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    426 Queen Street E

    The Knitting Mill Lofts
    1for Sale
    0for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    4
    Number of Units:
    28
    Condo Completion:
    1997
    Condo Demand:
    High
    Unit Size Range:
    567 - 1,559 SQFT
    Unit Availability:
    Low

    Listing History for The Knitting Mill Lofts

    Receive listing updates for Regent Park

    Amenities

    Concierge
    Security System
    Bike Storage

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 426 Queen Street EThe Knitting Mill Lofts

    The Knitting Mill Lofts offers loft seekers everything they could possibly dream of — except for availability, that is. If we were to name the biggest flaw at 426 Queen Street East, it would be that with only 28 units in the entire building, Toronto condos for sale here are exclusive as ever.

    This low-rise building is understated, thanks to its grey concrete finish. A distinguishable circular window sits atop the arched main doorway, adding a hint of flare. Once inside, a single freight elevator is available to carry residents to and from their homes, although with only four sets of stairs to climb, impatient types will prefer to just walk.

    While the Knitting Mill Lofts are located amongst many other loft conversions in the Regent Park neighbourhood, this building is no copycat. The building at 426 Queen East was one of the earliest industrial structures in the city to be converted into residential lofts.

    The original building itself is also one of the oldest in the city, and has rightly been given a heritage designation. After almost 100 years, however, 426 Queen East was ready for a facelift and Paul De Haas was ready to provide it. As a result, the former fabric factory has been known as the Knitting Mill Lofts as of 1998.

    The Suites

    The individual units at the Knitting Mill Lofts range considerably in size and shape, as well as in style. Thanks to the small number of units, each was able to receive individual attention during the renovation process. One penthouse unit, for example, was re-renovated just after being purchased, resulting in a truly open concept home with multiple skylights for the utmost natural sunlight.

    Square footage at 426 Queen East starts at around 550 and reached to approximately 1,400. The largest of units in the building contain two bedrooms, while generously sized windows make even the more humbly sized lofts feel bright and spacious. Plus, open concept floorplans grace many of the units at 426 Queen East, meaning these rays reach every corner from kitchens to living rooms and even home offices.

    In terms of those design elements sought after by anyone interested in an authentic loft, these features are aplenty at the Knitting Mill Lofts. Exposed ductwork and slatted wooden ceilings are found overhead, while red brick envelops the units as well.

    The Neighbourhood

    Although the building doesn’t offer much in the way of common amenities, residents can find everything they need within walking distance of their homes. Parks surround 426 Queen East, including the recently redeveloped Corktown Common, Regent Park with its aquatic centre and greenhouses, and even Riverdale Park just beyond that.

    The FreshCo at Dundas and Parliament is a great place to grab groceries, and can be reached in less than 10 minutes on foot. Alternatively, a 20-minute walk or a 10-minute streetcar ride will land residents of the Knitting Mill Lofts at St. Lawrence Market, where cravings for everything from peameal bacon sandwiches to fresh Montreal bagels can be satisfied. This market was even named one of the world’s best food markets by National Geographic.

    A quick streetcar ride along Queen in either direction will land residents in two distinctive — but equally exciting — neighbourhoods. Leslieville, just to the east, is laid back and community oriented, with loads of independent businesses run by the neighbours themselves. Queen West, on the other hand, is slightly grittier and equally livelier. Here, concert venues and cocktail bars share the land with both global brands and local boutiques

    Transportation

    Traveling around the city is simple for residents of the loft. While those with cars have a slight advantage when embarking on longer journeys, those without can explore the city without having to worry about battling it out for a parking spot.

    With its location nearby the intersection of Queen and King Streets East, travelers taking the TTC can use either of these routes to access the financial district, the Yonge subway line, or anywhere else in the downtown core. Alternatively, anyone looking to connect with the Bloor-Danforth line can hop on the 65 Parliament Street bus.

    Drivers will make great use of King, Queen, and Parliament Streets on the regular, as well as the faster-paced highways that lie nearby. The Gardiner Expressway and the Don Valley Parkway are both just a short drive away from the Knitting Mill Lofts, from which residents can connect to the suburbs, as well as Pearson International Airport.

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    Explore Neighbourhood

    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!

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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
    15,518
    Average Individual Income
    $59,703
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $107,043
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    24%
    35 - 49
    20%
    50 - 64
    20%
    65+
    18%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    25%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    35%
    Detached
    35%
    Semi Detached
    20%
    Duplex
    6%
    Low Rise Apartment
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    14%
    Cantonese
    11%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Urdu
    1%
    Education
    University and Above
    36%
    High School
    26%
    College
    15%
    None
    15%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Math & Computer Sciences
    10%
    Social Sciences
    10%
    Physical Sciences
    4%
    Humanities
    3%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    The Knitting Mill Lofts vs The Regent Park Area

    Days on Strata

    Units at The Knitting Mill Lofts spend an average of
    5
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Regent Park

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    3%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 23 condos in the Regent Park area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    The Knitting Mill Lofts offers the
    ?
    best value out of 23 condos in the Regent Park neighbourhood

    Appreciation Rank

    The Knitting Mill Lofts has the
    ?
    highest ROI out of 23 condos in the Regent Park neighbourhood

    Rental Yield

    The Knitting Mill Lofts yields the
    ?
    highest rent prices out of 23 condos in the Regent Park neighbourhood

    High Demand

    The Knitting Mill Lofts is the
    ?
    most popular building out of 23 condos in the Regent Park neighbourhood

    Transaction Insights at 426 Queen Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$549,000No DataNo DataNo Data
    Avg. Cost Per Sqft$784No DataNo DataNo Data
    Avg. Wait for Unit Availability466 Days282 Days1575 DaysNo Data
    Ratio of Units in Building58%33%8%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Regent Park