This two-level loft near King and Sherbourne is on the market for $785,000. It's a one plus den, two bathroom suite at 261 King Street East, located in the Abbey Lane Lofts. The six-storey building was constructed in 2001 by Harhay Developments, known for scads of other boutique projects in the city, and features 28 units with minimal amenities for a lower maintenance fee.

This trendy concrete suite brings more industrial charm to the east end. The multi-level unit feels spacious with double height ceilings and an open second floor for an office and bedroom. The kitchen is cozy ("small") but maximizes space with the living and dining area pooled as one.

There are a variety of layouts in the building and units priced competitively get scooped up quickly. This previous for sale was on the market for eight days and sold over asking for $579,150 while this larger unit sold for $795,000 after 18 days.

It's no wonder these units are going quickly in a neighbourhood close to the historic St. Lawrence Market and the Distillery District. Come this summer, the area will be hit by excess traffic and tourists during the Pan Am pandemonium. Leave the car in that underground spot and take transit located right outside the building.

Think this unit is the king on King East? Take a peek at the photos and have your say in the comments below.

SPECS

• Address: #406 - 261 King Street East
• Price: $785,000
• Square feet: 1,300
• Bedrooms: 1+1
• Bathrooms: 2
• Parking: 1
• Taxes: $4,475.42
• Maintenance fee: $649.05/monthly
• Walk Score: 99

NOTABLE FEATURES

• Two-level loft
• Cathedral ceiling
• Fireplace
• South-facing terrace with BBQ
• Underground parking
• Storage locker

GOOD FOR

A single or young couple. Already a spacious unit at just over 1,300 square feet, two floors and a terrace makes this unit feel bigger than it is. The large second floor bedroom is open, not great for noise, but ample space for a single or two cozy lovebirds.

MOVE ON IF

Industrial chic is not your thing. Although not your typical warehouse or church loft conversion, the suite still features the traditional concrete walls, exposed ducts and double height ceilings. A concrete interior can make the space feel cold but thankfully the south-facing unit invites warmth from natural light as well as a main floor fireplace.

ADDITIONAL PHOTOS

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