$375,000

For sale

#918 1 King Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#918 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A2

0 beds1 bath0 parking250 ft²$616/mo condo feeListed 11 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. It has been on the market 11 days, fresher than the Toronto average of 60 days.

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Description

Excellent Investment Opportunity at the Prestigious One King West Hotel & Residence, Ideally Located in the Heart of Toronto's Financial District! This Fully Furnished Studio Suite Features a Functional Open-Concept Layout, High Ceilings, Crown Moulding, and Views of Commerce Court. Buyers may explore personal use or participation in the hotel rental program, subject to condominium rules and applicable agreements. Enjoy Direct Indoor Access to the TTC Subway and PATH Network, Just Steps from the Financial District, Eaton Centre, Restaurants, Shopping, Entertainment, and the Waterfront. Residents Enjoy 24-Hour Hotel Services and Excellent Amenities. Maintenance Fees Include Heat, Hydro, Water, TV, and Internet. An Excellent Opportunity for Investors or Buyers Looking to Own a Suite in One of Toronto's Most Recognized Landmark Buildings. Property Being Sold Under Power of Sale. (id:66096)

Property Details

MLS®: C14114272
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: No Garage
Pool: Yes
Condo Fee: $616/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,666.92/yr
Listed: 11 days ago

Features

Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,503

List price

$375K

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 11 days, which is 49 days fresher than the city average of 60. Act while there is still low competition.

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Listed by DREAM HOME REALTY INC. · ALBERT WANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $375,000, about 4.2× the local median household income of $90,000.

Carrying it typically needs a household income of about $73,251 (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)

$375,000· $1,503/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$139/mo

Condo fee$616/mo

Total monthly$2,730

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$8,200

Est. closing costs$3,625

Total cash needed$30,575

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