502 King Street E, Toronto - Sold for $795,000 | Modern Solution Realty

502 King Street E, Toronto

502 King Street E in Toronto - 2 bedroom, 2 bathroom. Sold for $795,000. Listed at $849,900.

Rarely Offered Residential Property with Commercial Exceptions On King St. East Between Sumach And River. Prime Location With Lots Of Foot Traffic. Future Development Site. Many New Projects Being Built In This Redeveloping Area. The Space Is Fully Updated From Top To Bottom. Amazing Live Work Space Or Great Investment Property. Very Bright With Great Layout And High Ceilings. Property Zoned Residential With Commercial Exceptions. See List Of Exceptions Attached. Great Live/Work Option. Small Back Porch Off Rear Of Office With Access From Right of Away From Ashby Place. Close to future Ontario south relief line subway stop, within walking distance. Currently taxed commercially due to its current use, though the property is zoned residential. If converted back to residential use, the property taxes would revert to residential taxes.

Property Details

  • Property Type: Mortgage
  • Style: 3-Storey
  • Square Footage: 1300 sqft
  • Basement: Full
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 0 space
  • Property Taxes: $9,900/yr
  • Neighbourhood: Moss Park
  • Postal Code: M5A 1M1

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