1 King St W #505 , Toronto

1 Bath / $449,000 / MLS® #:C3956300

  • Listing C3956300 - Thumbmnail Photo # 1
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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.

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

Property Details

Property Type Condo Apt
Property Style Apartment
Square Feet 0-499
Property Tax $3,503
Maintenance $624.75
Days On Our Website 36
Basement Other
Kitchens 1
Garages 0.0
Lot Dimensions x
Pool N/A
Area Toronto
Fireplaces N
Air Conditioning Other
Heating Electric - Heat Pump
Exterior Concrete
Garage Type None
Sewers N/A
Water N/A

Room Information

Floor Room Dimensions Description

Bathroom Information

Floor Description
Flat 1 x 4 piece

Listing Office: HOMELIFE NEW WORLD REALTY INC., BROKERAGE

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