Maintenance Fees
Festival Tower vs The King West Area
$579,9001 bd1 ba0 pk568 sqft
For SaleFestival Tower
5.0
13 Days on Strata
$579,900
1 Bed
1 Bath
0 Parking
568 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$620/mth
Taxes:
$2,875 (2024)
Cost Per Sqft:
$1,021/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
South West
Possession Date:
Assume tenant
Amenities
BBQs Allowed
Indoor Pool
Rec Room
Indoor Parking
Guest Suites
Concierge
Business Centre
Games Room
Sauna
Party Room
Media Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
Festival Tower at TIFF Lightbox. Best Location to Live, Work and Play! In the Middle of Entertainment District, Theatres, Restaurants. Steps to Business District, Subway, PATH, Hospitals, Universities and even Waterfront ... 41/F Panoramic Lake & City View. 10' Ceiling, 568 SF + 107 SF Balcony. High End Finishings, Miele Kitchen Appliances. Shows Well. Assume Existing Lease. Amazing Tenant, Rent Prepaid till Oct 31, 2025 @$2600/mo.
ExtrasB/I Miele Fridge, Cooktop, Oven, Microwave, Dishwasher. Washer, Dryer. Existing Electric Light Fixtures, Window Coverings.
re/max crossroads realty inc.MLS® #C12040304
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Building Maintenance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Heat Pump
Room Dimensions
Living
Walkout To Balcony, Open Concept, hardwood floor
12.99 x 9.58ft
Dining
Combined with Living, hardwood floor, Combined with Kitchen
12.99 x 9.58ft
Kitchen
Modern Kitchen, Built-in Appliances, Breakfast Bar
12.99 x 9.58ft
Bedroom
Closet, Sliding Doors
11.16 x 10.01ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
Your bike's the trusty steed in this urban jungle — giddy up!
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
24,225
Average Individual Income
$66,367
Average Household Size
3 persons
Average Age
0
Average Household Income
$109,098
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
36%
Detached
33%
Semi Detached
21%
Low Rise Apartment
4%
Duplex
3%
Marital Status
Commute
Languages (Primary Language)
Other
71%
Mandarin
14%
Cantonese
9%
Tamil
2%
Arabic
1%
Tagalog
1%
Spanish
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
13%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
18%
Health & Related Fields
11%
Social Sciences
10%
Math & Computer Sciences
9%
Humanities
6%
Physical Sciences
5%
Education
4%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At Festival Tower
Days on Strata
Units at Festival Tower spend an average of
41
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
5.9
YEARS before being sold againProperty Value
-4%
Decrease in property value within the past twelve months
Price Ranking
6th
Highest price per SQFT out of 112 condos in the King West area
Sold Units
13
Units were Sold over the past twelve months
Rented Units
62
Units were Rented over the past twelve months
Best Value Rank
Festival Tower offers the best value out of 112 condos in the King West neighbourhood
?
Appreciation Rank
Festival Tower has the highest ROI out of 112 condos in the King West neighbourhood
?
Rental Yield
Festival Tower yields the highest rent prices out of 112 condos in the King West neighbourhood
?
High Demand
Festival Tower is the most popular building out of 112 condos in the King West neighbourhood
?
Market Insights
Transaction Insights at Festival Tower
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $537,000 | $635,000 - $715,000 | $1,490,000 - $1,500,000 | $1,140,000 | $2,281,000 |
| Avg. Cost Per Sqft | No Data | $999 | $1,095 | $1,272 | $919 | $1,277 |
| Price Range | $1,875 - $2,400 | $2,200 - $2,650 | $2,300 - $3,200 | $3,500 - $5,700 | $3,700 - $4,300 | $6,300 - $6,500 |
| Avg. Wait for Unit Availability | 262 Days | 131 Days | 32 Days | 66 Days | 51 Days | 499 Days |
| Avg. Wait for Unit Availability | 103 Days | 31 Days | 15 Days | 32 Days | 37 Days | 401 Days |
| Ratio of Units in Building | 6% | 17% | 40% | 19% | 19% | 2% |
Market Inventory
Total number of units listed and sold in King West
