2912 - 1 King Street W

Bay Street Corridor, Toronto

2912 - 1 King Street W, Bay Street Corridor, Toronto

$499,000

Bedrooms: 1

Bathrooms: 1

Living Area: 500 sqft

Price Per Sqft: $998.00

About this Condo

in Bay Street Corridor, Toronto

Welcome to luxury living and an exceptional investment opportunity in the heart of Toronto's Financial District. Rarely offered, this beautifully renovated and fully furnished large studio suite features a bright open-concept layout with breathtaking unobstructed east-facing views extending toward the lake. Situated on a high floor, the unit is filled with natural light throughout the day.Currently enrolled in the hotel rental program, this property generates a high net return, with hotel income statements available upon request. Hotel Unit Factor 1.3. Buyers have the flexibility to continue participating in the hotel program or enjoy the suite as their own downtown residence.Enjoy unbeatable convenience with direct underground access to the subway and Toronto's PATH network, placing the city's financial core, world-class dining, shopping, and entertainment just steps away. Residents also enjoy access to the exceptional hotel-style amenities at the prestigious One King West Hotel. Condo fees include heat, hydro, water, TV, and internet, making ownership even more convenient.Whether you're seeking a turnkey investment with strong rental demand or a stylish pied-à-terre in one of Toronto's most sought-after locations, this is a rare opportunity not to be missed.

Listed by SMART SOLD REALTY.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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