Building Details
Listing History for King Blue Condos
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About 355 King Street W — King Blue Condos
The strong name given to the two towers at 355 King Street West reveals the aspirations their developers, the Greenland Group, have for the site. Set for completion in 2018, the King Blue Condos offers opulent residences in the already sophisticated King West neighbourhood.
The restoration specialists, ERA Architects, worked together with the group at Page + Steele / IBI Group Architects to preserve the Westinghouse Building. This resulted in the tallest heritage façade in Canada. While the revitalization of the Westinghouse’s brickwork is indeed beautiful, above, the King Blue Condos’ two towers are captivating beacons of innovative design and engineering.
The towers’ flowing stacks of expansive balconies are reminiscent of traditional Chinese Pagodas – though much higher, at 44- and 48-storeys. That visual style seems to stem from King Blue Condos being truly a global partnership. Their groundbreaking by John Tory and Xue Beng, the Consulate General of China, signals an international investment in Toronto - in the city’s bright future.
At 355 King West, prospective buyers can expect to find more than just supremely comfortable Toronto condos for sale; this site was designed to be a social hub as well. Behind the Westinghouse façade, the towers’ podium houses Canada’s first theatre museum, the Primus Hotel, exciting commercial spaces, and a public courtyard.
Even with all that in the podium, the King Blue Condos have quite a large lobby. Its concierge service, carefully curated art, and fireplace brings a welcoming warmth and introduces a sense of community to 355 King West.
Catering to the community, the building offers magnificent amenities. The ninth floor rooftop terrace is a great place to gather, with its lively landscaping and waterfalls. Beside the terrace, Studio Munge outfitted the lounge, party room and multimedia centre expertly.
The rooftop pool can be a place to both exercise and have a party — especially since it’s got its own bar. Though residents seeking a more serious workout will be happy to hear the building boasts a fully stocked gym and yoga studio too.
The Suites
In total, there are 913 suites in 355 King West. This massive number of condos results in large range in size, from approximately 350 to almost 1,200 square feet.
Regardless of size, all the suites are suitably sophisticated for Entertainment district residents. This means oak hardwood floors throughout, floor-to-ceiling windows, and intoxicating views of the city.
The kitchens here are prepared to stage the best dinner parties. The tile backsplash, polished granite countertops, and integrated stainless steel appliances, make a great background for skillfully slicing vegetables at the generous kitchen islands available in many layouts.
The Neighbourhood
The theatre museum in the building’s podium is one of the many cultural venues easily accessible for the residents of the King Blue Condos. The TIFF Bell Lightbox is just down the street, where cinephiles can enjoy screenings of internationally acclaimed art and experimental films. Alternatively, fans of blockbusters need to only turn up Peter Street to see all the major movies showing at the Scotiabank Cinemas on Richmond Street.
Nonetheless, the condos’ section of King Street has gained and continues to warrant its reputation as Toronto’s Entertainment District thanks to its many live performances. The best local and touring companies stage productions at the Princess of Wales and Royal Alexandra theatres. Additionally, the nearby Roy Thomson Hall houses the Toronto Mendelssohn Choir and the Toronto Symphony Orchestra.
For those seeking more intimate performances, the Music Gallery, just up John Street, hosts concerts that are very cozy, especially during the summertime in its courtyard garden.
The range of shopping in the area satisfies all tastes. All the major brands can be found just north on the Queen West promenade near Spadina. More fashion forward shoppers will enjoy the independent shops west, towards the trendy Trinity Bellwoods neighbourhood. Even those seeking performance gear for outdoor adventures will be happy at 355 King West, with Mountain Equipment Co-op just across the street.
Transportation
The transit options for residents are enviable; two streetcars run past their building, the 504 King and 514 Cherry. Residents can take either to transfer onto the subway at St. Andrew subway station, on the Yonge-University-Spadina line. At the unlikely event these streetcars aren’t timely, St. Andrew Station is less than a ten-minute walk away.
It’s just a quick ride on the subway, or a fifteen-minute walk, to Union Station. There, residents can find GO Transit who operates trains and buses to the city’s surrounding towns and suburbs; the VIA Rail, a scenic connection of destinations across Canada; and the Union-Pearson express that will take travelers to the airport in only 25 minutes.
Drivers living in the King Blue Condos are well-positioned too. Richmond and Adelaide circulate traffic west and east, respectively, through downtown Toronto. For those travelling north and south, Spadina street just west of the condos is another great option for traveling within the city. Moreover, heading south down Spadina, drivers can reach the Gardiner Expressway in only about five minutes.
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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.
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Transaction Insights at 355 King Street W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|---|---|
Price Range | $416,000 - $485,000 | $490,000 - $598,000 | $575,000 - $580,000 | $935,000 | $772,500 - $840,000 | $930,000 - $1,100,000 | No Data |
Avg. Cost Per Sqft | $1,350 | $1,083 | $1,093 | $1,116 | $923 | $921 | No Data |
Price Range | $1,800 - $2,150 | $2,000 - $2,800 | $2,250 - $2,700 | $2,850 - $4,000 | $2,800 - $3,900 | $3,250 - $5,000 | No Data |
Avg. Wait for Unit Availability | 43 Days | 37 Days | 67 Days | 65 Days | 117 Days | 78 Days | No Data |
Avg. Wait for Unit Availability | 7 Days | 6 Days | 7 Days | 11 Days | 17 Days | 14 Days | 147 Days |
Ratio of Units in Building | 22% | 23% | 23% | 14% | 10% | 11% | 1% |
Unit Sales vs Inventory
Total number of units listed and sold in King West