$714,900
701 King Street W 1007, Toronto, ON M5V 2W7
Niagara · Toronto · M5V 2W7
Listing brokerage: COLDWELL BANKER THE REAL ESTATE CENTRE
- Beds
- 2
- Baths
- 2
- Sq ft
- 1000–1199
- Parking
- 1
Monthly costs
Maintenance
$1,035/mo
$0.99 per sq ft
Property taxes
$258/mo
$3,092 a year (2025)
About $1,292 a month in fees and taxes, before the mortgage.
The fee covers
- Covered: Water
- Covered: Common Elements
- Covered: Building Insurance
- Not covered: Heat
- Not covered: Hydro
- Not covered: Air conditioning
Bills not covered are paid by the owner.
For investors: Likely rent controlled: yearly increases capped by Ontario's guideline. Ontario rules
The unit
- Exposure
- South East
- Parking
- 1 spot · Underground
- Locker
- None
- Balcony
- None
- Laundry
- Coin Operated, Multiple Locations, Laundry Room, In Hall
- Age
- 31-50 years
- Possession
- 30 Days TBD
The building
The Summit
701 King St W · King West
- 2 for rent
- 13 floors
- 206 suites
About this home
Welcome to Suite 1007 at The Summit, one of Toronto's most notable & enduring buildings in the downtown landscape! The Summit has stood the test of time when it comes to condo living, built in an era when buildings were designed with space, quality & longevity in mind. Nearly four decades later, that sentiment still rings true with maintenance fees of under $1.00/sqft., a reflection of a well-established & efficiently managed building. Step inside & you're immediately greeted by the charm & warmth of a home that has been lovingly owned & cared for by the same owner for 37 years. The custom-built media unit is an entertainer's dream & perfectly separates the living room from the kitchen (renovated, 2024), primary bathroom (renovated, 2024) & bedroom areas. The living room is one of the rarest in the downtown core, offering the homeowner a cozy wood-burning fireplace - a feature only available to similar suites from the 9th floor to the penthouse. There is a sense of character & comfort here that is increasingly difficult to find in today's newer, more compact condo spaces. Perfectly positioned at King & Bathurst, this is downtown Toronto living at its finest. With a Walk Score of 99, the location truly puts the best of the city right outside your door. The King West strip, Queen West, restaurants, cafés, nightlife, shopping & everyday conveniences are all within easy reach. Enjoy a morning coffee at Forno Culture, stop by Harriet's Rooftop for a meal / happy hour, & finish off your evening with a drink at the Wheat Sheaf! You're also just minutes from the Entertainment District, Rogers Centre, CN Tower, & waterfront. Beyond the nearby amenities, The Summit offers an impressive list of in-house amenities, including indoor & outdoor pools, fitness facilities, recreational spaces, squash courts, a hot tub, security & beautifully maintained grounds. The laundry room is on the same level as the unit. Don't miss this chance to upgrade your lifestyle & call suite 1007 home!
All details23 more from the listing · Interior, Building, Heating, Parking, Exterior, Taxes, Listing
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Size
- 1000-1199 sq ft
- Fireplace
- Living Room
Features
- Other
Building & Amenities
- Floor
- 10
- Property management
- Shelter Canadian Properties
Amenities
- Concierge
- Indoor Pool
- Gym
- Squash/Racquet Court
- Game Room
- Visitor Parking
Heating & Cooling
- Heating
- Heat Pump
- Heat source
- Electric
- Cooling
- Central Air
Parking
- Covered spaces
- 1
Exterior & Lot
- Style
- Apartment
- Exterior
- Brick
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- C13858266
- Type
- Condo Apartment
- Transaction
- For Sale
- Neighbourhood
- Niagara
- Cross streets
- King & Bathurst
Rooms · 8Living Room, Dining Room, Kitchen, Solarium, Primary Bedroom, Bedroom 2, Washroom ×2
Living Room
Main
5.58 × 3.54 m · 18′4″ × 11′7″
Fireplace, Broadloom, Window Floor to Ceiling
Dining Room
Main
5.58 × 3.54 m · 18′4″ × 11′7″
Broadloom, SE View, Window Floor to Ceiling
Kitchen
Main
2.41 × 7.30 m · 7′11″ × 23′11″
Stainless Steel Appl, Renovated, B/I Range
Solarium
Main
2.71 × 2.62 m · 8′11″ × 8′7″
Broadloom, B/I Bookcase, Window Floor to Ceiling
Primary Bedroom
Main
4.76 × 3.23 m · 15′7″ × 10′7″
Large Closet, Broadloom, SE View
Bedroom 2
Main
3.84 × 2.93 m · 12′7″ × 9′7″
Broadloom, Closet, Overlooks Living
4-piece washroom
Main
3-piece washroom
Main
History
Past listings and sales for this home and building.
Location
701 King Street W 1007, Toronto, ON M5V 2W7 · Near King & Bathurst
Monthly cost
Estimated monthly cost
$4,458/mo
- Mortgage
- $3,165
- Property tax
- $258
- Maintenance
- $1,035
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$167,129
$142,980 down + $24,149 to $25,399 in closing costs
- Ontario land transfer tax
- $10,773
- Toronto land transfer tax
- $10,773
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Status certificate
- $100
- Property tax adjustment
- $152
- Condo fee adjustment
- $601
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
Other homes in The Summit
2
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$714,900
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