MLS® listing
7 King Street E 602: condo apartment for sale
$375,000
From the listing brokerage
Imagine leaving your condo in the morning and walking to work in the Financial District. Meeting your friends for dinner in the Distillery District or St. Lawrence Market Grabbing coffee around the corner, catching a Leafs or Blue Jays game, or spending the evening at the theatre, all without needing your car. With King Subway Station and the PATH steps away, the very best of downtown Toronto is right outside your door at The Metropole! This bright and functional studio suite in this highly desired building features expansive 9.5-foot ceilings, oversized windows, fresh flooring, an open-concept layout, a kitchen with breakfast bar, ensuite laundry, and a private storage locker on the third floor. Even better, the low condo fees include heat, hydro and central air conditioning, a rare value in today's market. Perfect if you're a first-time buyer, a parent purchasing a home for your son or daughter attending U of T, TMU or George Brown, an investor, or anyone looking for the ideal downtown pied-à-terre. You will love the exceptional amenities including 24-hour concierge service, an indoor pool, fitness centre, steam room, party room, billiards lounge, and two rooftop terraces with BBQs and epic panoramic city views. Affordable. Convenient. Connected. Whether you're buying your first home, securing a place for your student, or looking for a smart investment in one of Toronto's most walkable neighbourhoods, Suite 602 is a fantastic opportunity to enjoy everything downtown living has to offer.
Facts on the listing
| Square feet | 0-499 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Fan Coil |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $364 |
| Property tax | $2,186 |
| Tax year | 2026 |
| Locker | Exclusive |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | Heat Included, Hydro Included, Water Included, Common Elements Included, CAC Included, Building Insurance Included |
| Building amenities | Indoor Pool, Gym, Sauna, Party Room/Meeting Room, Rooftop Deck/Garden, BBQs Allowed |
| Balcony | None |
| Laundry | In-Suite Laundry |
| Interior features | Carpet Free |
| Features | Hospital, Public Transit |
| Floor | 6 |
Listing courtesy of REAL ESTATE HOMEWARD. MLS® C13573744.
About this condo apartment
7 King Street E 602 is a condo apartment in TRREB's Church-Yonge Corridor community in Toronto, listed for sale at $375,000. The listing shows 1 bathroom and 0-499 square feet. The style is given as apartment. The unit faces east. It comes with an underground garage and a locker (exclusive) according to the listing. The nearest main intersection given is Yonge and King.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: indoor pool, gym, sauna, party room/meeting room, rooftop deck/garden and bbqs allowed.
What it costs to buy 7 King Street E 602
At the asking price of $375,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $375,000 |
|---|---|
| Ontario land transfer tax | $4,100 |
| Toronto municipal land transfer tax | $4,100 |
| Both taxes | $8,200 |
| First-time buyer relief, if you qualify | up to $8,100 |
| Minimum down payment | $18,750 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $364 a month |
|---|---|
| Property tax (2026) | $2,186 a year, about $182 a month |
| Fee and tax together | about $546 a month |
The listing says the maintenance fee includes heat, hydro, water, common elements, cac and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $375,000, which is $175,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 7 King Street E 602
How much is land transfer tax on 7 King Street E 602?
At the asking price of $375,000 the Ontario tax is $4,100 and the Toronto tax is $4,100, $8,200 in total. A first-time buyer who qualifies can get up to $8,100 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 7 King Street E 602?
$18,750 at the asking price of $375,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 7 King Street E 602?
The listing shows $364 a month, including heat, hydro, water, common elements, cac and building insurance. Check the current fee in the status certificate.
How much is the property tax on 7 King Street E 602?
The listing shows $2,186 a year for 2026, about $182 a month.
Is 7 King Street E 602 priced above or below the median?
It is listed at $375,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $175,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 7 King Street E 602?
Use the form on this page or call us. Quote MLS® C13573744. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 7 King Street E 602 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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