| CAC Included | |
| Common Elements Included | |
| Heat Included | |
| Hydro Included | |
| Building Insurance Included | |
| Water Included |
New2 hours ago
918 - 1 King Street W
Bay Street Corridor, Toronto
$375,000
Condo Apartment |
0 | 1 | 0 | 0
About this home
Excellent Investment Opportunity at the Prestigious One King West Hotel & Residence, Ideally Located in the Heart of Toronto's Financial District! This Fully Furnished Studio Suite Features a Functional Open-Concept Layout, High Ceilings, Crown Moulding, and Views of Commerce Court. Enjoy Direct Indoor Access to the TTC Subway and PATH Network, Just Steps from the Financial District, Eaton Centre, Restaurants, Shopping, Entertainment, and the Waterfront. Residents Enjoy 24-Hour Hotel Services and Excellent Amenities. Maintenance Fees Include Heat, Hydro, Water, TV, and Internet. An Excellent Opportunity for Investors or Buyers Looking to Own a Suite in One of Toronto's Most Recognized Landmark Buildings. Property Being Sold Under Power of Sale.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,919
- Property tax
- $276
- Heat allowance
- $150
- Condo fees, half counted
- $308
- Housing costs
- $2,653 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $75,000
25-yr amortization
Income needed
$82,000
gross annual household income
- Payment at 4%
- $1,578 / mo
- Cash down
- $75,000
Assumes no other monthly debts · 25-yr amortization
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