1 King St W, #505

Bay Street Corridor
Toronto, Ontario
$449,000
For Sale
MLS© ID: C3956300
1 Bath(s)

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This Is A Hotel Managed Unit Netting A Cap Rate Of About 5% /$23, 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.

Extras: 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. All Offers Submit To Btusi71@Gmail.Com

Agent Info

Bernard Tsui
Bernard Tsui
Broker

Phone: 416-490-1177
Mobile: 416-722-8071
Fax: 416-490-1928

Property Features

  • Bathroom(s): 1
    • 4 piece : 1 total
  • Kitchen(s): 1
  • Approx. Square Footage: 0-499
  • Estimated Annual Taxes: $3,503.28
  • Maintenance Fees: $624.75
  • Basement: Other
  • Amenities: Concierge, Gym, Lap Pool, Party/Meeting Room, Sauna, Security System
  • Pets Permitted: Restrict
  • Exposure: N
  • Air Conditioning: Yes
  • Exterior: Concrete
  • Living style: Apartment
  • Property type: Condo Apt
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