224 King Street W 1504, Toronto C01

$1,148,000
224 King Street W 1504

$1,148,000

New
24d
Condo ApartmentApartment

224 King Street W 1504, Toronto C01

Total Monthly Obligation $6,274

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
24d
Score
14
Yield
3.8%
Cash on Cash
-11.6%
Cap Rate
2.1%
5Y IRR
6.5%
10Y IRR
7.6%
Property Type-Condo Apartment
MLS® Number-C13838256
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$5,447 (2026)
Maintenance-$989.52/mo
Locker-Owned
Parking-1 - Carport
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ULTIMATE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30 days
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome to Theatre Park, an iconic residence in the heart of Toronto's Entertainment District. This stunning suite offers breathtaking southeast city views overlooking Roy Thomson Hall and David Pecaut Square, and is steps from the Royal Alexandra Theatre, Princess of Wales Theatre, and TIFF Bell Lightbox. Featuring modern industrial-inspired finishes, this suite boasts exposed concrete walls, engineered hardwood flooring, floor-to-ceiling windows, wall-to-wall closets, and a contemporary kitchen with stainless steel appliances, including a rare gas stove. Step onto your private balcony complete with a gas BBQ hookup-perfect for outdoor entertaining. Enjoy exceptional building amenities, including an outdoor pool, fitness centre, party room, and 24-hour concierge. Unbeatable location just steps to the PATH, St. Andrew Subway Station, world-class dining, shopping, theatres, and Toronto's vibrant downtown lifestyle.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$918,400
Land Transfer Taxes$19,435
Legal Fees (Est.)
$
Total cash required for closing$250,535

Total Monthly Obligation

$6,274/mo
Mortgage $4,631
Monthly Loss $5,056
Principal$1,219
Interest$3,412
Property Tax$454
Condo Fees$990
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.7%0
5-Year IRR
4.2%9
10-Year IRR
6.2%
Returns Index
5.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$43,284/yr
NOI
$19,234/yr
Net Cash Flow
-$3,028/mo
Cash Margin
-83.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo24
Risk Index
14.9/ 100

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

Comparables

Properties near 224 King Street W 1504

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.