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 408 at Corktown District I Lofts
Sold569 King Street E 408, Toronto C08, ON M5A 1M5
MLS #C8328922
$780,000
Sold on June 25, 2024
June 25, 2024
Originally listed at $799,000 21 days on market
About This Property
Welcome to Corktown District Condos! A Modern Loft Boutique Building in the heart of one of Toronto's trendiest and vibrant communities. Visualize yourself in a bright, open concept and spacious 840 + Sq. ft., 1 Bed + Den. This broad unit boasts 10-Ft ceilings and coveted polished concrete floors throughout, modern custom design kitchen with stainless steel appliances, extra large den that can easily be used as a second bedroom, contemporary track lighting, sliding doors walk-out to a huge balcony with gas hook-up that is just perfect for entertaining. Walking distance to galleries, markets, cafes, Corktown Commons, the Distillery District and just minutes from the downtown Toronto core.
Investment Analysis
$3,917
Est. Monthly Rent
Based on $5/sqft
5.88%
Gross Yield
Before expenses
4.25%
Net Yield
After expenses
17
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($813/mo) and property tax ($3,318/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$944/sqftCorktown District I Lofts
$911/sqft+3.6%
Moss Park
$885/sqft+6.7%
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 4.25% after maintenance and taxes.
Analysis based on 4 sales and 5 leases in this building. Unit size estimated at 846 sqft.
Property Details
Bedrooms
2
Bathrooms
1
Square Feet
846 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2156
MLS Size800-899
Listed OnMay 9, 2024
Maintenance Fees$813/month
Property Tax$3,318/year
Property Details Available
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Foyer(Flat) | 1.09 x 1.27 | 3.6 x 4.2 | - |
| Foyer(Flat) | 1.09 x 1.27 | 3.6 x 4.2 | - |
| Foyer(Flat) | 1.09 x 1.27 | 3.6 x 4.2 | - |
| Kitchen(Flat) | 2.87 x 4.11 | 9.4 x 13.5 | - |
| Kitchen(Flat) | 2.87 x 4.11 | 9.4 x 13.5 | - |
| Kitchen(Flat) | 2.87 x 4.11 | 9.4 x 13.5 | - |
| Dining Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Dining Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Dining Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Living Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Living Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Living Room(Flat) | 5.79 x 4.87 | 19.0 x 16.0 | - |
| Primary Bedroom(Flat) | 3.05 x 3.05 | 10.0 x 10.0 | - |
| Primary Bedroom(Flat) | 3.05 x 3.05 | 10.0 x 10.0 | - |
| Primary Bedroom(Flat) | 3.05 x 3.05 | 10.0 x 10.0 | - |
| Bedroom 2(Flat) | 3.07 x 2.69 | 10.1 x 8.8 | - |
| Bedroom 2(Flat) | 3.07 x 2.69 | 10.1 x 8.8 | - |
| Bedroom 2(Flat) | 3.07 x 2.69 | 10.1 x 8.8 | - |
| Bathroom(Flat) | 2.39 x 1.6 | 7.8 x 5.2 | - |
| Bathroom(Flat) | 2.39 x 1.6 | 7.8 x 5.2 | - |
| Bathroom(Flat) | 2.39 x 1.6 | 7.8 x 5.2 | - |
| Other(Flat) | 1.27 x 1.32 | 4.2 x 4.3 | - |
| Other(Flat) | 2.41 x 8.26 | 7.9 x 27.1 | - |
| Other(Flat) | 1.27 x 1.32 | 4.2 x 4.3 | - |
| Other(Flat) | 1.27 x 1.32 | 4.2 x 4.3 | - |
| Other(Flat) | 2.41 x 8.26 | 7.9 x 27.1 | - |
| Other(Flat) | 2.41 x 8.26 | 7.9 x 27.1 | - |
Room Dimensions Available
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Price History
Original List Price
$799,000
Listed on May 9, 2024
Sold Price
$780,000
Sold on Jun 25, 2024
-$19,000
-2.4%
21 days on market
Price History Available
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Similar Sold Units in This Building
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$690,000
2bed|1bath|700-799sqft
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Unit 406
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Sold
$657,500
2bed|1bath|700-799sqft
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Unit 301
569 King Street E 301, Toronto C08, ON M5A 1M5
Residential Condo & Other|$645 fees|$2765 tax
MLS #C8323382
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Available For Sale in This Building
OQ
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OVAIS QASSIM
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Building Information
Building NameCorktown District I Lofts
Address569 King St E, Toronto
Parking TypeUnderground
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About Unit 408 at Corktown District I Lofts
Unit 408 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 $780K).
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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