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2105 - 1 King Street W
Bay Street Corridor, Toronto
$349,800
The most prime of locations in downtown Toronto - ONE KING WEST. Tired of commuting or the unknown of hotel availability? This RENOVATED studio space with 10ft ceilings with an open view is the ideal suite to accommodate your stay in the heart of Toronto's financial district. Connected directly to the underground PATH system and King subway station, there is nothing more convenient than walking indoors year-round to get to important meetings, health/self-care appointments, great restaurants, shopping and more. The ultimate turnkey opportunity - all the headaches of renovation rules and restrictions at this location have already been handled; you simply get to move in and enjoy the beautiful, modern result as your getaway in the city or full time home! For investors, this fully furnished, move-in-ready suite also presents an excellent opportunity to attract premium rental income from professionals. 24hr concierge, rooftop gym, lap pool, and sauna are included, but you can also enjoy traditional hotel services like room service and housekeeping for a fee. Maintenance fees include all utilities, cable TV and internet! King streetcar at your door, steps to Union Station, St Lawrence Market, Eaton Centre, theatres, St Michael's Hospital and so much more.
No extras listed.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,790
- Property tax
- $156
- Heat allowance
- $150
- Condo fees, half counted
- $337
- Housing costs
- $2,434 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$75,000
gross annual household income
- Payment at 4%
- $1,472 / mo
- Cash down
- $69,960
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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