$11,200,000
Available - For Sale
Listing ID: W11921115
1302 King St West , Toronto, M6K 1G8, Ontario


Buy a 32 unit apartment building in downtown Toronto for only $2.2M equity cheque! Amazing assumable CMHC financing: approximately $9M of 1st mortgage assumable financing fixed at 4% interest for the next ~9.5 years. Clean Terraprobe Phase 1 ESA dated April 12, 2023.
Price $11,200,000
Taxes: $25901.00
Tax Type: Annual
Occupancy by: Tenant
Address: 1302 King St West , Toronto, M6K 1G8, Ontario
Postal Code: M6K 1G8
Province/State: Ontario
Legal Description: LT 18 BLK F PL 418 PARKDALE; PT LT 19 BL
Lot Size: 63.00 x 150.00 (Feet)
Directions/Cross Streets: Dufferin St - King St W
Category: Apartment
Use: Apts-Over 20 Units
Building Percentage: Y
Total Area: 9494.00
Total Area Code:  Sq Ft
Heat Type: Baseboard
Central Air Conditioning: N
Water: Municipal
Schools

8 public & 8 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.

Parks & Rec

4 playgrounds, 2 wading pools and 1 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 1 min walk away. Rail transit stop less than 2 km away.

$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $560,000 $1,120,000 $1,680,000 $2,240,000
First Mortgage $10,640,000 $10,080,000 $9,520,000 $8,960,000
CMHC/GE $425,600 $312,480 $266,560 $0
Total Financing $11,065,600 $10,392,480 $9,786,560 $8,960,000
Monthly P&I $54,606.74 $51,285.01 $48,294.9 $44,215.98
Expenses $0 $0 $0 $0
Total Payment $54,606.74 $51,285.01 $48,294.9 $44,215.98
Income Required $2,047,752.57 $1,923,187.86 $1,811,058.9 $1,658,099.24

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$27,634.99
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTRON REALTY INC.
Personal Picture
Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: South Parkdale
Style:
Lot Size: 63.00 x 150.00(Feet)
Approximate Age:
Tax: $25,901
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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Years