Sold
$624,000
2bed|1bath|700-799sqft
1 parking|1 locker
Unit 409
569 King Street E 409, Toronto C08, ON M5A 1M5
Residential Condo & Other|$772 fees|$3280 tax
MLS #C12807540
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Unit 406 at Corktown District I Lofts
Sold569 King Street E 406, Toronto C08, ON M5A 1M5
MLS #C9249709
$783,500
Sold on October 30, 2024
October 30, 2024
Originally listed at $799,900 24 days on market
About This Property
Highly functional and spacious two-bedroom loft in a sought-after, intimate, mid-sized building in one of Toronto's hottest neighbourhoods - buzzing Corktown! Industrialised style: polished concrete floors, exposed venting, 10-foot ceilings, wall-to-wall windows, sliding door walk-out to large private balcony with BBQ Connection. Airy and bright. Quality finishes in kitchen: stainless steel appliances, stone counters, custom island, backsplash, white cabinetry. Walk-in closet in primary, ensuite laundry, lots of storage. Useful, wide foyer. Amazing location walk to amenities, restaurants/cafes, TTC at door, straight streetcar line to financial/entertainment districts. Minutes to DVP, Gardiner, Lakeshore, SLM and Core.
Investment Analysis
$3,936
Est. Monthly Rent
Based on $5/sqft
5.9%
Gross Yield
Before expenses
4.24%
Net Yield
After expenses
16.9
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($824/mo) and property tax ($3,433/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$941/sqftCorktown District I Lofts
$911/sqft+3.3%
Moss Park
$885/sqft+6.3%
Toronto C08
$884/sqft
Building PSF Range
$877$922
Fair Market Price
This unit is priced in line with the building average of $911/sqft. Expected net yield of 4.24% after maintenance and taxes.
Analysis based on 4 sales and 5 leases in this building. Unit size estimated at 850 sqft.
Property Details
Bedrooms
2
Bathrooms
1
Square Feet
800-899 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypePrivate
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2156
MLS Size800-899
Listed OnAug 11, 2024
Maintenance Fees$824/month
Property Tax$3,433/year
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Living Room(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Dining Room(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Dining Room(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Kitchen(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Kitchen(Main) | 5.03 x 5.45 | 16.5 x 17.9 | - |
| Primary Bedroom(Main) | 2.47 x 3.66 | 8.1 x 12.0 | - |
| Primary Bedroom(Main) | 2.47 x 3.66 | 8.1 x 12.0 | - |
| Bedroom 2(Main) | 2.84 x 2.38 | 9.3 x 7.8 | - |
| Bedroom 2(Main) | 2.84 x 2.38 | 9.3 x 7.8 | - |
| Foyer(Main) | 4.51 x 1.25 | 14.8 x 4.1 | - |
| Foyer(Main) | 4.51 x 1.25 | 14.8 x 4.1 | - |
Room Dimensions Available
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Price History
Original List Price
$799,900
Listed on Aug 11, 2024
Sold Price
$783,500
Sold on Oct 30, 2024
-$16,400
-2.1%
24 days on market
Price History Available
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Similar Sold Units in This Building
Sold
$690,000
2bed|1bath|700-799sqft
1 parking|1 locker
Unit 503
569 King Street E 503, Toronto C08, ON M5A 1M5
Residential Condo & Other|$832 fees|$3544 tax
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Sold
$657,500
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Unit 301
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Sold
$780,000
2bed|1bath|846sqft
1 parking|1 locker
Unit 408
569 King Street E 408, Toronto C08, ON M5A 1M5
Residential Condo & Other|$813 fees|$3318 tax
MLS #C8328922
View complete sale history and details
Available For Sale in This Building
OQ
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OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Building Information
Building NameCorktown District I Lofts
Address569 King St E, Toronto
Parking TypePrivate
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About Unit 406 at Corktown District I Lofts
Unit 406 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 800-899 square feet located at Corktown District I Lofts, 569 King St E, Toronto. This unit is currently sold (sold for $784K).
About Corktown District I Lofts
Corktown District I Lofts is located at 569 King St E, Toronto in Toronto C08. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.
Moss Park Neighbourhood
This unit is located in Moss Park, part of Toronto C08 in the Toronto area. Explore more condos for sale and rent in this community.
Part of Corktown District Lofts
Corktown District I Lofts is part of the Corktown District Lofts development. Explore all buildings and available units within this prestigious multi-building community.
Whether you're looking to buy, sell, or rent at Corktown District I Lofts, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.
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