Mid-Rise Condo

The Summit Condos

by Toddglen

701 King Street W, Toronto, ON M5V 2W7

Year Built

1984

Total Units

206

Avg $/sqft

$671

Storeys

Available Units in The Summit Condos

Units for sale

Units for rent

Live MLS · Updated daily

Overview

When a condo is still desirable after all these years, you know that’s a good sign — especially in such an unpredictable city as Toronto. Built back in 1984, even Toddglen Construction Ltd. probably didn’t expect the city to explode like it has over the past couple of decades, in terms of both density and desirability.

The Summit Condos’ townhouses and mid-rise tower makes up one third of a complex: the rest, also known as the The Summit II Condos and The Summit III Condos, located at 705 and 725 King Street West. This portion, the Summit Condos, can be found at 701 King Street West & 570 Wellington Street West.

The classic, red brick façade rises to 13 storeys high, and is home to 206 units in total. Amenities are located in the “Summit Club,” and cater to residents with a variety of needs and interests. Those who like to unwind after a long day can head over to the cinema with a bowl of popcorn and some friends, while residents who prefer to blow off steam in a more active capacity will enjoy making use of the multiple squash courts, gym, and two pools (one indoor and one outdoor).

On top of all of those luxuries, residents have a 24-hour concierge to rely on, plus party room and games room.

Developer

Toddglen

Year Built

1984

Property Type

Mid-Rise Condo

Storeys

Total Units

206

Management

Shelter Canadian Properties Ltd

Amenities

Underground Parking

Rec Room

Indoor Pool

Security System

Fitness Centre

Visitor Parking

Squash Court

Outdoor Pool

Party Room

24/7 Concierge

Price History

39 records

Loading history…

Market Stats

Prices in The Summit Condos are down 6.0% compared to last year.

$671

Avg $/sqft

-6.0%

YoY change

Avg days on market

Location & Walkability

Walk Score

96/100

Daily errands on foot

Transit Score

100/100

TTC, GO, subway access

Bike Score

68/100

Bike lanes & infrastructure

Neighbourhood in Toronto

King West

vibrant urban active

King West is a vibrant neighbourhood in Toronto known for its lively atmosphere. It offers a mix of urban living with access to various amenities.

No homes currently for sale No rental listings available Schools rated 7 Close to city amenities

Day to dayLivability

Schools near listings

out of 10 · averaged over 10 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lively atmosphere with urban conveniences
Good school ratings
Access to various amenities

Keep in mind

No current housing options available
Prices may be above city median

The feel of the placeLifestyle

Daily life in King West is dynamic with many options for dining and entertainment. It attracts a diverse crowd looking for an active urban lifestyle.

Great for young professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

1.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 1.2 km² of King West. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Niagara Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.4/107.3 over 5 yrs
626th of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
ALPHA Alternative Junior School
Public · Grades JK–6 · Toronto DSB
Not rated
75 students
Oasis Alternative Secondary School
Public · Grades 9–12 · Toronto DSB
Not rated
80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside King West, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

25,090

Population (2021)

1.1 km²

Area

22,396

People per km²

33.2

Median age

$98,675

Median income

46%

Own their home

1.6

People per household

15,860

Households

Every age

Children (under 15)6.3%
Working age (15–64)88.9%
Seniors (65+)4.8%

What is built here

Townhouses2.6%
Duplexes1.4%
Low-rise apartments6.1%
High-rise apartments89.3%

Own or rent

46%Owners

54%Renters

Across 15,860 households

When it was built

Mostly 2011–2015

1960 or earlier4%
1961–19802%
1981–19907%
1991–200010%
2001–200514%
2006–201015%
2011–201526%
2016–202123%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

32.3%
Born outside Canada: 72%
Hold a degree or higher: 79.9%
Employment rate: 22%
Commute by transit: 38.7%
Commute by car: 1.3
Children per family: $81,558
Median income after tax: $133,285
Average household income: 11.9%
Living on a low income: $2,062/mo
Renters pay, per month: $2,243/mo
Owners pay, per month: $742,732
Median home value at census: 43%
Renters spending 30%+ of income on housing: 33.2%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry