Listed: Chance to Live the Suite Life in Downtown Hotel for Under $620K
If The Suite Life of Zack and Cody always struck a chord, this newly-listed residential hotel suite might have hit the market just for you.
Now available in the Omni King Edward Hotel’s residences, 525 – 22 Leader Lane is asking $619,900 for a one-bedroom, one-bathroom space that spans between 500 and 500 square feet. Tiny but mighty, the place is quaint and looks ideal for someone who frequents the Financial District or the St. Lawrence Market neighbourhoods.
The ideal inhabitant for this haven might also be a history buff, as the condo’s listing boasts the property is more than 100 years old, meaning to own the apartment would also be to own a piece of Toronto’s past, present, and — for the buyer — future. The hotel itself was the city’s first in the luxury-realm and was built in 1903.
Interior-wise, the condo is cozy and inviting. A kitchen welcomes you in, which morphs into a sun-soaked living room space, allowing the opportunity to entertain guests while cooking a meal. French doors lead you out to the charming balcony, which is already decked out with a matching patio set; the furniture, the listing says, can be included in the place if you so choose.
The balcony spans from the doorway entry over to a large window, which looks into the apartment’s one-bedroom, ensuring that space also receives ample light. Consider the bathroom that’s fitted with a bathtub, and you’ll sense the comforting condo calls for a busy downtown-dweller to wind down after a busy day stomping the pavement.
- Bedrooms: 1
- Bathrooms: 1
- Size: 500 – 599 square feet
- Type: Condo apartment
- Taxes: $1,775 per year
- Maintenance fees: $545 per month
- Price: $619,900
Also of note, beyond the apartment itself, are the unique options available to those who live in a hotel such as this one. The Victoria Cafe and Consort Bar downstairs mean that chic spots for coffee or cocktails are always only steps away, while Bluestone Lane offers Australian-inspired eats at street-level. A hair salon and fitness centre are also on-site, while Canada’s first Mokara Spa is poised to open in the building late this year.
According to the listing, the approximate value of a one-bedroom apartment in the area is $613,701, making this property a smidge pricier than the norm. But if shelling out a few (thousand) extra dollars means you get to live out your Disney Channel dreams… it may well be worth it.