357 King West in Toronto

Name: Sales in 357 King West started!
Start: 2020-10-21T08:40:20.479723+00:00
End: 2023-12-31T23:59:59+0000
Location: 357 King West

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Project info

Object ID: 9966

Finished at	October 2021
Price, m²	From 12200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	42
Apartments	324
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Queen's/Park 3 min Museum 4 min St. Patrick 4 min Bay 5 min Osgoode 6 min Rosedale 7 min Summerhill 7 min St. Andrew 8 min St. Clair/West 8 min Bloor-Yonge 9 min St. George 9 min Wellesley 10 min College 10 min Davisville 11 min Union 12 min Spadina 13 min Dundas 13 min Eglinton/West 14 min Queen 14 min King 16 min Dupont 17 min Sherbourne 18 min Lawrence/West 19 min Bathurst 21 min
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

585,600$

Net profit

6,783$

Payback period

64.9 years

Avg property value increase per year

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About the project

Standing tall at the intersection of King and Blue Jays Way, 357 King West is a picture of elegance. Artfully designed to accommodate the essentials of modern city living, its slender form complements the downtown space in which it sits. The building’s glass façade reflects the vibrancy of the surrounding neighbourhood. As King Street evolves, its classic design will stand the test of time.