1 King St W, #625

Bay Street Corridor
Toronto, Ontario
$479,000
For Sale
MLS© ID: C3956307
1 Bath(s)

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This Is A Hotel Managed Unit Netting A Cap Rate Of About 5% /$24, 950-Year. The Hotel Pays Monthly By Direct Deposit. The Income Has Risen Annually. Owner Can Live In The Unit On A Temporary Basis As Per Hotel Management Policy. Owner Can Retreat From The Hotel Pool, For Permanent Residential Use By Giving The Hotel A 4 Months' Notice. The Residential Realty Tax Would Be About 1/3 Of The Now Commercial Realty Tax.

Extras: All Furniture And Chattels Are Regulated By The Hotel Management But Owned By Unit Owner And Thereby Included In The Purchase Price. Direct Access To The King Subway Station. Hotel Factor 1.3. All Offers Submit To Btsui71@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: 500-599
  • Estimated Annual Taxes: $4,950.00
  • Maintenance Fees: $678.42
  • Amenities: Bus Ctr (Wifi Bldg), Concierge, Gym, Lap Pool, Security System
  • Pets Permitted: Restrict
  • Exposure: S
  • Air Conditioning: Yes
  • Exterior: Concrete
  • Living style: Apartment
  • Property type: Condo Apt
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