261 King Street, Toronto, ON
This listing is no longer active (Sold)
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Property Highlights
Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Moss Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $775,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1200-1399 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
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.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 261 King Street E 408, Toronto C08, ON M5A 4T6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $775,000 in Toronto, the legal minimum down payment is $52,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,975 also applies, bringing the total estimated land transfer taxes to $23,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
