1 King St W | Bay Street Corridor | Toronto | M5H1A1 | MLS C3956300

1 King St W, Toronto, ON M5H1A1 Canada

Sale

$429,000

Property ID :

 C3956300

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Bathrooms

1

Area

505

Description

All Furniture And Chattels Within The Unit Are Being Regulated And Maintained By The Hotel Pool And Yet Owned By The Unit Owner. Direct Access To The King Subway Station. Hotel Factor 1.2. Commercial Offer Submit To Btusi71@Gmail.ComThis Is A Hotel Managed Unit Netting A Cap Rate Of About 6% /$26 000-Year. The Hotel Pays Monthly By Direct Deposit. The Income Has Risen Annually. Owner Can Stay In The Unit On A Temporary Basis As Per Management Policy. Owner Can Retreat From The Hotel Pool For A Permanent Residential Use By Giving A 4 Months Notice. The Residential Realty Tax Would Then Be About 1/3 Of The Now Commercial Realty Tax Rate.

Property Information

  • MLS No: C3956300
  • Area: Toronto
  • Address: 1 King St W
  • Municipality: Toronto
  • Community: Bay Street Corridor
  • Address: 1 King St W
  • Style:Apartment
  • Kitchen: 1
  • Type: Condo Apt
  • Air Conditioning: Other
  • Bedrooms Plus:
  • Basement: Other
  • Cable TV Included: Y
  • Central Air Conditioning: Y
  • Family Room: N
  • Elevator:
  • Fire place Stove: N
  • Heat Source: Electric
  • Garage Type: None
  • Rooms: 2
  • ApproxSquareFootage: 0-499
  • Style: Apartment
  • Virtual Tour

  • Type: Condo Apt

Room Information

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Features

Property on Map

Agent Shahzad Habeeb | TREB Real Estate Salesperson

Shahzad has an comprehensive knowledge of the market and the trends in the field of Real Estate. He has been involved…Read More

Office: (647) 273-7237

Mobile: (647) 273-7237

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