$495,000
For sale: Apartment

Experience exceptional downtown living at Festival Tower by Daniels Corporation, an architecturally distinctive residence at King & John, home to the iconic TIFF Bell Lightbox. This thoughtfully designed 1-bedroom suite offers 568 sq. ft. of functional living space plus a spacious 107 sq. ft. balcony overlooking downtown. Featuring premium Miele stainless steel appliances, granite countertops, pot lights, a frosted glass partition, and a convenient Jack-and-Jill bathroom. Includes a storage locker. +++++ Move-in ready and freshly painted, featuring hardwood flooring, extended-to-ceiling kitchen cabinetry, a full-size Miele washer and dryer, and a heat pump replaced in 2024! Enjoy an exceptional collection of resort-style amenities, including a private 55-seat cinema, indoor pool, whirlpool, sauna, spa facilities, fitness centre, rooftop terrace, and more. +++++ Unbeatable location in the heart of Toronto's Entertainment District, surrounded by world-class dining, theatres, entertainment, and cultural landmarks. Steps to TIFF Bell Lightbox, Roy Thomson Hall, Princess of Wales Theatre, King Street transit, and a short walk to the Financial District. A rare opportunity to enjoy an iconic address, exceptional amenities, and the best of downtown Toronto living!
Sold data
Homes in Waterfront Communities took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 48, across 426 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.
The median sale price was $624,850.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 426 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Waterfront Communities) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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