1403-224 King St
Waterfront Communities C1, Toronto, Ontario M5H 0A6
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900–999sq ft
- Per sq ft
- $1,041at the range’s middle
- Tax a year
- $5,0372025 tax year
- Built
- 6-10
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1403-224 King St
1403-224 King St is a 2-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $988,000 (MLS® C14102728).
Welcome To 224 King St W, Unit 1403, An Upgraded 2-Bedroom, 2-Bathroom Corner Suite In The Heart Of Downtown Toronto! Over $10K of Recent Upgrades Include Fresh Paint, New Engineered Hardwood Flooring Throughout, Baseboards, Light Fixtures, And Mirrors in Two Bathrooms. This Inviting Home Features An Open-Concept Layout With Soaring 9-Foot Ceilings And Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Spacious Living And Dining Areas Flow Seamlessly Into The Modern Kitchen, Complete With Stainless Steel Appliances And A Centre Island That Doubles As A Breakfast Bar. The Primary Bedroom Offers A Generous Walk-In Closet With An Organizer And A Private 4-Piece Ensuite. Enjoy An Impressive Selection Of Amenities, Including An Outdoor Pool, Fitness Centre, Party/Meeting Room, 24-Hour Concierge Service, And More. Unbeatable Downtown Convenience Puts You Steps From St. Andrew And Union Subway Stations, David Pecaut Square, Parks, Grocery Stores, And A Fantastic Variety Of Dining Options. With Easy Access To The Gardiner Expressway, This Exceptional Urban Residence Offers The Perfect Blend Of Comfort, Style, And Convenience!
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall11/100−$2,860/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 287 condos with 2 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,037 / 2025
- MLS® number
- C14102728
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 6-10
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 900-999 sqft
- Building Age
- 6-10
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 2 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Existing Fridge, B/I Microwave With Hood Fan, Gas Cooktop, Oven, B/I Dishwasher, Washer & Dryer. Existing Light Fixtures. 1 Locker & 1 Parking Is Included.
- Condo maint.
- $932
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.69 × 7.44 m | Combined W/Dining, Open Concept, W/O To Balcony | Main |
| Dining | 3.69 × 7.44 m | Combined W/Living, Combined W/Kitchen, Open Concept | Main |
| Kitchen | 3.69 × 7.44 m | Stainless Steel Appl, Centre Island, O/Looks Dining | Main |
| Br | 3.44 × 3.99 m | 4 Pc Ensuite, W/I Closet, Window Flr to Ceil | Main |
| 2nd Br | 2.47 × 3.51 m | Sliding Doors, Large Closet, Window Flr to Ceil | Main |
Listing history
Buy/sell history for 1403-224 King St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $988,000 | N/A | Sc | C14102728 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $197,600
- Total mortgage amount
- $790,400
- Total interest payment
- $562,000
- Total purchase cost
- $1,550,000
- Mortgage payment
- $4,508/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
71%Monthly carrying cost
$5,860- Rent $3,000
- Shortfall $2,860
Rental income opens at $3,000, the median asking rent of 287 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,235
- Toronto municipal land transfer tax
- $16,235
- Total land transfer tax
- $32,470
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $23,995
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $988,000
- $11,760
- Ontario total
- $16,235
Toronto’s municipal tax uses the same brackets at this price, so it adds another $16,235.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
5 building permits cleared at this address in the City’s file.
Interior AlterationsClosed
Proposal for interior alterations to a portion of the ground floor for renovations to the main lobby of this mixed use condominium building.
Issued March 17, 2023
Balcony/Guard RepairsClosed
Proposal for (exterior) waterproofing & concrete repairs to the existing balconies at all the residential suites of this mixed use condominium building.
Issued January 11, 2023
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations to the ground floor, 2nd floor podium, and 3rd floor for new restaurant . "Queue De Cheval"
Issued August 24, 2022
Interior AlterationsClosed
Rev 01: entire new interior layout for a new RESTAURANTProposal for interior alterations to the ground floor, 2nd floor podium, and 3rd floor for new restaurant . "Queue De Cheval"
Issued August 18, 2022
Building Permit Related(PS)Closed
Rev 01: New plumbing for new interior layout for new tenant. Plumbing - Proposal for interior alterations to the ground floor, 2nd floor podium, and 3rd floor for new restaurant . "Queue De Cheval"
Issued June 3, 2022
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
220 KING ST WOfficial plan or zoning amendmentOMB Appeal
Proposal for an 80-storey mixed-use building containing 569 rental dwelling units (down from 588 in the initial application). The proposed building will have a non-residential gross floor area of 81,535 square metres (up from 75,002 square metres) and a residential gross floor area of 38,679 square metres (down from 41,862 square metres). The proposal conserves the three existing heritage buildings on site and proposes a publically accessible interior courtyard, including north-south mid-block connection.
30 m away220 KING ST WSite planUnder Review
Site Plan approval for an 80-storey mixed-use building having a non-residential gorss floor area of 75,002.35 square metres, and a residential gross floor area of 41,861.86 square metres. A total of 588 purpose built rental units are proposed.
30 m away220 KING ST WPlan of subdivisionUnder Review
Draft Plan of subdivison for 5 blocks.
30 m away260 KING ST WCondominiumUnder Review
*** Draft Plan of Condominium for 2038 units.
30 m away214 KING ST WSite planUnder Review
Site Plan approval for an 80-storey mixed-use building having a non-residential gorss floor area of 75,002.35 square metres, and a residential gross floor area of 41,861.86 square metres. A total of 588 purpose built rental units are proposed.
40 m away214 KING ST WPlan of subdivisionUnder Review
Draft Plan of subdivison for 5 blocks.
40 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 631
- Median asking price
- $630K
- New in 7 days
- 72
- Price cuts
- 21%
Middle half: $539K to $837K
253 in 28 days
132 listings
This home is asking 57% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 200 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 400 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 650 m |
| King Station | TTC subway: Line 1 Yonge-University | 750 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 800 m |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 700 m | 72%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.1 km | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 1.1 km | 83%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.6 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1 km | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1.1 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.1 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.8 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.