22 Leader Lane & 37 King Street E
Building Details
Listing History for King Edward Private Residences
Amenities
Maintenance Fees
About 22 Leader Lane — King Edward Private Residences
With a long history of hosting luminaries, beloved authors, and stars like the Beatles, Ernest Hemingway and Britney Spears, a portion of this landmark hotel has become the King Edward Private Residences, following a change of ownership to King Edward Realty and development by Dundee Kilmer. At 37 King Street East and 22 Leader Lane, these downtown Toronto condos are unique opportunities for prospective homeowners to live luxuriously in a culturally significant building.
Built in 1903 by George Gooderham, the building’s French Renaissance-style architecture was originally designed by Henry Ives Cobb and E.J. Lennox. After many different owners, which included a restoration project by Stanford Downey in 1979, 37 King East and 22 Leader Lane’s revitalization into the Omni King Edward Hotel and Private Residences was completed in 2013.
ERA Architects were specially chosen for this project for their expertise in renovations of heritage buildings. They carefully transformed the hotel’s third, fourth and fifth floors into condominiums. In doing so, they modernized these spaces with state-of-the-art hardware and materials, while still preserving the King Edward’s ornate beauty and classical charm.
Finally, since much of 37 King East and 22 Leader remains the Omni King Edward Hotel, it’s no hyperbole when we say residents enjoy luxury, hotel-quality amenities like 24-hour concierge and valet services, a fitness centre, a spa, and on site housekeeping services. They even have access to the Omni King Edward’s Royal Club Lounge.
The Suites
Attracting a variety of residents, there are 143 Toronto condos in total, consisting of a variety of floor plans. They range from studios to one and two bedroom units, with the option of a den as well. While they range in size from approximately 350 to 1,800 square feet, all Toronto condos for sale in this building feel grand, and not just for their cultural significance nor their smart floor plans – but also thanks to their views of the 37 King East and 22 Leader’s beautiful courtyard and gardens.
Appointed by the Design Agency, an award-winning Canadian firm, all of the King Edward Private Residences’ suites are luxurious, featuring brilliant classic design elements as well as state-of-the-art appliances. The richness of the site’s historic architecture resounds throughout. The aesthetic of these homes is elegant and understated, attentive to the details which made this such a sought-after hotel.
As expected of a luxury hotel, the suites’ bathrooms are lavish. There are expansive showers and soaker tubs, as per plan, which treat residents like royalty.
The Neighbourhood
The King Edward Private Residences are condos with an enviable location in the St. Lawrence Market neighbourhood. Removed enough from the crowds, residents feel like they’re in an exclusive area, just off serene Victoria Street. But really they’re right in the middle of the city’s most sophisticated restaurants and attractions.
Many great actors and entertainers have chosen to stay at 37 King East and 22 Leader since they’re so close to their performance venues. The Sony Centre for Performing Arts, the Elgin and Winter Garden Theatre Centre and Massey Hall are all a short walk away.
Additionally, the King Edward Private Residences are around the corner from the St. Lawrence Market at Front Street and Jarvis. There, residents can get their groceries from their pick of vendors. Afterwards, picking up a bottle of wine to match their meal is as easy as popping by the LCBO next door. These condos don’t just offer a luxury: it’s also easy to live here, being so close to everything residents need or want.
Transportation
The building is a block from the closest subway station at King and Yonge. Offering subway service on the Yonge-University-Spadina line, residents can use this hub to travel throughout the city with ease.
Alternatively, the 504 King Streetcar stops right in front of the building at Victoria Street. It takes riders east and west through to the city, to neighbourhoods like Distillery District, the Entertainment District and Liberty Village.
Those who prefer to drive may find that traffic in the area can sometimes be busy — that’s what happens when one lives in one of city’s most well-established areas. Though, they can easily get their trips on the fast-track since the highway is not far off: drivers need only head a few minutes south on Yonge to access the Gardiner Expressway.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
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Building Trends At King Edward Private Residences
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High Demand
Transaction Insights at 22 Leader Lane
Studio | 1 Bed | 1 Bed + Den | 2 Bed | |
---|---|---|---|---|
Price Range | $479,000 | $460,000 - $635,000 | $592,500 - $680,000 | No Data |
Avg. Cost Per Sqft | $1,030 | $1,092 | $960 | No Data |
Price Range | $2,050 - $2,100 | $2,200 - $3,300 | $2,500 - $3,000 | $3,250 |
Avg. Wait for Unit Availability | 315 Days | 37 Days | 134 Days | 177 Days |
Avg. Wait for Unit Availability | 261 Days | 22 Days | 136 Days | 106 Days |
Ratio of Units in Building | 6% | 68% | 17% | 11% |
Unit Sales vs Inventory
Total number of units listed and sold in St. Lawrence