Toronto, Bay Street Corridor, M5H 1A1
$629,900$000000
Listed by UNION REALTY BROKERAGE INC..
An Opportunity Not to Be Missed, A Unique Turn-Key Investment Opportunity and Pied-A-Terre Option For Nights in the City. Perfect for The Hands Off Investor In An Unbeatable Location. Many Accolades including a #1 Rating For The Best Hotels Canada 2022 by Kayak, Rated The #4 Hotel in Toronto & #24 Hotel in Canada, Awarded by Trip Advisors Best of the Best Hotels List. A Modern & Fully Furnished Suite, Boasting Incredible Views & Upgrades. A 1.4 Factor In the Hotel Rental Pool with a 7% Cap Rate. Hotel Calibre Amenities Including Valet Parking, Sauna & Hot Tub, Fitness Centre, A Bar & Two Restaurants Offering Room Service. Located In The Heart of The Financial District, Steps to The TTC, PATH System, & the Eaton Centre.
Closing Must be 1st or 31st of the Month. Financials Available Upon Request. Projected Cap Rate of 9% for 2023.
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The graph below compares the average list price and average sale price of condos in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for condos in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 2 times before. To view this property's sale price history please sign in or register: