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 309 at Corktown District I Lofts
For Sale569 King Street E 309, Toronto C08, ON M5A 1M5
MLS #C8128090
$699,000
Listed Price
About This Property
Discover chic urban living in this trendy Corktown condo, ideally located near King and Queen Street streetcars, Distillery District, and Canary Wharf. Perfect for downtown enthusiasts, it offers easy access to Gardiner Expressway and Don Valley Parkway. This 700-square-foot unit features a smart, space-efficient layout. Officially a one-plus-one bedroom, it includes a cozy second room, ideal as a nursery or home office, complementing the primary bedroom. The heart of this home is the open-plan living area and kitchen, perfect for socializing and relaxation. A semi-ensuite bathroom adds convenience and luxury. The highlight is the expansive back terrace, a rare downtown escape for barbecues or an outdoor retreat. Situated in a boutique-sized building, this condo is a stylish entry point into the Toronto market, appealing to young professionals or those seeking a fashionable, convenient lifestyle. A unique urban gem in a vibrant neighborhood.
Investment Analysis
$3,473
Est. Monthly Rent
Based on $5/sqft
5.96%
Gross Yield
Before expenses
4.38%
Net Yield
After expenses
16.8
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($682/mo) and property tax ($2,872/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$932/sqftCorktown District I Lofts
$911/sqft+2.3%
Moss Park
$885/sqft+5.3%
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 4.38% after maintenance and taxes.
Analysis based on 4 sales and 5 leases in this building. Unit size estimated at 750 sqft.
Property Details
Bedrooms
2
Bathrooms
1
Square Feet
700-799 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypeUnderground
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2156
MLS Size700-799
Listed OnMar 7, 2024
Maintenance Fees$682/month
Property Tax$2,872/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Main) | 3.18 x 2.84 | 10.4 x 9.3 | - |
| Living Room(Main) | 3.18 x 2.84 | 10.4 x 9.3 | - |
| Living Room(Main) | 4.04 x 3.48 | 13.3 x 11.4 | - |
| Living Room(Main) | 4.04 x 3.48 | 13.3 x 11.4 | - |
| Kitchen(Main) | 2.62 x 2.39 | 8.6 x 7.8 | - |
| Kitchen(Main) | 2.62 x 2.39 | 8.6 x 7.8 | - |
| Primary Bedroom(Main) | 3.02 x 2.92 | 9.9 x 9.6 | - |
| Primary Bedroom(Main) | 3.02 x 2.92 | 9.9 x 9.6 | - |
| Den(Main) | 3.07 x 2.92 | 10.1 x 9.6 | - |
| Den(Main) | 3.07 x 2.92 | 10.1 x 9.6 | - |
| Foyer(Main) | 1.7 x 1.4 | 5.6 x 4.6 | - |
| Foyer(Main) | 1.7 x 1.4 | 5.6 x 4.6 | - |
Unit 309 History
Complete transaction history for this unit
Leased
Leased: Apr 30, 2024
$2,900/mo
+$100 (3.6%)
Listed: $2,800• 9 days on market• Lease
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Unit 406
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Unit 301
569 King Street E 301, Toronto C08, ON M5A 1M5
Residential Condo & Other|$645 fees|$2765 tax
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Available For Sale in This Building
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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 309 at Corktown District I Lofts
Unit 309 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 700-799 square feet located at Corktown District I Lofts, 569 King St E, Toronto. This unit is currently for sale at $699K.
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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