The Lowdown on King West

Your Typical Neighbour

Young single or coupled professional all the way to uber successful entrepreneur who want to be in the middle of it all. There’s an overall work hard play hard mentality here, and being able to stumb… err walk home at nights end is attractive!

What We

Beautiful people in a beautiful vibrant part of town. Style reigns supreme here: in the food, in the retail, in the buildings, and the people.

What We Don't

Weekends can be a little hairy here. Traffic (and transit) can be at a standstill due to the taxis along King Street during peak social hours. And by weekends we mean Wednesday through Sunday. Seriously.

The options are vast in this neighbourhood, unless you’re specifically looking for a house. There are hardly any here, and of the few that DO exist, many come with historical designations that you may flaunt or despise depending on your point of view. What’s important to note is that the demographic in the neighbourhood is broad, and the condo offerings here have grown to meet the hugely varied wants of that vast socio-economic divide.

There are a number of authentic loft conversion buildings here, the type that attract the young urban (well-employed) hipster that is hungry to live here. Exposed beams and ductwork, concrete floors and exposed brick are all plentiful in these buildings, as are the number of dollars that it takes to purchase them. Consequently a number of soft lofts have been built here, along with more traditional condo construction that opens up opportunity for the first time buyer to explore ownership here.

The area is not JUST for first time buyers. “Millionaires Row” as it is frequently called, is a collection of boutique buildings situated on Wellington Street between Bathurst and Spadina. Many of these buildings house half and full floor bespoke suites that take WOW factor to the next level. Private elevators, massive terraces with spectacular views, and monthly condo fees that leave the average person’s mortgage payment in the dust.

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $436,646 $459,084 $513,565 $536,623 $678,565
PRICE: Low-High $46,500-$1,120,000 $27,000-$1,975,000 $34,000-$3,900,000 $5,000-$3,950,000 $53,500-$5,125,000
AVERAGE DAYS ON MARKET 33 32 25 19 15
# OF SALES 349 397 319 411 461

Area: 3km

Population: 21,000

Demographics

Kids: 6%

Youth: 8%

Seniors: 5%

Visible Minority: 32.9%

Average Family Income: $91,767

Education

Lower Education: 26.5%

Higher Education: 16.2%

Home Ownership

Owned Homes: 51%

Tenanted Homes: 49%

On the downside there really aren’t any schools in this neighbourhood. On the upside, there really aren’t any kids in this neighbourhood. Okay, maybe a handful, but most of the kids here are furry and have four legs.

Transit is all around in the form of streetcars with quick access to the subway line. Lakeshore and the Gardiner aren’t far, though traffic to get there at rush hour and evenings and weekends can be painfully heavy.

About King West

King West is the neighbourhood for you if you work hard and play hard.

Home of “Millionaire’s Row”, a stretch of chic lofts along Wellington Street, just down the street from the Thompson Hotel, residents are a short elevator ride away from positioning themselves pool-side, with drink in hand, on what are considered some of Toronto’s best roof top patios. King ‘Westers’ are also a short walk to a slew of amazing restaurants, shops, clubs, theatres, and public transit. It is very hard to skip a beat when you’re living in an area that is constantly singing.

Homes in the King West area are by-in-large high rises with chic glass windows, modern finishes, and a luxurious feel. Many buildings run high up into the clouds – almost as if competing with nearby business towers. At the top, residents have access to absolutely spectacular penthouse views. And although we do not recommend this housing option if you’re afraid of heights (unless you’re looking for exposure therapy) we definitely suggest it if you can afford it, and are looking for a feature that is aw-inspiring.

The primary attractions for any resident to the King West area are convenience, proximity to work, and lifestyle. When you live in King West you are smack-dab in the middle of what many reference as ‘concrete jungle’. A cityscape that, although hectic, still offers some of the most diverse and bountiful entertainment options for anyone in the world – short of Soho in New York City.

In short, it’s hard not to live on the King West strip without feeling like an absolute ‘baller’. Not surprisingly it carries a ‘baller lifestyle’ price tag and is not for penny-pinchers. This being said, in this city you do pay (by the majority) for what you get. And, on King West you can have it all.


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