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224 King Street West is a new build in Toronto’s acclaimed King West neighborhood, originally registered in 2015. Its exterior comprising of a mix of glass and steel, the building known widely as ‘Theatre Park’ extends an impressive forty-seven storeys into the sky. Located right next door to the Royal Alexandra Theatre, 224 King Street West contains approximately 234 units ranging in size from smaller suites at 329 sq. ft. to overly large penthouse suites up to 3,270 sq. ft. Theatre Park is immediately recognizable not only for its unique exterior but for the small green space with its very own pond and waterfall that sits in the front of the building.
No matter if it’s a smaller one-bedroom or one of Theatre Park’s large three-bedroom penthouse units, on the inside there is a distinct natural, urban vibe with a number of impressive amenities. Common features of the suites available at 224 King Street West include high ceilings ranging in between nine and eleven feet high, open-concept living spaces and dining areas, upgraded baths, pre-finished flooring, bright floor-to-ceiling windows looking out over the King West neighborhood below, and large private balconies. Much like one would expect with a name like Theatre Park, the immediate surroundings of 224 King Street West include many of the city’s most notable theatres, nightclubs and event attractions.
Among the array of high class venues that surround 224 King Street West, there is the aforementioned Royal Alexandra Theatre as well as the Princess of Wales Theatre and the TIFF Bell Lightbox, the home of the Toronto International Film Festival. For anyone in the performing arts or associated with these industries, there is much appeal to living at 224 King Street West and staying close to the city theatre scene. If you are not a fan of theatre or performing arts, there is still plenty of conveniences within a short distance including several notable restaurants and bars including nearly a dozen already within a stone’s throw. In addition, a prospective buyer may want to know that every suite at Theatre Park enjoys its own balcony as well as access to a rooftop lounge with full view of the city and an outdoor pool.
Directly across the street lies Roy Thomson Hall, Home to Toronto’s Symphony Orchestra, and not too far away can be found the TIFF Bell Lightbox, home to the Toronto International Film Festival, The Four Seasons Centre, home of the Canadian National Ballet and Opera Companies, the Rogers Centre, home of Toronto’s Blue Jays and Argonauts, and the Air Canada Centre, Toronto’s premier entertainment venue and home to the Toronto Raptors and Maple Leafs.
The building amenities at 224 King Street West include a gym and exercise room, a common rooftop deck, easy access to public transit, ready and available BBQs, an outdoor patio and garden, security guards, an impressive pool, concierge services, a party room, a meeting and function room, some pet restrictions, and an enter phone system.
224 King Street West boasts a perfect 100 out of a possible 100 transit score as well as a perfect 100 of out a possible 100 walk score. If you’re asking yourself what’s nearby, there’s a lot! The Rogers Centre, Ripley’s Aquarium of Canada, and other key city landmarks are just a short walk away. If you wish to browse some of Toronto’s smaller boutiques and/or visit a unique city restaurant, there are a range of businesses occupying the King West fashion and entertainment district that are popular, Queen Street music venues that are regularly filled, and several outdoor activities along the waterfront to enjoy.
You don’t need to venture that far out for your amenities however when you have businesses like the El Caballito Tequila Bar right next door, the Mediterranean cuisine of Byblos on Duncan Street, and the huge rooftop patio bar at The Porch Toronto. If you wish to head out to the grocery store, there is a Metro Centre Marketplace on Wellington, a Sobeys nearby on Fort York Boulevard, and the Fresh & Wild Food Market on Spadina. If you are seeking out a local park or green space, the David Pecaut Square between King and Wellington as well as Simcoe Park on Front Street are both unique options.
The average price per square foot at 224 King Street West is $890 which ranks it as the 23rd most expensive condo development in all of downtown Toronto. In the King West neighborhood, compared to other developments, it is approximately 31 percent more expensive than its competitors. Though it is a relatively new development, throughout the past two years, it has shown an increase in average annual value of 24 percent.
Theatre Park is well connected to Toronto’s public transit system, with the 504 King Streetcar out front and St Andrew Subway station on the Yonge-University-Spadina line merely steps away. Those who prefer driving will find Theatre Park to be easily accessible from the Gardiner Expressway via the York St/University and Spadina exits.
Residents of Theatre Park are also within a short walk of Toronto’s Union Station, with access to the GO and VIA transit systems, which can be approached from either above ground or underground via the PATH system. In addition, Theatre Park is within easy distance of the crossing to Toronto’s Billy Bishop Island Airport.
If you are an experienced buyer and/or well-versed in the Toronto condo marketplace, the suites available at 224 King Street West are highly promising as an investment as well as a living space. The King West neighborhood contains many more affordable options for first-time buyers but the uniqueness, luxury, and high class lifestyles of those at 224 King Street West give it something that no other building has in this region. If you want an example of what downtown Toronto city living can be at its finest, buy into 224 King Street West to give yourself the suite you deserve.