King Toronto Condos
What’s great about King Toronto Condos?
King Toronto Condos is a new condo development Westbank and Allied Properties currently in preconstruction at 533 King Street West, Toronto.
The development is scheduled for completion in 2023. Sales for available units start from $659,990. King Toronto Condos has a total of 514 units.
Applying the “Total Work of Art” philosophy to the courtyard and public realm, KING Toronto will be a diverse and lively zone for living and shopping with new retail, hospitality, workspace and cultural offerings.
This year-round destination will feature restaurants and cafes, one-of-a-kind shops and services, street celebrations and craft & farmers markets.
KING Toronto Condos Details
|Developer||Westbank Corp. & Allied Properties|
|Address||533 King Street West, Toronto, ON|
|Neighbourhood||entertainment & fashion district|
|Number of Storeys||16|
|Number of Units||514|
|Occupancy Date||Summer 2023|
|Maintenance Fees||$0.90 per sq ft|
|Priced From||starting from $874,990|
King Toronto Condos Location
King Toronto Condos will become the pinnacle of Toronto’s hottest neighbourhood, King West.
What amenities will King Toronto Condos have?
BUILDING SYSTEMS AND SECURITY
Lobby with 24-hour concierge located within the East Atrium lobby
Building-wide electronic control system with encrypted fob access
24-hour digital video recording surveillance of building entry points
Video enterphone system for each lobby (North, East, South, West)
Restricted floor access
Standby generator set for base building backup
Advanced biometric security systems
LOBBIES AND CORRIDORS
Unique lobby designs for each of the four mountain peaks (North, East, South, West)
Secure fob access to each of the four lobbies
24-hour concierge located in the East Atrium with a custom BIG designed sculptural concierge desk
BIG designed custom Italian crafted Fazioli piano within the East Atrium
Diffuser system dispenses a custom fragrance throughout each of the lobbies and corridors
BIG designed elevator lobbies and corridors with pixelated light-wood panels at the elevator lobbies and suite entry doors
MOUNTAIN SPA, POOL, AND HOT TUB
Indoor, heated 20-metre length lap pool
Intersecting indoor/outdoor pool overlooking King Street W
Mountain inspired pool deck and lounging areas designed by BIG
Change rooms with porcelain-tile clad walls and flooring, locker, shower and steam room/sauna facilities
Luxuriously designed spa facilities adjacent with direct connection to the pool deck
Access to an outdoor furnished rooftop terrace
Fully-equipped fitness centre and yoga studio
Resilient hardwood flooring, mirrored walls and built in millwork
Access to an outdoor furnished rooftop terrace
GAMES AND PARTY LOUNGE
Custom terrazzo tile flooring throughout
Large chef’s kitchen with professional-grade appliances
Contemporary lounge and dining furniture
Access to an outdoor furnished rooftop terrace
What are the features and finishes for King Toronto Condos?
High performance curtainwall system consisting of low-e coated, argon filled vision glazing within aluminum frames, translucent argon filled glass block panels and fully insulated glass block panels
Floor-to-ceiling exterior glazing and balcony doors for the interior living spaces to extend into the exterior spaces
Oversized balconies and terraces with white concrete pavers, almost invisible guardrails and glass block parapets to complement the interior material palette, harmonizing the interior and exterior spaces
A variety of fully-irrigated planters, both small and large, within the terraces that have been specifically designed and curated for their location and altitude within the building
Cable trellis system with special attachment to the building façade in specific areas dependent on the location and altitude in order to facilitate vine growth on top of the exterior façade
Until now, however, we have never had a canvas quite like KING Toronto Condos, including a grand inner courtyard that we anticipate will be transformed by one of the most substantial and beautiful public art works yet to grace the streets – or plazas – of Toronto.
At KING Toronto, we have imagined the impact of a floating installation in the centre courtyard.
KING Toronto Condos in the Media
Who are the developers?
Established in 1992, Westbank is one of North America’s leading developers, with over $25 billion of real estate projects constructed or currently under development. Westbank projects have consistently led their markets because of design innovation – the creation of value through ideas. The core of Westbank’s mission is to create a body of work with a high degree of artistry that helps foster more equitable and beautiful cities.
Allied is a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities. Allied’s objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.
BIG – BJARKE INGLES GROUP
Ingels has built an extensive empire—and a risk-taker reputation—in hyper-speed. His 13-year-old firm has 12 partners and roughly 500 employees, with offices in Copenhagen, New York City, and London. BIG currently has 50 projects in development, with 20 of them under construction, among them highly adaptable headquarters for Google in California and London (in collaboration with the British designer Thomas Heatherwick); a modular school for WeWork’s new educational enterprise.
King Toronto Condos Frequently Asked Questions
How do I reserve a unit in this project?
After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.
Does filling out the worksheet form mean I’m committing to buy a suite?
No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.
What does it mean that Andrew la Fleur is a “Platinum Agent”?
Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.
Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.
For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/
How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?
Working with me as your Platinum agent gives you several benefits
- You get the highest level of access in the building
- You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives
- I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
- Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- My services to you as a buyer are free
Do I get a cooling off period? What is it for?
Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.
The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter
Do I need to have a lawyer?
You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.
Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.
Do I need to have a mortgage pre-approval to buy?
95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.
Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.
Do the prices include HST?
If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.
If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.
This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.
For more information on the HST, see here:
Contact me for more details.
What are my closing costs on a pre-construction condo?
Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.
Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.
Check out this article for more info on closing costs:
Contact me for more details
Are there any ‘hidden’ costs when buying a pre-construction condo?
No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.
Is it possible to assign my condo? How much is the assignment fee?
Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.
There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.