Salehian.com 647-325-5000

261 King Street E 402

Moss Park, Toronto, M5A 4T6 · More in this building

$899,000

Reduced $50,000 from $949,000

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  • 1+1 bedrooms
  • 2 bathrooms
  • 1 parking
  • 1000-1199 sq ft

Listed 33 days ago · MLS® C13792080

About this home

Our Queen Was In The New York Times ! 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 & always makes a space feel larger. Lofty Goals Met: Real wood floors, modern quartz counters, exposed ducts, concrete walls & outdoor space.

Details

Type
Condo Apartment
Style
Loft
Size
1000-1199 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$4,665 (2026)
Maintenance fee
$1,359/month
Neighbourhood
Moss Park
Municipality
Toronto C08
Price per sq ft
$818 (6% below condo apartments in Moss Park, $868)
Fee per sq ft
$1.24/month (Toronto median $0.93)

Interior

Bedrooms
1 above ground + 1 below
Bathrooms
1 × 2-piece (main), 1 × 5-piece (second)
Rooms
5 above ground
Family room or den
No
Fireplace
No
Laundry
Ensuite

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
Loft
Exterior
Brick

Parking

Garage spaces
1
Total parking
1
Driveway and parking
Underground

Condo

Monthly fee
$1,359
Fee includes
Common Elements Included, Parking Included, Building Insurance Included, Water Included
Amenities
BBQs Allowed, Elevator, Visitor Parking
Locker
Ensuite
Balcony
Terrace
Exposure
North
View
City
Pets
Yes-with Restrictions
Property manager
ICON

More

Possession
30/60/90
Nearby
Hospital, Park, Place Of Worship, Public Transit, Terraced
Cross street
King And Sherbourne

Rooms

RoomLevelSizeFeatures
FoyerMain2.25 × 2.04 m (7'5" × 6'8")2 Pc Bath, Closet, Hardwood Floor
BathroomMain2.04 × 1.82 m (6'8" × 6')2 Pc Bath, Hardwood Floor
KitchenMain2.86 × 2.46 m (9'5" × 8'1")Hardwood Floor, Stainless Steel Appl, Granite Counters
Living RoomMain4.64 × 3.93 m (15'3" × 12'11")Hardwood Floor, Window Floor to Ceiling, Combined w/Dining
OtherMain4.64 × 1.92 m (15'3" × 6'4")North View, Concrete Floor, Balcony
Primary BedroomSecond4.66 × 4.87 m (15'3" × 16')Hardwood Floor, Window Floor to Ceiling, Double Closet
DenSecond2.68 × 3.62 m (8'10" × 11'11")Hardwood Floor, Walk-In Closet(s)
BathroomSecond4.48 × 1.92 m (14'8" × 6'4")Tile Floor, 5 Pc Bath, Combined w/Laundry
OtherSecond1.92 × 1.25 m (6'4" × 4'1")Walk-In Closet(s), Hardwood Floor, Closet Organizers

Price history

DatePriceChange
Oct 9, 2026$949,000Listed
Oct 19, 2026$899,000−$50,000

History of this address

7 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 King Subway13 min walk
  • 🚇 Queen Subway15 min walk
  • 🚆 Toronto Union Station GO1.2 km

Within a 10-minute walk: 13 grocery stores, 198 cafés and restaurants, 25 parks, 16 pharmacies. Nearest grocery: Rabba (100 m). Nearest park: Time and Space Courtyard (200 m).

Schools nearby

Elementary

  • Market Lane Junior and Senior Public School
    EQAO: Gr 6 reading 94%, math 50%    4 min walk
  • St. Michael Catholic School Catholic
    EQAO: Gr 6 reading 83%, math 36%    6 min walk
  • Downtown Alternative School7 min walk
  • St. Paul Catholic School Catholic
    EQAO: Gr 6 reading 87%, math 50%    11 min walk

Secondary

  • Inglenook Community School
    EQAO: literacy test 50%    12 min walk
  • Collège français French1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5A

Owners / renters
35% / 65%
Median household income
$71,000
Average age
40
Children under 15
9%
Homes
0% detached, 78% high-rise
Commute by transit
28%
Population
48,978

Languages spoken most at home besides English: Bengali 1.8%, Mandarin 1.7%, Yue (Cantonese) 1.5%, Spanish 1.3%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Moss Park (2025): 119% above the Toronto average, about the same from the year before.

  • Assault190% above average
  • Break and enter85% above average
  • Auto theft64% below average
  • Robbery112% above average
  • Theft from vehicles30% above average
  • Shootings58% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 25 active

  • 231 RICHMOND ST E · 300 m
    Plan of Condominium · Draft Plan Approved · applied 2026
    Draft Plan of Condominium for 39-storey mixed-use development with four levels of underground parking, and containing 516 residential dwelling units.
    Application details
  • 281 FRONT ST E · 450 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Application to permit two residential towers (54 and 50 storeys) with 1,065 dwelling units and 643 square metres of retail space on the ground floor.
    Application details
  • 298 KING ST E · 250 m
    Site Plan · OMB Appeal · applied 2023
    Site Plan Application for a 42-storey (139.90 metres including mechanical penthouse) mixed-use building with 1,188 square metres of commercial uses at grade…
    Application details
  • 529 RICHMOND ST E · 450 m
    Site Plan · OMB Appeal · applied 2023
    Site Plan Application for a 46 storey (156.3 metres including mechanical penthouse) mixed-use building with 419 dwelling units and 328 square metres of…
    Application details
  • 69 ONTARIO ST · 300 m
    Site Plan · OMB Appeal · applied 2023
    Site Plan Application for a 43-storey mixed-use building that includes 278 square metres of retail space on the ground floor and 380 dwelling units above.
    Application details
  • 102 BERKELEY ST · 300 m
    Site Plan · Under Review · applied 2023
    Proposed 35-storey (119.45 metres including the mechanical penthouse) mixed-use building containing 120 square metres of ground level retail uses and 257…
    Application details

32 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Distillery District 350 m
  • 🚧 Moss Park 450 m
  • 🚧 Queen 950 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2022). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

No building permits at this address since 2014.

8 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

61 City street trees within 100 m, mostly honeys. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by SAGE REAL ESTATE LIMITED.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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