224 King Street W 1403, Toronto C01

$988,000
224 King Street W 1403

$988,000

New
2d
Condo ApartmentApartment

224 King Street W 1403, Toronto C01

Total Monthly Obligation $5,537

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
2d
Score
15
Yield
4.5%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Condo Apartment
MLS® Number-C14102728
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$5,037 (2025)
Maintenance-$931.65/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-BAY STREET INTEGRITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome To 224 King St W, Unit 1403, An Upgraded 2-Bedroom, 2-Bathroom Corner Suite In The Heart Of Downtown Toronto! Over $10K of Recent Upgrades Include Fresh Paint, New Engineered Hardwood Flooring Throughout, Baseboards, Light Fixtures, And Mirrors in Two Bathrooms. This Inviting Home Features An Open-Concept Layout With Soaring 9-Foot Ceilings And Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Spacious Living And Dining Areas Flow Seamlessly Into The Modern Kitchen, Complete With Stainless Steel Appliances And A Centre Island That Doubles As A Breakfast Bar. The Primary Bedroom Offers A Generous Walk-In Closet With An Organizer And A Private 4-Piece Ensuite. Enjoy An Impressive Selection Of Amenities, Including An Outdoor Pool, Fitness Centre, Party/Meeting Room, 24-Hour Concierge Service, And More. Unbeatable Downtown Convenience Puts You Steps From St. Andrew And Union Subway Stations, David Pecaut Square, Parks, Grocery Stores, And A Fantastic Variety Of Dining Options. With Easy Access To The Gardiner Expressway, This Exceptional Urban Residence Offers The Perfect Blend Of Comfort, Style, And Convenience!

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$790,400
Land Transfer Taxes$16,235
Legal Fees (Est.)
$
Total cash required for closing$215,335

Total Monthly Obligation

$5,537/mo
Mortgage $3,985
Monthly Loss $4,488
Principal$1,049
Interest$2,937
Property Tax$420
Condo Fees$932
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.8%14
10-Year IRR
7.5%
Returns Index
8.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$44,064/yr
NOI
$21,041/yr
Net Cash Flow
-$2,232/mo
Cash Margin
-60.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
16.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 224 King Street W 1403

Time

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Data last updated within the past 24 hours.