MLS® listing
261 King Street E 402: condo apartment for sale
$949,000
From the listing brokerage
Lofty Goals? 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 and always makes a space feel larger. The Details: Real wood floors, modern quartz counters, exposed ducts, concrete walls and outdoor space ... Need we say more?
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Style | Loft |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $1,359 |
| Property tax | $4,665 |
| Tax year | 2026 |
| Locker | Ensuite |
| Pets | Yes-with Restrictions |
| Exposure | North |
| Fee includes | Common Elements Included, Parking Included, Building Insurance Included, Water Included |
| Building amenities | BBQs Allowed, Elevator, Visitor Parking |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | None |
| Features | Hospital, Park, Place Of Worship, Public Transit, Terraced |
| View | City |
| Floor | Level 4 |
Listing courtesy of SAGE REAL ESTATE LIMITED. MLS® C13792080.
About this condo apartment
261 King Street E 402 is a 2 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $949,000. The listing shows 2 bathrooms and 1000-1199 square feet. The style is given as loft. The unit faces north. It comes with 1 parking space, an underground garage and a locker (ensuite) according to the listing. The nearest main intersection given is King And Sherbourne.
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: bbqs allowed, elevator and visitor parking.
What it costs to buy 261 King Street E 402
At the asking price of $949,000, 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 | $949,000 |
|---|---|
| Ontario land transfer tax | $15,455 |
| Toronto municipal land transfer tax | $15,455 |
| Both taxes | $30,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $69,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. 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 | $1,359 a month |
|---|---|
| Property tax (2026) | $4,665 a year, about $389 a month |
| Fee and tax together | about $1,748 a month |
The listing says the maintenance fee includes common elements, parking, building insurance and water. 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 $949,000, which is $399,000 above 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 1 parking space and 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. 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 261 King Street E 402
How much is land transfer tax on 261 King Street E 402?
At the asking price of $949,000 the Ontario tax is $15,455 and the Toronto tax is $15,455, $30,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 261 King Street E 402?
$69,900 at the asking price of $949,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 261 King Street E 402?
The listing shows $1,359 a month, including common elements, parking, building insurance and water. Check the current fee in the status certificate.
How much is the property tax on 261 King Street E 402?
The listing shows $4,665 a year for 2026, about $389 a month.
Is 261 King Street E 402 priced above or below the median?
It is listed at $949,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $399,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 261 King Street E 402?
Use the form on this page or call us. Quote MLS® C13792080. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 261 King Street E 402 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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