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Condo of the Week: $350,000 for a pied-à-terre in the King Edward Hotel

Condo of the Week: 37 King Street East

Address: 37 King Street East, Unit 411
Neighbourhood: St. Lawrence
Agent:Lindsay LeDrew Bertram and Graham Connaughton, Sotheby’s International Realty Canada, Brokerage
Price: $349,900

The Place: A 470-square-foot suite on one of three floors that the King Edward Hotel recently converted from office space into private residences.

Bragging Rights: Unlike the hybrid hotel-condo towers popping up all over the city, the King Eddy, which opened in 1903, has serious historical pomp.

Big Selling Point: The unit’s small size and central location are perfect for businesspeople who split their time between cities—or locals who want to live around the corner from the office, but aren’t keen on the massive towers that make up City Place.

Possible Deal Breaker: Residents have access to all the hotel’s amenities, but will have to pay an additional $100 per month for the gym after their first year of occupancy.

By the Numbers:
• $349,000
• $253.80 in monthly maintenance fees
• 470 square feet
• 110 square foot balcony
• 1 bedroom
• 1 bathroom
• 1 storage locker

 

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