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Unit 506 at Corktown District I Lofts

For Sale

569 King Street E 506, Toronto, ON M5A 1M5

MLS #C12084381

$749,000

Listed Price

About This Property

Client RemarksWelcome to modern loft living at its finest in the heart of Corktown! This stunning open-concept loft features 10-foot ceilings and floor-to-ceiling windows, showcasing unobstructed southern views that flood the space with sunlight all day long. Perfect for entertaining, the large living area flows seamlessly onto a huge balcony with a gas hook-up ideal for BBQs or relaxing in the sun while the recently updated kitchen boasts modern appliances, with a rough-in for a gas stove, perfect for the refined home chef looking to customize their space. With custom window blinds, a custom-built walk-in closet, and an excellent layout, this move-in-ready home offers both style and functionality, complete with in-suite washer/dryer and a large underground parking spot and locker. Enjoy the best of urban living with premium building amenities like a gym, party room, and rooftop patio, all just steps from the TTC, upcoming Ontario Line, and vibrant neighbourhoods like the Distillery District, St. Lawrence Market, Leslieville, and the Port Lands, with easy access to the Gardiner and DVP making this south-facing Corktown gem the perfect blend of luxury, convenience, and investment potential in one of Torontos most sought-after locations.

Investment Analysis

$3,010
Est. Monthly Rent
Based on $5/sqft
4.82%
Gross Yield
Before expenses
3.33%
Net Yield
After expenses
20.7
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($688/mo) and property tax ($2,918/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,152/sqft
Corktown District I Lofts
$911/sqft+26.5%
Moss Park
$885/sqft+30.2%
Toronto C08
$884/sqft
Building PSF Range
$877$922

Premium Pricing

This unit is priced 26.5% above the building average. This may reflect premium features, views, or floor level.

Analysis based on 4 sales and 5 leases in this building. Unit size estimated at 650 sqft.

Property Details

Bedrooms

2

Bathrooms

1

Square Feet

600-699 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeFan Coil
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2156
MLS Size600-699
Listed OnApr 14, 2025
Maintenance Fees$688/month
Property Tax$2,918/year

Rooms

NameSize (m)Size (ft)Features
Living Room(Main)7.22 x 4.1523.7 x 13.6-
Dining Room(Main)7.22 x 4.1523.7 x 13.6-
Kitchen(Main)7.22 x 4.523.7 x 14.8-
Primary Bedroom(Main)3.05 x 2.7510.0 x 9.0-
Den(Main)3.84 x 2.3812.6 x 7.8-

Unit 506 History

Complete transaction history for this unit

Leased

Leased: Apr 30, 2025

$2,850/mo

+$50 (1.8%)

Listed: $2,8002 days on marketLease
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2 More Transactions Available

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OQ

Your Agent

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 TypeUnderground

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About Unit 506 at Corktown District I Lofts

Unit 506 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 600-699 square feet located at Corktown District I Lofts, 569 King St E, Toronto. This unit is currently for sale at $749K.

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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