Log In/Sign Up
Your email has been sent.
1384-1386 King St W 18 Unit Apartment Building $3,243,313 USD ($180,184 USD/Unit) 3.91% Cap Rate Toronto, ON M6K 2V2
Investment Highlights
- Straightforward operational structure designed for efficient ownership and management.
- Strong tenant profile with rents currently below market levels, offering future revenue growth opportunity.
- Abundant natural light throughout the building enhances resident appeal.
Executive Summary
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.
Property Facts
| Price | $3,243,313 USD | Apartment Style | Low-Rise |
| Price Per Unit | $180,184 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.91% | Building Size | 14,379 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | R - Residential Detached Zone | ||
| Price | $3,243,313 USD |
| Price Per Unit | $180,184 USD |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 14,379 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Zoning | R - Residential Detached Zone |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1384-1386 King St W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.