Maintenance Fees
Festival Tower vs The King West Area
$2,7001 bd1 ba0 pk584 sqft
For RentFestival Tower
5.0
12 Days on Strata
$2,700/mth
1 Bed
1 Bath
0 Parking
584 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
May 1, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
West
Locker:
Owned
Amenities
Games Room
Indoor Pool
BBQs Allowed
Sauna
Business Centre
Media Room
Visitor Parking
Rooftop Deck
Rec Room
Guest Suites
Party Room
Gym
Indoor Parking
Concierge
About this Listing
Live Amongst The City's Finest Downtown Neighbourhood! This Modern And Spacious 584Sqft One Bedroom Condo Is Located At The Landmark Festival Tower Situated In The Entertainment District. A Short Walk To Mirvish Theatres, Roy Thompson Hall And Tiff Events. High Ceilings And Large West Facing Windows Provide For Ample Sunlight Overlooking A Cityscape View. Kitchen Fitted With High End Miele Panelized Appliances Accompanied By A Large Island. Festival Features Luxury Amenities Including An Indoor Pool, Gym, Hot Tub, Bbq Terrace Access To Tiff Building And Fully Equipped Lounge. Secs To Transit, Shopping, Cafes And Restaurants.
ExtrasFridge, Stove, Dishwasher, Washer/Dryer Combo, All Electric Light Fixtures, And All Window Coverings,
re/max hallmark bibby group realtyMLS® #C12066596
Fees & Utilities
Utilities Included
Rent Includes
Heat
Water
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Combined with Dining, hardwood floor, Large Window
9.61 x 12.99ft
Dining
Combined with Living, hardwood floor, Open Concept
9.61 x 12.99ft
Kitchen
Centre Island, Granite Counter, Walkout To Balcony
9.61 x 12.99ft
Bedroom
Glass Doors, hardwood floor, 4 Piece Ensuite
9.84 x 11.09ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
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10/10
Transit
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7/10
Bikeability
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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
38
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
5.8
YEARS before being sold againProperty Value
-5%
Decrease in property value within the past twelve months
Price Ranking
18th
Highest price per SQFT out of 112 condos in the King West area
Sold Units
15
Units were Sold over the past twelve months
Rented Units
59
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 | $618,000 - $715,000 | $1,425,000 - $1,500,000 | $1,140,000 | $2,281,000 |
| Avg. Cost Per Sqft | No Data | $999 | $1,087 | $1,235 | $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 | 34 Days | 68 Days | 51 Days | 499 Days |
| Avg. Wait for Unit Availability | 103 Days | 32 Days | 15 Days | 32 Days | 38 Days | 399 Days |
| Ratio of Units in Building | 6% | 17% | 40% | 19% | 19% | 2% |
Market Inventory
Total number of units listed and leased in King West
