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    22 Leader Lane & 37 King Street E

    King Edward Private Residences
    2for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    4
    Number of Units:
    143
    Condo Completion:
    2013
    Condo Demand:
    Medium
    Unit Size Range:
    313 - 1,200 SQFT
    Unit Availability:
    Medium

    Listing History for King Edward Private Residences

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    Amenities

    Concierge
    Party Room
    Rec Room
    Media Room
    Security System
    Sauna

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 22 Leader LaneKing Edward Private Residences

    With a long history of hosting luminaries, beloved authors, and stars like the Beatles, Ernest Hemingway and Britney Spears, a portion of this landmark hotel has become the King Edward Private Residences, following a change of ownership to King Edward Realty and development by Dundee Kilmer. At 37 King Street East and 22 Leader Lane, these downtown Toronto condos are unique opportunities for prospective homeowners to live luxuriously in a culturally significant building.

    Built in 1903 by George Gooderham, the building’s French Renaissance-style architecture was originally designed by Henry Ives Cobb and E.J. Lennox. After many different owners, which included a restoration project by Stanford Downey in 1979, 37 King East and 22 Leader Lane’s revitalization into the Omni King Edward Hotel and Private Residences was completed in 2013.

    ERA Architects were specially chosen for this project for their expertise in renovations of heritage buildings. They carefully transformed the hotel’s third, fourth and fifth floors into condominiums. In doing so, they modernized these spaces with state-of-the-art hardware and materials, while still preserving the King Edward’s ornate beauty and classical charm.

    Finally, since much of 37 King East and 22 Leader remains the Omni King Edward Hotel, it’s no hyperbole when we say residents enjoy luxury, hotel-quality amenities like 24-hour concierge and valet services, a fitness centre, a spa, and on site housekeeping services. They even have access to the Omni King Edward’s Royal Club Lounge.

    The Suites

    Attracting a variety of residents, there are 143 Toronto condos in total, consisting of a variety of floor plans. They range from studios to one and two bedroom units, with the option of a den as well. While they range in size from approximately 350 to 1,800 square feet, all Toronto condos for sale in this building feel grand, and not just for their cultural significance nor their smart floor plans – but also thanks to their views of the 37 King East and 22 Leader’s beautiful courtyard and gardens.

    Appointed by the Design Agency, an award-winning Canadian firm, all of the King Edward Private Residences’ suites are luxurious, featuring brilliant classic design elements as well as state-of-the-art appliances. The richness of the site’s historic architecture resounds throughout. The aesthetic of these homes is elegant and understated, attentive to the details which made this such a sought-after hotel.

    As expected of a luxury hotel, the suites’ bathrooms are lavish. There are expansive showers and soaker tubs, as per plan, which treat residents like royalty.

    The Neighbourhood

    The King Edward Private Residences are condos with an enviable location in the St. Lawrence Market neighbourhood. Removed enough from the crowds, residents feel like they’re in an exclusive area, just off serene Victoria Street. But really they’re right in the middle of the city’s most sophisticated restaurants and attractions.

    Many great actors and entertainers have chosen to stay at 37 King East and 22 Leader since they’re so close to their performance venues. The Sony Centre for Performing Arts, the Elgin and Winter Garden Theatre Centre and Massey Hall are all a short walk away.

    Additionally, the King Edward Private Residences are around the corner from the St. Lawrence Market at Front Street and Jarvis. There, residents can get their groceries from their pick of vendors. Afterwards, picking up a bottle of wine to match their meal is as easy as popping by the LCBO next door. These condos don’t just offer a luxury: it’s also easy to live here, being so close to everything residents need or want.

    Transportation

    The building is a block from the closest subway station at King and Yonge. Offering subway service on the Yonge-University-Spadina line, residents can use this hub to travel throughout the city with ease.

    Alternatively, the 504 King Streetcar stops right in front of the building at Victoria Street. It takes riders east and west through to the city, to neighbourhoods like Distillery District, the Entertainment District and Liberty Village.

    Those who prefer to drive may find that traffic in the area can sometimes be busy — that’s what happens when one lives in one of city’s most well-established areas. Though, they can easily get their trips on the fast-track since the highway is not far off: drivers need only head a few minutes south on Yonge to access the Gardiner Expressway.

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    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

    King Edward Private Residences vs The St. Lawrence Area

    Days on Strata

    Units at King Edward Private Residences spend an average of
    40
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    37th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    20
    Units were Rented over the past twelve months

    Best Value Rank

    King Edward Private Residences offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    King Edward Private Residences has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    King Edward Private Residences yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    King Edward Private Residences is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 22 Leader Lane

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$479,000$460,000 - $635,000$592,500 - $680,000No Data
    Avg. Cost Per Sqft$1,030$1,054$960No Data
    Avg. Wait for Unit Availability315 Days38 Days134 Days177 Days
    Ratio of Units in Building6%68%17%11%

    Unit Sales vs Inventory

    Total number of units listed and sold in St. Lawrence