4305 - 1 King Street W

Nestled in the vibrant Bay Street Corridor, this remarkable condo for sale in Toronto offers an outstanding income-generating opportunity with proven returns. Located at 1 King Street W, Toronto, this rarely available, renovated large studio suite boasts unobstructed east-facing lake views that are simply breathtaking. With its prime location in the heart of the Financial District, this property is not only a splendid living space but also a savvy investment choice.

The condo for sale in Toronto features an open-concept layout, which enhances the feeling of space and light. Although the unit does not have a separate bedroom or den, the layout is designed to maximise the living area, making it perfect for those who appreciate a modern, minimalist aesthetic. The total of two rooms includes a well-appointed bathroom, ensuring that all your needs are met within this compact yet functional space.

At 1 King Street W, Toronto, the kitchen is designed in a flat style, providing a sleek and contemporary look. While there is no additional kitchen, the main kitchen is equipped to handle all your culinary needs. The condo is unfurnished, allowing you the freedom to personalise the space to your taste.

Central air conditioning ensures that you remain comfortable throughout the year, while the heat pump provides efficient heating during the colder months. Although there is no fireplace to add a cosy touch, the modern amenities more than compensate for it. The property does not include a pool or a central vacuum system, but the benefits of living in such a desirable location far outweigh these minor omissions.

One of the standout features of this condo for sale in Toronto is its enrolment in the hotel rental pool, which delivers an estimated net return of approximately 6.5%. This makes it an excellent investment opportunity for those looking to generate income while enjoying the perks of city living. The hotel income statement is available upon request, and prospective buyers will be pleased to know that the 2025 financial statement will be available at the end of January.

The condo fees are inclusive of essential utilities such as TV, internet, heat, hydro, and water, making budgeting a breeze. With direct underground access to the subway and PATH, commuting and exploring the city has never been easier. The convenience of this location cannot be overstated, as it supports strong and consistent rental demand, making it a wise choice for investors.

Situated at 1 King Street W, Toronto, this property is not just a home; it’s a lifestyle. The vibrant community surrounding the Bay Street Corridor offers a plethora of dining, shopping, and entertainment options, ensuring that you are never far from the action. Whether you choose to continue with the hotel programme or occupy the unit personally, the possibilities are endless.

In conclusion, this condo for sale in Toronto is a rare find that combines modern living with investment potential. With its stunning views, prime location, and excellent rental returns, this property at 1 King Street W, Toronto, is a must-see for anyone looking to make a smart investment in the bustling city. Don’t miss out on this outstanding opportunity to own a piece of Toronto’s thriving real estate market.

The Bay Street Corridor, nestled in the heart of Toronto, is a vibrant and dynamic neighbourhood renowned for its striking skyline and bustling urban atmosphere. This area is characterised by its proximity to the financial district, making it a hub for professionals and businesses alike. Residents enjoy a rich tapestry of amenities, including upscale dining, chic boutiques, and cultural institutions such as art galleries and theatres. With excellent public transport links and a walkable layout, the Bay Street Corridor offers a cosmopolitan lifestyle, where the energy of the city is ever-present, yet it also provides pockets of green space for relaxation amidst the urban hustle. It's an ideal location for those seeking the convenience of city living combined with a diverse and engaging environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The Downtown Alternative School, just 0.6 km away, offers a strong public education for grades JK to 8, with a commendable school rating of 8.4. For older students, the Kapapamahchakwew - Wandering Spirit School is only 0.2 km away, providing education for grades 9 to 12, though it currently has a rating of 0. Additionally, St. Michael Catholic School, located 0.7 km from the property, is another solid option for elementary education (JK to 8) with a rating of 7.1. For high school, St. Joseph's College School, situated 1.9 km away, offers a Catholic education with a rating of 7.6. Other nearby schools include Ryerson Community School, which provides French instruction for grades JK to 8, and St. Mary Catholic School, offering education in French for younger students (JK to 4). Overall, the area boasts a mix of public and Catholic schools, catering to various educational needs and preferences, ensuring that your children have access to quality education close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 2,382 residents as of 2021. The average household size is 1.6, indicating a predominance of single-person households, with 57.14% of the population identifying as single. The average age of residents is 37.7 years, and a significant portion of the population, 46.21%, are immigrants, contributing to the area's cultural diversity. The average household income stands at a robust $154,800, although 20.2% of residents fall into the low-income category. Housing is primarily in the form of condominiums, with 100% of the properties being condos, and a notable 59.18% of residents are renters. Families with children represent 25.27% of households, reflecting a balance between single individuals and families. Education levels are high, with 86.76% of residents holding a college or university degree. However, 20.59% of the population is not in the labor force, which may indicate a mix of students, retirees, or individuals engaged in other pursuits. The average property price in the area is $1,315,000, underscoring the area's desirability and economic status.