$349,800

For saleJust listed

#2105 1 King Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#2105 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A1

0 beds1 bath0 parking250 ft²$674/mo condo feeListed Today

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 59 days.

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Description

The most prime of locations in downtown Toronto - ONE KING WEST. Tired of commuting or the unknown of hotel availability? This RENOVATED studio space with 10ft ceilings with an open view is the ideal suite to accommodate your stay in the heart of Toronto's financial district. Connected directly to the underground PATH system and King subway station, there is nothing more convenient than walking indoors year-round to get to important meetings, health/self-care appointments, great restaurants, shopping and more. The ultimate turnkey opportunity - all the headaches of renovation rules and restrictions at this location have already been handled; you simply get to move in and enjoy the beautiful, modern result as your getaway in the city or full time home! For investors, this fully furnished, move-in-ready suite also presents an excellent opportunity to attract premium rental income from professionals. 24hr concierge, rooftop gym, lap pool, and sauna are included, but you can also enjoy traditional hotel services like room service and housekeeping for a fee. Maintenance fees include all utilities, cable TV and internet! King streetcar at your door, steps to Union Station, St Lawrence Market, Eaton Centre, theatres, St Michael's Hospital and so much more. (id:66096)

Property Details

MLS®: C14149888
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $674/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water
Ownership: Condo/Strata
Property Tax: $1,872.24/yr
Listed: Today

Rooms

Flat

Living room: 1 x 1 meters
Kitchen: 1 x 1 meters
Bedroom: 1 x 1 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Cooktop
Flooring: Hardwood
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,402

List price

$350K

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 single family in Toronto (Bay Street Corridor) has been listed for 0 days, which is 59 days fresher than the city average of 59. Act while there is still low competition.

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Listed by ROYAL LEPAGE TERREQUITY PLATINUM REALTY · ALEX KLUGE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $349,800, about 3.9× the local median household income of $90,000.

Carrying it typically needs a household income of about $68,328 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $90,000
Population: 3,248
Median age: 31.4
Owner / renter: 36% / 64%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5H)

$349,800· $1,402/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,490

Min 5%50%

Mortgage payment$1,842/mo

↳ CMHC premium ($13,292 capitalized)

Property tax (est.)$156/mo

Condo fee$674/mo

Total monthly$2,673

Cash Needed to Close

Down payment (5%)$17,490

Land transfer tax$7,444

Est. closing costs$3,549

Total cash needed$28,483

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