$1,988,888

For sale

1267 King Street West, Toronto (South Parkdale) - Multi-family for Sale

1267 King Street West, Toronto (South Parkdale), Ontario, M6K1G9

10 beds9 baths2 parking2,250 ft²24 × 100 ft (2,400 sq ft) lot sizeListed 21 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 64 days.

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Description

Rare Urban Income Opportunity in the Heart of King West / South Parkdale! Built for flexibility and income potential, this extensively renovated legal duplex offers an exceptional 9+1 bedroom configuration, multiple ensuite-style washrooms, 2 kitchens, separate entrances and 2-car laneway parking. Thoughtfully designed for shared living, the property provides investors with a unique opportunity to generate multiple rental streams within one freehold asset while retaining future flexibility in how the space is operated. Modern finishes, hardwood flooring, updated mechanicals and a 3/4" upgraded main water line complement a highly functional layout. Ideally positioned steps from TTC, Liberty Village, Exhibition Place, BMO Field, the waterfront, restaurants, shops and some of Toronto's most dynamic neighborhoods. A compelling opportunity for investors seeking scale, location and long-term income potential in a difficult-to-replicate downtown property. (id:66096)

Property Details

MLS®: W14034060
Property Type: Multi-family
Zoning: R(d1*821), R(d1*304)
Bedrooms: 10
Beds (above / below): 9 above · 1 below
Bathrooms: 9
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 24 × 100 ft (2,400 sq ft)
Frontage: 24 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $6,667.93/yr
Listed: 21 days ago

Rooms

Third level

Bedroom: 3.9 x 4 meters
Bedroom 2: 4.4 x 4.8 meters

Second level

Bedroom 3: 3.9 x 4 meters
Bedroom 4: 4.8 x 4.4 meters
Bedroom 5: 3.7 x 3.8 meters

Main level

Bedroom: 3.5 x 4.3 meters
Bedroom: 4 x 3.2 meters
Bedroom: 4.2 x 4.1 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Dryer, Two Washers, Water Heater - Tankless, Water Heater
Foundation: Unknown
Exterior: Brick, Aluminum siding
Lot Features: Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (South Parkdale) listings, avg age

64d

Price / ft²

$884

List price

$1.99M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 10-bed multi-family in Toronto (South Parkdale) has been listed for 21 days, which is 43 days fresher than the city average of 64. Act while there is still low competition.

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Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED · CAL LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6K)

This home lists at $1,988,888, about 27.6× the local median household income of $72,000.

Carrying it typically needs a household income of about $388,499 (20% down, 25-yr amortization, stress-tested) — roughly 440% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$1,988,888· $884/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $397,777.60

Min 20%50%

Mortgage payment$8,482/mo

Property tax (est.)$556/mo

Total monthly$9,038

Cash Needed to Close

Down payment (20%)$397,778

Land transfer tax$72,506

Est. closing costs$8,467

Total cash needed$478,750

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