261 King St E 408

FOR SALE
$775,000
261 King St E 408, Downtown Toronto
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
261 King St E 408
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1 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C11998440
MLSID
Contact Us
Property Description
Priced to Sell ~ Abbey Lane Lofts | Spacious 1Bed+Den in a Coveted Boutique Building | A rare opportunity to own a 1,296 sq. ft. loft in a boutique building with only 29 units. Featuring floor-to-ceiling windows and soaring ~11 ceilings, this stylish space boasts exposed spiral ductwork and exposed concrete details for a true loft aesthetic. The south-facing primary bedroom includes twin double closets, while the versatile den can easily function as a second bedroom or home office. Thoughtful design includes a main-floor powder room and an oversized second-floor bath with a soaker tub and tiled shower. Located just steps from King St. shops, top restaurants, the streetcar, and the St Lawrence Market District. Property is being offered 'as-is' at a discounted price that must close by April 1st.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-03-17 2022-04-28 42 $1,175,000 - Terminated
2020-08-28 2020-10-13 46 $3,250 $3,100 Leased
Property Features
Public Transit
Property Details
Street
Community
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1200-1399
Taxes
$4,943 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (01/05)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain15.49' x 10.17'Laminate, Window Flr to Ceil, W/O To Terrace
DiningMain15.49' x 10.17'Laminate, Halogen Lighting, Open Concept
KitchenMain15.49' x 9.15'Laminate, Centre Island, Granite Counter
Prim BdrmUpper15.49' x 12.93'Laminate, Double Closet, Window Flr to Ceil
DenUpper15.49' x 9.32'Laminate, B/I Closet, Open Concept
FoyerMain9.51' x 6.59'Laminate, 2 Pc Bath, Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
261 King St E 408 is a 1-bedroom 2-bathroom condo listed for sale at $775,000, which is $217,890 (39.1%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.
Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Emerson Group Realty Ltd.
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