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    Toronto / Downtown / City Center - Toronto

    3012 - 1 King St W

    For SaleOne King West Hotel & Residence
    $600,000
    1 Bed
    1 Bath
    0 Parking
    556 SQFT
    71 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $776/mth
    Taxes:
    $4,523 (2024)
    Cost Per Sqft:
    $1,079/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    Immediately
    Laundry:
    None
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Large Window, Combined with Kitchen
    0 x 0ft
    Kitchen
    Laminate, Open Concept, Combined with Living
    0 x 0ft
    Bedroom
    Laminate, Window
    0 x 0ft

    About this Listing

    Exceptional Income Property! Currently in the hotel rental pool, offering a rare investment opportunity. South West exposure. 549 sqf. This 1.3-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

    ExtrasAll Existing Chattels, Fixtures, Furniture's. Buyer To Verify Taxes. Income Statement Is Available Upon Request.

    re/max premier inc.MLS® #C9397637

    Amenities

    Sauna
    Indoor Parking
    Bike Storage
    Security System
    Lap Pool
    Business Centre

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    46,209
    Average Individual Income
    $71,441
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $121,921
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    19%
    50 - 64
    21%
    65+
    18%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    49%
    High Rise Apartment
    22%
    Semi Detached
    14%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    65%
    Other
    14%
    Mandarin
    10%
    Cantonese
    8%
    Spanish
    1%
    Tagalog
    1%
    Tamil
    1%
    Education
    University and Above
    34%
    High School
    25%
    College
    16%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    24%
    Architecture & Engineering
    21%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    5%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    One King West Hotel & Residence vs The City Center - Toronto Area

    Building Trends At One King West Hotel & Residence

    Days on Strata

    Units at One King West Hotel & Residence spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in City Center - Toronto

    Turnover of Units

    On average, each unit is owned for
    7.1
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 9 condos in the City Center - Toronto area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    27
    Units were Rented over the past twelve months

    Best Value Rank

    One King West Hotel & Residence offers the
    ?
    best value out of 9 condos in the City Center - Toronto neighbourhood

    Appreciation Rank

    One King West Hotel & Residence has the
    ?
    highest ROI out of 9 condos in the City Center - Toronto neighbourhood

    Rental Yield

    One King West Hotel & Residence yields the
    ?
    highest rent prices out of 9 condos in the City Center - Toronto neighbourhood

    High Demand

    One King West Hotel & Residence is the
    ?
    most popular building out of 9 condos in the City Center - Toronto neighbourhood

    Transaction Insights at 1 King Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$355,000 - $400,000$402,000 - $525,000$420,000 - $669,000No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$863$963$870No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability28 Days60 Days152 DaysNo Data701 DaysNo DataNo Data
    Ratio of Units in Building63%29%6%2%1%1%2%

    Transactions vs Inventory

    Total number of units listed and sold in City Center - Toronto