1 King St W 3210
Bay Street Corridor, Downtown Toronto, M5H 1A1
FOR SALE
$668,000
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Property Description
Exceptional Income Property! Currently in the hotel rental pool, offering a rare investment opportunity. This 1.4-factor unit is a fully furnished suite just minutes from the Financial District, with direct access to the subway and PATH. Condo fees cover everything-TV, internet, heat, hydro, and water! A prime location with unbeatable convenience
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Extras
All Existing Chattels, Fixtures, Furniture's. Buyer To Verify Taxes. Income Statement Is Available Upon Request.
Nearby Intersections
Weston & 401 (60)
Weston & Lawrence (66)
Property Features
Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$3,953 (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
Other
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
1 King St W 3210 is a 0-bedroom 1-bathroom condo listed for sale at $668,000, which is $246,761 (58.6%) higher than the average sold price of $421,239 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto increased by $1,656 (0.4%) compared to the previous 30 day period (July 21 - August 19) and down $20,186 (4.6%) from the same time one year ago.Inventory Change
There were 78 0-bedroom condos listed in Downtown Toronto over the last 30 days (August 20 - September 18), which is up 20.0% compared with the previous 30 day period (July 21 - August 19) and down 7.1% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($2,308) (0.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $13,904 increase compared to the previous 30 day period (July 21 - August 19) and ($9,152) more 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 (August 20 - September 18) stood at 29.5%, down from 36.9% over the previous 30 days (July 21 - August 19) and down from 33.3% 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 35 days when successfully sold over the last 30 days (August 20 - September 18), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc.
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