1 King St W 2603
Bay Street Corridor, Downtown Toronto, M5H 1A1
FOR SALE
$610,000
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Property Description
Welcome To One King West. This Fully Furnished, recently updated hotel suite In The Heart Of The Financial District offers an incredible investment opportunity. As part of the Hotel Pool, This unit garnered a staggering gross revenue of $125,529 last year alone. A cap rate you likely won't find anywhere else in Toronto. Rather then Pay For Hotels Why Not Purchase A Cost Effective Investment You Can Actually Use. This oversized Studio Apartment features Beautiful Large Windows With Tremendous Views Of The City To The North, East and West. Experience the pinnacle of luxury living. With this centre ice location, You'll enjoy direct access to TTC, The PATH, shopping, galleries, theatres, bars, and restaurants. Whether you're seeking a high return cash flow investment or yearning for the true Manhattan lifestyle in the heart of Toronto, this property offers it all.Including An Indoor Pool, Dry Sauna, Outdoor Summer Lounge, & Exercise Room. It Also Offers 24-Hour Concierge, Onsite Property Management, Access To Room Service & Valet Pkg. **EXTRAS** Generous amenities include an Indoor Pool, Dry Sauna, Outdoor Summer Lounge, & Exercise Room.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-24 | 2024-11-13 | 173 | $675,000 | - | Terminated |
Nearby Intersections
Weston & 401 (45)
Weston & Lawrence (36)
Property Features
Clear View, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$4,350 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
1 King St W 2603 is a 0-bedroom 1-bathroom condo listed for sale at $610,000, which is $231,875 (61.3%) higher than the average sold price of $378,125 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto declined by $23,770 (5.9%) compared to the previous 30 day period (December 22 - January 20) and down $40,491 (9.7%) from the same time one year ago.Inventory Change
There were 76 0-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 20.6% compared with the previous 30 day period (December 22 - January 20) and down 9.5% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($18,274) (4.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $5,429 decrease compared to the previous 30 day period (December 22 - January 20) and ($2,228) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 0-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 15.8%, down from 19.0% over the previous 30 days (December 22 - January 20) and down from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 42 days when successfully sold over the last 30 days (January 21 - February 19), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Chestnut Park Real Estate Limited
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