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806 - 1 King Street
Bay Street Corridor, Toronto
$539,000
**Exceptional Investment Opportunity at One King West!** Hassle-free ownership with positive cash flow from day one. This suite is in the hotel rental pool with a **factor of 1.2** and a **published net income of $40,081**, and 2026 distributions are running ahead of last year. It comes fully furnished with a **king bed**, washer and dryer, an open-concept layout and high ceilings. The owner can stay in the unit (with restrictions), so it works as an income property and a pied-à-terre in the heart of the city. You get luxury 24-hour hotel services, and condo fees cover all utilities: TV, internet, heat, hydro and water. Direct indoor access to the TTC, the PATH, the Financial District, shopping, bars and restaurants.
No extras listed.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 0-499 sq. ft. |
| Maintenance Fees | $722 |
| Locker | None |
| Balcony | None |
| Exposure | West |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $3,560 |
| mls© Number | C14150570 |
| Listed By | FOREST HILL REAL ESTATE INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,759
- Property tax
- $297
- Heat allowance
- $150
- Condo fees, half counted
- $361
- Housing costs
- $3,567 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$110,000
gross annual household income
- Payment at 4%
- $2,268 / mo
- Cash down
- $107,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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