1502 King St W - Apartments FOR SALE


Toronto, ON M6K 3B5- South Parkdale/King West
$4,200,000 CAD
416-849-5360
1502 King St W, Toronto, ON for Sale
$4,200,000 CAD
Apartments - FOR SALE
1/2
null | 3.79% Cap Rate

1502 King St W
Toronto, ON M6K 3B5
South Parkdale/King West


OVERVIEW

Boutique building, 15 Units located directly on King Street West. Fantastic curb side appeal. This unique building is located in Parkdale with a short walk to Roncesvalles, King W and Dufferin. Buses and streetcars at the front door. Grocery (Nofrills) less than 5 minute walk, beach less than 10 minute walk. Phase 1 Enviro Complete. Beautiful charm throughout. Fully occupied. Hydro is paid by the owner. It's including 6 bachelor unit, 8 of 1 bedrooms, one of 2 bedrooms. Large, bright apartments, laundry onsite. Current gross income about $230,000.00 and potentially earn up close to 250,000.00 in 2024. Please contact listing agent for financial information. All numbers and measurements are to be verified by co-operating agent. VTB available. Seller is willing to do a second mortgage at 6% repayable interest only for 2 years. Total mortgage financing is not to exceed 80% LTV. Salesperson related to the owner of the building.

FOR SALE DETAILS

PRICE

$4,200,000 CAD

PRICE/SF

$405 CAD /SF

# OF UNITS

15

PRICE/UNIT

$280,000

CAP RATE

3.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,531 SF

ZONING

R

APN/PARCEL ID

190402121006400

ASK ABOUT THIS PROPERTY

Stephen MurphyCentury 21 Regal RealtyMore Info
416-849-5360

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Stephen MurphyCentury 21 Regal RealtyMore Info
416-849-5360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.