$949,000
Est. payment $4,202/moCalculate yours
261 King Street E 402, Toronto, ON M5A 4T6
Moss Park, Toronto, ON M5A 4T6
- 1 + 1 Beds
- 2 Baths
- 1 Garage
- 1,000 Sq Ft
Listing courtesy of SAGE REAL ESTATE LIMITED MLS® C13792080
About this home
Our Queen Was In The New York Times ! Allow us to introduce you to a beauty Queen on King. Welcome to Abbey Lane Lofts, a quiet, boutique, 29-unit (pet-friendly) building located just steps from the St. Lawrence Market and some of the best shopping and dining in the 6ix. Unit 402 is one of only a few 2-storey layouts with a large private terrace, featuring palatial ceilings and soaring floor to ceiling loft windows to let in the natural light. Approximately 1100 sq ft of refined living space and a 100 sq ft terrace with the most coveted, private, North facing view in the building, screams to be entertained in. This Queen recently got a facelift with an upgraded kitchen, new paint throughout and new carpet. We love a versatile layout and this one allows a buyer to have OPTIONS. This 1 bedroom plus den could easily convert to 2 full bedrooms with large closets and the primary bedroom, which easily fits a king bed and room to spare for a Peloton (or honestly, a small yoga class) could be used as a living room, allowing for a huge, dining and office area on the main floor. Other remarkable features include: exposed ductwork, concrete walls, walk-in closet with organizers, a crawlspace in the powder room, gas line for a BBQ and water tap for your dream garden. The modern kitchen is insta-worthy and perfectly equipped with a gas stove for the home chefs, while the lighting throughout the home would make any photographer drool. 402 strikes a very rare balance between homey and impressive. Top 3 Reasons to Fall in Love: The Neighbourhood: Finding a quiet building in one of the most bustling neighbourhoods in Toronto is rare. Here, you are steps from transit, close to main driving arteries, some of the best shops and eats around. The Layout: The high ceilings of a loft, combined with the privacy of a house! 2-storey living is versatile & always makes a space feel larger. Lofty Goals Met: Real wood floors, modern quartz counters, exposed ducts, concrete walls & outdoor space.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- Loft
- For
- For Sale
- Status
- New
- Size
- 1,000 sqft
Interior
- Bedrooms
- 1 + 1
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
Lot & Parking
- Parking
- Underground garage · 1 total
Financial
- Property Taxes
- $4,665 (2026)
- Condo Fee
- $1,359/mo
- Fee Includes
- Common Elements Included, Parking Included, Building Insurance Included, Water Included
- Pets
- Yes-with Restrictions
Location
- Neighbourhood
- Moss Park
- Cross Street
- King And Sherbourne
Listing
- MLS® Number
- C13792080
- Days on Market
- 32
- Listed On
- 2026-09-16
- Possession
- 30/60/90
- Listed By
- SAGE REAL ESTATE LIMITED
Rooms
Features
Interior
- None
Property
- Hospital
- Park
- Place Of Worship
- Public Transit
- Terraced
Amenities
- BBQs Allowed
- Elevator
- Visitor Parking
- Included
- Stainless Steel: Fridge, Gas Stove/oven, Dishwasher, Built in Microwave, Clothes Washer and Dryer, All Electric Light Fixtures. 1 Underground parking. Terrace Has Gas Line For BBQ and Water Tap For Hose.
- Excluded
- None
- Rental items
- Air Handler (2023) Air Conditioner Condenser (2023) On Demand Tankless Boiler (2022)
Mortgage calculator
Estimated mortgage payment
$4,202 per month
- Principal and interest
- $4,202
- Property tax
- $389
- Condo fees
- $1,359
- Estimated monthly cost
- $5,950
Your mortgage
- Mortgage amount
- $759,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $501,390
Cash to close
- Down payment
- $189,800
- Land transfer tax (Ontario + Toronto)
- $30,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $220,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.