Unit will be professionally cleaned prior to the tenant moving in, plus new caulking around the bathtub.

    sutton group old mill realty inc.MLS® #C10414241


    Amenities

    Party Room
    Security System
    Visitor Parking
    Outdoor Pool
    Gym Room
    Sauna

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    The Summit II Condos vs The King West Area

    Days on Strata

    Units at The Summit II Condos spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    11.7
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    72nd
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit II Condos offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Summit II Condos has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Summit II Condos yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Summit II Condos is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 705 King Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$405,000No Data$550,000 - $635,000No Data$670,000 - $750,000
    Avg. Cost Per Sqft$1,114No Data$810No Data$781
    Avg. Wait for Unit Availability116 Days392 Days44 Days1089 Days174 Days
    Ratio of Units in Building27%7%51%7%10%

    Transactions vs Inventory

    Total number of units listed and leased in King West