Homes in King West Village
King West Village has one of the best selection of condominium buildings in the city. These are low and mid-rise buildings. Many of these are designed as soft lofts with units that feature lots of light and open spaces, high ceilings and balconies. Some of these buildings also contain two-storey loft condominium townhouses.
There are a handful of authentic hard loft buildings in the neighbourhood, that are characterized by their red brick exterior, large windows and architectural accents. These loft units may have features such as concrete floors, exposed wood beams, and exposed brick. There are also a handful of historically designated row houses on Draper Street that date back to the 1880s.
King West Village Real Estate Update
The King West Village neighbourhood has been at the forefront of Toronto's condominium boom. In fact this neighbourhood owes its remarkable revitalization to the building of condominiums which have been snapped up by buyers choosing to live and work in downtown Toronto. Connie Farmer, Sales Representative, Sutton Group Old Mill Realty Inc., Brokerage brings us up to speed with King West Village real estate: "King West Village continues to grow and develop and seems to increase in popularity every year. There is great demand for neighbourhood condos from both first time buyers and investors. There is also a very competitive rental market with low vacancy rates."
If you are looking for an affordable entry into King West Village you might want to start with a 1 bedroom unit. There have been 139 one bedroom units sold this year. Some of these would have included a small den. Sales ranged in price from $260,000-$670,000. The square footage for these units ranges from 400-1000 square feet. Twenty of these 1 bedroom units sold for asking price or above asking refecting the strong demand from first time buyers. Farmer says: "The majority of King West Village buyers are young couples and professionals wanting to live downtown within walking distance of their work. These buyers enjoy the plethora of restaurants and being within walking distance of the waterfront, Queen Sreet West, the Air Canada Centre and Rogers Centre."
Two bedroom condo sales in King West Village have also been brisk this year with fifty-one sales recorded. These have ranged in price from $450,000-$850,000. Included in this total were three sales for over 1 million dollars with one of these being a large penthouse unit and the other a large 3 bedroom unit. Overall the average price per square foot for a condo in King West Village is currently between $500-$600.
There is no doubt the condo market in King West Village is strong. The stats back this up with units generally selling in just two to three weeks - and many times in just a few days - and with a list to sale price ratio of approximately 98%. Farmer points out that King West condos are low-rise to mid-rise which creates a neighbourhood feel that is clearly popular with homebuyers. Farmer adds: "I don't see the King West market slowing down anytime soon". Farmer who resides in King West Village says that buyers in her neighbourhood are making a lifestyle decision as well as a financial investment when they buy a home here.
King West Village neighbourhood real estate update provided by Connie Farmer, Sales Representative, Sutton Group Old Mill Realty Inc., Brokerage. You can contact Connie direct at 647-539-2561 or at the office 416-234-2424 or by email: firstname.lastname@example.org. Connie welcomes you to visit her website http://www.conniefarmer.biz/
** The information provided herein is compiled from source data obtained from the Toronto Real Estate Board. It is presented here for information purpose only. All data are subject to updates and revisions. The publisher assumes no responsibility for the accuracy of any information shown.