Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · West Queen West
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725 King St W, Toronto
Built
1985
Storeys
13
Suites
160
Developer
Toddglen Construction, Creson Investments
Corporation
MTCC-681
Walk Score
99
Free · about 45 seconds · no obligation
What is your unit at The Summit III worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 504King St West at Tecumseth St504 King / 508 Lake Shore streetcarSteps away
- 63OssingtonTTC bus0.6 km
- 29DufferinTTC bus1.0 km
- GOExhibition GOLakeshore West line1.4 km
- 1Osgoode stationLine 1 Yonge–University1.7 km
- 929Dufferin ExpressTTC bus1.9 km
- UPUnion stationUP Express · Pearson to Union2.0 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Niagara Street Junior Public School
222 Niagara St, Toronto
0.3 km · ~5 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
0.9 km · ~14 min walk
Zoned for this address
High schoolGr 9–12
Parkdale Collegiate Institute
209 Jameson Ave, Toronto
2.6 km
Zoned for this address
Catholic elementary
St Mary Catholic Elementary School
0.3 km · ~5 min walk
Nearest, confirm zoning
Catholic elementary
Bishop Macdonell Catholic Elementary
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.7 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Pierre Elliott Trudeau
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at The Summit III actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 6 | $469,500 | 4 | $2,625/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at The Summit III
Do mostly owners or renters live here?
Mix of owners and renters. Of 25 deals here in the last 24 months, 12 were leases and 13 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at The Summit III?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about The Summit III
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at The Summit III lists or sells.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Pizza
Freshslice Pizza
Steps away
Sushi
Ichiban Sushi
Steps away
Pizza
Donna Fernanda Ristorante & Pizzeria
Steps away
Coffee
Shy Coffee Co.
Steps away
Restaurant
The Kitchen Table
Steps away
Burgers
Hero Certified Burgers
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Stanley Park South - Toronto
- Victoria Memorial Square Park
- Adelaide Place Parkette
Nearest grocery
Farm Boy
0.3 km · ~5 min walk
Prices: TRREB MLS® System aggregate medians for 725 King St W, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
The Summit III is the quieter, smaller sibling in The Summit complex near King and Bathurst: 13 storeys and 160 suites, with the same pools and squash court as its taller neighbour. What sets it apart is the fee, which includes parking and air conditioning, and an average price per square foot that is well below newer King West towers. It is a 40-year-old building, and that is what you are really pricing. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
The Summit III is a 13-storey, 160-suite condominium at 725 King Street West, west of Bathurst, in the West Queen West pocket of the Queen West, Trinity-Bellwoods, Kensington and Little Italy area of Toronto. Condos.ca lists it as built in 1985 by Toddglen Construction and Creson Investments, with the condominium corporation MTCC-681 registered on 29 August 1985; REW gives 1983 as the build year. It is managed by Shelter Canadian Properties. Suites run roughly 634 to 1,067 sq ft. The fee includes air conditioning, common elements, building insurance, parking and water.
The Summit III at a glance
Part of The Summit, on its own terms
The Summit is a cluster of brick condominium buildings on the south side of King Street West, west of Bathurst. The Summit II at 705 King is the 20-storey tower with 305 suites. This building, at 725 King, is the mid-rise at 13 storeys and 160 suites. A third building in the family is listed at 701 King Street West, also addressed on Wellington Street West.
Condos.ca credits the complex to Toddglen Construction and Creson Investments, and the two main corporations were registered within two months of each other in 1985. REW lists this building as built in 1983. Either way, it predates almost everything else you can see from its windows.
Being the smaller building has advantages. Fewer suites means fewer neighbours per elevator, and a mid-rise generally feels calmer than the tower next door, while you still share the larger complex’s recreation facilities.
Suites from about 634 to 1,067 square feet
Condos.ca puts suites here at roughly 634 to 1,067 square feet. That is a narrower and generally larger range than the studios you will find in the tower next door, which makes this building more of a one-bedroom-plus-den and two-bedroom building.
Expect 1980s planning: a proper entry, more closet and storage space than a new tower, and kitchens that may still be enclosed unless an owner has renovated. In this complex, the difference between an original suite and a renovated one can be the biggest factor in price, so compare like with like.
REW also lists guest suites, a rooftop garden and a rooftop patio for this building. A shared rooftop matters more here than in a newer building, because the outdoor space attached to individual suites in a building of this age tends to be modest.
The size range also shapes who buys here. A suite of 650 to 1,050 square feet is big enough for a couple who work from home, or for a buyer moving out of a cramped new-build one-bedroom. That buyer pool is steadier than the investor pool that dominates small studios, which tends to help resale in a slower market.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The fee includes parking and air conditioning
Condos.ca lists the fee here as covering air conditioning, common elements, building insurance, parking and water. That is a better package than the one listed for The Summit II next door, where only common elements, insurance and water are listed. Heat and hydro are not on either list, so plan to pay those yourself and confirm in the status certificate.
Parking in the fee is worth real money in King West. If the suite you buy comes with a space, you avoid a separate monthly charge that newer buildings often add. Confirm that the specific suite has a space, whether it is owned or exclusive use, and whether a locker comes with it.
Because the amenities are shared across the complex, part of your fee pays for pools and staff used by more than one corporation. Ask for the shared-facilities agreement and see how those costs are split between the buildings.
Air conditioning in the fee is worth understanding too. Because it is bundled, you are not paying for cooling on your own meter, which helps in a hot summer. Ask the management office how the system works, who decides when cooling switches on in spring and off in fall, and how old the main equipment is, because replacing it in an older building is a large reserve fund item.
Daily life near King and Bathurst
You are a few minutes from King West’s restaurants, Stackt Market and the Fort York grounds, with Victoria Memorial Square and the Wellington parkettes close by and Liberty Village to the west. For streetcars, schools and Walk Score, see the data panel on this page.
This stretch is busy and still changing, with new towers going up around the complex. Suites facing King hear the streetcars and traffic, while the south-facing side generally gets more light and less street noise. Visit at different times of day before you commit.
How it is priced
Condos.ca puts the average price here at about $669 per square foot. Newer King West towers ask well above that, so you are buying a meaningful discount for a 40-year-old building with older finishes and shared amenities to maintain.
Only one suite was listed for sale when I checked, so I will not quote an asking price; one listing is not a market. In a building of 160 suites, turnover is limited, and you may have to wait for the right layout to come up. If you are serious about this building, tell me which plan you want and I will watch for it rather than settling for the first listing.
When you compare this with a newer building, include the parking and air conditioning that are already in the fee here. For the recent sale and lease record, use the data panel on this page or ask me for a building sold report.
Building specifications
| Building name | The Summit III |
| Address | 725 King St W, Toronto M5V 2W9 |
| Developer | Toddglen Construction and Creson Investments |
| Storeys | 13 |
| Total suites | 160 |
| Condo corporation | MTCC-681 |
| Registered | 29 August 1985 |
| Property management | Shelter Canadian Properties |
| Suite sizes | Approximately 634 to 1,067 sq ft |
| Fees include | Air conditioning, common elements, building insurance, parking and water |
Amenities at The Summit III
Indoor and outdoor pools and a squash court are uncommon in downtown condos, and having them in a 160-suite building is only possible because they are shared across the complex. Add a rooftop garden and guest suites, and the package covers most of what a newer tower offers, plus a pool most of them skipped.
Jatin’s honest take on The Summit III
Who this building suits
Owner-occupiers who want a one-bedroom-plus-den or two-bedroom in King West without paying new-construction prices, swimmers and squash players, and anyone who values parking being included. The mid-rise scale suits buyers who find big towers impersonal.
What I’d want you to check
This building is about 40 years old, so read the reserve fund study closely for windows, the garage, elevators, roofs and the pools, and ask whether a fee increase or special assessment is being discussed. Get the shared-facilities agreement with the rest of The Summit. Confirm the parking space and locker for the specific suite, and read the pet and rental rules in the status certificate, since condos.ca flags a pet restriction.
The value question
At about $669 per square foot with parking and air conditioning included, I think this is one of the better-value owner-occupier buildings in King West, provided the reserve fund is in good shape. You give up new finishes and gain space, storage, a pool and a fee that covers more than the building next door.
Free building report: The Summit III
Send me your email and I’ll put together a current report on The Summit III — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The Summit III — frequently asked questions
Is The Summit III part of a complex?
Yes. It is part of The Summit near King and Bathurst, with The Summit II at 705 King Street West and another building at 701 King Street West.
How big is The Summit III?
Condos.ca lists 13 storeys and 160 suites, with suites from about 634 to 1,067 square feet.
What do the fees include at 725 King St W?
Condos.ca lists air conditioning, common elements, building insurance, parking and water. Heat and hydro are not listed.
Is parking included?
Parking is listed in the fee. Confirm that the suite you are buying actually has a space, and whether a locker comes with it.
When was it built and who built it?
Condos.ca lists 1985 and Toddglen Construction with Creson Investments. MTCC-681 was registered on 29 August 1985. REW gives 1983.
Who manages the building?
Condos.ca lists Shelter Canadian Properties, and REW also lists Shelter as the manager.
Is there a pool?
Yes. The complex has indoor and outdoor pools, plus a squash court and a gym.
Does it have a rooftop?
REW lists a rooftop garden and rooftop patio, along with guest suites and a party room.
How does it compare with The Summit II?
The Summit II at 705 King is a 20-storey, 305-suite tower with smaller entry units, and condos.ca lists a fee there that does not include parking or air conditioning.
Who is The Summit III best for?
Owner-occupiers who want space and included parking in King West at a lower price per square foot than newer towers.
How much do condos at The Summit III sell for?
Over the last 12 months the median resale at The Summit III was $470,000, across 7 sales. The typical unit sold in 33 days at about 98% of the asking price. That works out to roughly $700 per square foot.
How much is rent at The Summit III?
The median lease at The Summit III over the last 12 months was $2,625/mo, from 4 leases. Units typically leased in 14 days.
What does each unit type cost at The Summit III?
Over the last 24 months: One-bedrooms sold for a median $469,500 and rented for $2,625/mo. Each median uses three or more deals.
Are prices at The Summit III up or down since 2022?
Down about 24%. The median sold price per square foot was $923 in 2022 and $700 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does The Summit III offer an investor?
At a median price of $470,000 and a median rent of $2,625 a month, the gross yield is about 6.7%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at The Summit III?
A mix of both. Of the deals here in the last 24 months, 48% were leases and 52% were sales.
Can you Airbnb a unit at The Summit III?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has The Summit III had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is The Summit III zoned for?
For TDSB public schools, the address is zoned for Niagara Street Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), Parkdale Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to The Summit III?
The nearest subway is Osgoode station (Line 1 Yonge–University), 1.7 km away; the nearest GO station is Exhibition GO on the Lakeshore West line, 1.4 km; UP Express runs from Union station, 2.0 km; the 504 King / 508 Lake Shore streetcar stops 0.0 km away; the closest bus is the Ossington (TTC bus). Distances are straight-line from the building.
What is the Walk Score of The Summit III?
Walk Score 99, Transit Score 98 and Bike Score 97. Most daily errands can be done on foot.
What restaurants and shops are near The Summit III?
Within about a 10-minute walk: Freshslice Pizza (Pizza), Ichiban Sushi (Sushi), Donna Fernanda Ristorante & Pizzeria (Pizza), Shy Coffee Co. (Coffee), The Kitchen Table (Restaurant). The closest grocery store is Farm Boy, 0.3 km away.
Which parks are near The Summit III?
Stanley Park South - Toronto, Victoria Memorial Square Park, Adelaide Place Parkette are the closest green spaces.
What is my unit at The Summit III worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at The Summit III lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Queen West, Trinity-Bellwoods, Kensington and Little Italy more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Queen West, Trinity-Bellwoods, Kensington and Little Italy. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at The Summit III, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Queen West, Trinity-Bellwoods, Kensington and Little Italy building guides: 109OZ · 110 Palmerston Avenue · 1181 Queen West Condos · 12 Degrees · 130 Clinton Street Townhouses · 150 Beverley Street Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.