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    261 King Street E

    Abbey Lane Lofts
    1for Sale
    0for Rent

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    5
    Number of Units:
    30
    Condo Completion:
    2002
    Condo Demand:
    High
    Unit Size Range:
    409 - 2,000 SQFT
    Unit Availability:
    Low

    Listing History for Abbey Lane Lofts

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    Amenities

    Visitor Parking
    BBQs Allowed
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 261 King Street EAbbey Lane Lofts

    While the name Abbey Lane evokes images of John, Paul, Ringo, and George for some, certain Toronto residents associate this title with home. This is because the soft lofts at 261 King Street East are better known as the Abbey Lane Lofts.

    Red brick and swathes of warehouse windows also sound like something one might find on the exterior of a heritage building. However upon viewing the façade of 261 King East, it becomes clear that these are truly contemporary homes.

    In 2003 Harhay Construction Management Ltd built the Abbey Lane Lofts, endowing King Street East with 29 modern Toronto lofts for prospective buyers who love loft-style living but require the sleek details associated with soft lofts. The low-rise boutique building even features retail businesses along the ground level, adding an extra hint of convenience to the loft.

    What the building lacks in common amenities, it makes up for in location. Sitting pretty on the lively yet laid back King Street East, Toronto condos for sale here are the ideal spot for anyone looking to live in the centre of the city, yet away from excessive crowds and ambient noise from club goers.

    Residents still have access to parking spaces for cars and bikes, as well as storage lockers and a phone entry system for security. And to top it all off, prospective buyers who don’t require a pool or a gym directly in the building will be glad to hear of the low monthly fees paid by homeowners living at 261 King East.

    The Suites

    The intimate loft is made up of only 29 units. Nevertheless, there is quite a drastic range in size, with the smallest unit starting at around 600 square feet, and the largest reaching to approximately 2,000. This way, residents with all sorts of budgets and lifestyles can be comfortable in whichever unit they choose.

    The smallest suites feature one bedroom each, with some of the more spacious units spanning multiple levels. Certain lofts even boast rare mezzanine style layouts, which are decked out with floating staircases and cantilevered supports for upper storeys.

    While the Abbey Lane Lofts couldn’t be called lofts without some decently high ceilings, heights in this building reach up to a staggering 20 feet tall. Industrial finishes are also found throughout the soft lofts, such as exposed concrete and visible ductwork. Juxtaposing these industrial elements are hardwood flooring and the warm, bright sunlight that pours in through wall-to-wall windows. Certain homeowners can even enjoy the sunshine from their private balconies or terraces, when the weather permits of course.

    The Neighbourhood

    With its location in the St. Lawrence neighbourhood, residents need not go far for entertainment and amenities. Even grocery shopping becomes less of a chore when living at 261 King Street East, with St. Lawrence Market only a short walk away.

    The market, which was once even named one of the world’s best by National Geographic, is where Torontonians make weekly pilgrimages for fresh farm produce on Saturdays and ancient antiques on Sundays. From Tuesday to Saturday, the main building is also open for business, where various vendors serve up everything from fresh fish to bulk nuts and spices from faraway places.

    King Street East, on the other hand, has a spirit of its own. This stretch is known for its architectural firms and furniture design shops, which are interspersed with numerous choices of restaurants and bars. And for those who prefer to spend their spare time in the great outdoors, residents will quickly become familiar with St. James Park, Corktown Common, and the Martin Goodman Trail.

    Transportation

    Residents making use of the bicycle parking at the Abbey Lane Lofts will be happy to hear of the bike lanes that run along Adelaide and Richmond Streets. Drivers can also make use of these routes when heading toward the financial district, or even further west.

    Those with cars are also within close reach of both the Gardiner Expressway and the Don Valley Parkway. Both of these fast-paced highways will make traveling to the other side of the city a breeze.

    Residents who ride the TTC, on the other hand, will love their minimal walk to the streetcar stop at King and Sherbourne Street. From here, passengers have the option to ride west toward King Station on the Yonge line, which can be reached in a mere five minutes.

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    Explore St. Lawrence

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Abbey Lane Lofts vs The St. Lawrence Area

    Days on Strata

    Units at Abbey Lane Lofts spend an average of
    14
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    4.2
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    33rd
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Abbey Lane Lofts offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    Abbey Lane Lofts has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    Abbey Lane Lofts yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    Abbey Lane Lofts is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 261 King Street E

    1 Bed1 Bed + Den2 Bed + Den3 Bed + Den
    Price Range$582,500 - $737,700No DataNo DataNo Data
    Avg. Cost Per Sqft$920No DataNo DataNo Data
    Avg. Wait for Unit Availability264 Days754 Days878 DaysNo Data
    Ratio of Units in Building74%16%8%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in St. Lawrence