501-224 King Street West St
Waterfront Communities C1, Toronto, Ontario M5H 0A6
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 900–999sq ft
- Per sq ft
- $747at the range’s middle
- Tax a year
- $4,5012025 tax year
- Parking
- 0underground
- Days on market
- Members
The brief
About 501-224 King Street West St
501-224 King Street West St is a 1-bedroom, 1-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $709,000 (MLS® C13751562).
Welcome to Theatre Park at 224 King Street West .One of the downtown core's most sought-after boutique addresses, positioned directly across from Roy Thomson Hall and steps to the best of the Entertainment & Financial Districts. This rarely offered, expansive wide-set 1-bedroom soft loft features striking exposed concrete walls and ceilings, soaring 9-foot heights, and expansive floor-to-ceiling windows that flood the space with natural light. Enjoy a phenomenal, functional layout designed for seamless entertaining and effortless urban living. The building boasts top-tier amenities, including a striking outdoor pool, a fully equipped fitness center, a 24-hour concierge. Don't miss this prime opportunity to secure a true luxury loft footprint in the heart of the city
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall14/100−$2,029/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 190 condos with 1 bedroom for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,501 / 2025
- MLS® number
- C13751562
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 900-999 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- ask about furniture
- Condo maint.
- $819
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.56 × 5.79 m | Combined W/Dining, Window Flr to Ceil, hardwood floor | Flat |
| Dining | 4.56 × 5.79 m | Combined W/Kitchen, Double Closet, Open Concept | Flat |
| Kitchen | 4.56 × 5.79 m | B/I Appliances, Combined W/Dining, Open Concept | Flat |
| Br | 2.59 × 4.63 m | Large Closet, hardwood floor | Flat |
Listing history
Buy/sell history for 501-224 King Street West St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $709,000 | N/A | Pc | C13751562 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $141,800
- Total mortgage amount
- $567,200
- Total interest payment
- $403,300
- Total purchase cost
- $1,112,300
- Mortgage payment
- $3,235/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
70%Monthly carrying cost
$4,429- Rent $2,400
- Shortfall $2,029
Rental income opens at $2,400, the median asking rent of 190 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $10,655
- Toronto municipal land transfer tax
- $10,655
- Total land transfer tax
- $21,310
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $12,835
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $709,000
- $6,180
- Ontario total
- $10,655
Toronto’s municipal tax uses the same brackets at this price, so it adds another $10,655.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m122 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 327 building permits issued within 250 m in the last 2 years250 m
- 41 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.5 km1.5 km
- Mapped parcel: about 6,620 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 470 m470 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 140 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (0 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
220 KING ST WOfficial plan or zoning amendmentOMB Appeal
Proposal for an 80-storey mixed-use building containing 569 rental dwelling units (down from 588 in the initial application). The proposed building will have a non-residential gross floor area of 81,535 square metres (up from 75,002 square metres) and a residential gross floor area of 38,679 square metres (down from 41,862 square metres). The proposal conserves the three existing heritage buildings on site and proposes a publically accessible interior courtyard, including north-south mid-block connection.
30 m away220 KING ST WSite planUnder Review
Site Plan approval for an 80-storey mixed-use building having a non-residential gorss floor area of 75,002.35 square metres, and a residential gross floor area of 41,861.86 square metres. A total of 588 purpose built rental units are proposed.
30 m away220 KING ST WPlan of subdivisionUnder Review
Draft Plan of subdivison for 5 blocks.
30 m away260 KING ST WCondominiumUnder Review
*** Draft Plan of Condominium for 2038 units.
30 m away214 KING ST WSite planUnder Review
Site Plan approval for an 80-storey mixed-use building having a non-residential gorss floor area of 75,002.35 square metres, and a residential gross floor area of 41,861.86 square metres. A total of 588 purpose built rental units are proposed.
40 m away214 KING ST WPlan of subdivisionUnder Review
Draft Plan of subdivison for 5 blocks.
40 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 632
- Median asking price
- $629K
- New in 7 days
- 68
- Price cuts
- 21%
Middle half: $539K to $838K
250 in 28 days
132 listings
This home is asking 13% above the median.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 200 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 400 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 650 m |
| King Station | TTC subway: Line 1 Yonge-University | 750 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 800 m |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 700 m | 72%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.1 km | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 1.1 km | 83%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.6 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1 km | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1.1 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.1 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.8 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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