The Electra Lofts at 1029 King Street West gives prospective condo buyers the opportunity to live in a central region of downtown Toronto surrounded by custom amenities and prestigious city attractions. Originally completed in 2002, the Electra Lofts was built by Urbancorp. and is now managed by Horizon Property Management. Contained in the exquisite King West neighborhood, this condo development provides a premiere Toronto living experience in any of the luxurious units available.
If you’re searching for King West condos for sale or downtown Toronto condos for sale, 1029 King Street West has long been established as a location of excellent value. The Electra Lofts are a mid-rise, six storey soft loft development, one of the first developments of this kind on the King Street West strip. The Electra Lofts offer 257 units ranging in size from 500 sq. ft. to 1,299 sq. ft. Common features of the condos at 1029 King Street West include exposed concrete ceilings and floor-to-ceiling windows that bring in the natural light. The suites in the Electra Lofts are two storeys high, giving more privacy to the bedrooms and creating 17 foot high ceilings on the main floor. The natural light, concrete, brick accents, private balconies, and hardwood floors all tie together an instantly identifiable feel.
The surrounding amenities of 1029 King Street West are numerous – including being steps away from the arts and culture of Liberty Village, Toronto’s Entertainment District, Toronto’s Fashion District, and only a short distance away from attractions like the CN Tower, the Rogers Centre, and the Metro Toronto Convention Centre. Keep in mind that in addition to all that is set at a distance, a condo owner at the Electra Lofts still has the restaurants, bars, and clubs of King West at their disposal. Also, 1029 King Street West has a ground-floor commercial space featuring Kings Market grocery and convenience store, Green Cleaners dry cleaning, and a Subway Restaurant if you need to grab a quick bite before you head out.
The Electra Lofts maintains a transit score of 100 out of 100, marking this as an important feature for working professionals and those who regularly ride the subway, street car, or bus. A walk score of 92 out of 100 is also found at 1029 King Street West, primarily due to its close proximity to a variety of shopping opportunities, the Independent City Market, Starbucks, Queen West and the recreational spaces that include Massey Harris Park.
The average price per square foot for condos for sale at 1029 King Street West is $576, being approximately 14 percent less expensive than other King West condos. The average year over year growth rate is 4.7 percent, a huge benefit for those looking to buy into the Toronto condo market while ensuring future return-on-investment.
Suite layouts include 1 bedroom, 1 bedroom and den, and 2 bedroom units. The 1029 King Street West building amenities also include a gym and exercise room, a party room, a meeting and function room, some pet restrictions, visitor parking, a parking garage, and an enter phone system. The maintenance fees in the Electra Lofts also serve to cover air conditioning, heat, water, common element maintenance, and building insurance.
The Electra Lofts are a hop, skip, and a jump away from a wide range of different activities and opportunities, ensuring that no matter from what background a condo owner originates, there is something for them here. Whether that’s the deep water thrills of Ripley’s Aquarium, catching a Blue Jays game at Rogers Centre, or visiting the boutiques and restaurants of downtown, the list goes on and on.
The Electra Lofts building itself was meticulously designed to express the personality of the region and to provide its units with all of the amenities that condo owners have come to expect. Customize your downtown Toronto living experience and buy a condo at the Electra Lifts at 1029 King Street West. Create the most value from your condo investment and while you’re recouping that investment, enjoy yourself amongst the city vibe. 1029 King Street West has been a part of building a thriving community in a high energy, convenient downtown Toronto area, and those who have bought into this region have continued to see year-over-year rewards that will no doubt continue into the future.