1384-1386 King St W - Apartments FOR SALE


Toronto, ON M6K 2V2- South Parkdale/King West
$4,500,000 CAD
416-849-5360
1384-1386 King St W, Toronto, ON for Sale
$4,500,000 CAD
Apartments - FOR SALE
1/2
null | 3.91% Cap Rate

1384-1386 King St W
Toronto, ON M6K 2V2
South Parkdale/King West


HIGHLIGHTS

  • Straightforward operational structure designed for efficient ownership and management.
  • Abundant natural light throughout the building enhances resident appeal.
  • Strong tenant profile with rents currently below market levels, offering future revenue growth opportunity.

OVERVIEW

This well-maintained three-storey walk-up apartment building comprises 18 residential units and offers a reported 2026 net operating income of $176,000. Recent capital improvements include a new roof and a new boiler installed in 2025, helping to support ongoing operational efficiency. The property benefits from separately metered units, abundant natural light throughout the building, and on-site Coinamatic laundry facilities. With a strong tenant mix and rental rates currently below market levels, the asset presents an opportunity for future income growth while maintaining a straightforward and manageable ownership structure.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$313 CAD /SF

# OF UNITS

18

PRICE/UNIT

$250,000

CAP RATE

3.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,557 SF

ZONING

R

APN/PARCEL ID

190402127003400

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 Notice.