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    Toronto / Downtown / City Center - Toronto

    2603 - 1 King St W

    For SaleOne King West Hotel & Residence
    $649,000
    Studio + 1
    1 Bath
    0 Parking
    583 SQFT
    12 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $814/mth
    Taxes:
    $4,350 (2024)
    Cost Per Sqft:
    $1,113/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    North East
    Possession Date:
    December 1, 2024
    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

    Room dimensions are not available for this listing.

    About this Listing

    Welcome To One King West. This Fully Furnished, recently updated hotel suite In The Heart Of The Financial District offers an incredible investment opportunity. As part of the Hotel Pool, This unit garnered a staggering gross revenue of $125,529 last year alone. A cap rate you likely won't find anywhere else in Toronto. Rather then Pay For Hotels Why Not Purchase A Cost Effective Investment You Can Actually Use. This oversized Studio Apartment features Beautiful Large Windows With Tremendous Views Of The City To The North, East and West. Experience the pinnacle of luxury living. With this centre ice location, You'll enjoy direct access to TTC, The PATH, shopping, galleries, theatres, bars, and restaurants. Whether you're seeking a high return cash flow investment or yearning for the true Manhattan lifestyle in the heart of Toronto, this property offers it all.Including An Indoor Pool, Dry Sauna, Outdoor Summer Lounge, & Exercise Room. It Also Offers 24-Hour Concierge, Onsite Property Management, Access To Room Service & Valet Pkg.

    ExtrasGenerous amenities include an Indoor Pool, Dry Sauna, Outdoor Summer Lounge, & Exercise Room.

    chestnut park real estate limitedMLS® #C10420470

    Amenities

    Party Room
    Security System
    Visitor Parking
    Outdoor Pool
    Gym Room
    Sauna

    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!

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    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
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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

    -2%
    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

    11
    Units were Sold over the past twelve months

    Rented Units

    25
    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 - $408,500$402,000 - $525,000$420,000 - $669,000No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$901$1,019$870No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability28 Days61 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