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    705 King Street W

    The Summit II Condos
    4for Sale
    4for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    20
    Number of Units:
    304
    Condo Completion:
    1985
    Condo Demand:
    Medium
    Unit Size Range:
    349 - 1,200 SQFT
    Unit Availability:
    Low

    Listing History for The Summit II Condos

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    Amenities

    Indoor Pool
    Games Room
    Party Room
    BBQs Allowed
    Outdoor Pool
    Media Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 705 King Street WThe 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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    Explore King West

    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 condos

    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%

    Unit Sales vs Inventory

    Total number of units listed and sold in King West