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New4 hours ago

542 - 22 Leader Lane

Church-Yonge Corridor, Toronto

$549,999

Condo Apartment |
1 | 1 | 0 | 1
About this home

Quiet, private, and tucked at the end of the hall, this one-bedroom end unit resides in the King Edward Private Residences, the residential wing of Toronto's landmark hotel. Nearly 10-ft ceilings and hardwood flooring throughout. The kitchen pairs integrated appliances with refinished cabinetry, and the bathroom includes a soaker tub for slow mornings. The entire suite was freshly painted and fitted with custom window coverings, a brand-new washer/dryer, closet organizers, and an included storage locker. Under one historic roof: a spa with resident discounts, a restaurant, hair salon, flower shop, cafe/bakeshop, a 24/7 fitness centre (well above the usual condo gym), 24-hour concierge/security, and access to full hotel amenities including the Royal Club Lounge. The building is well-run with a healthy $2.2M reserve fund and a 45-year study period (vs. the standard 30). Outside, you're in the heart of the Financial District: steps from the St. Lawrence Market, King Street dining, and transit, with Union Station a short walk away. Polished and turnkey, in one of the city's most distinctive addresses.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$805
LockerOwned
BalconyNone
ExposureEast
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,177
mls© NumberC13784494
Listed ByROYAL LEPAGE SIGNATURE REALTY
Water Included
Common Elements Included
Building Insurance Included

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,815
Property tax
$265
Heat allowance
$150
Condo fees, half counted
$403
Housing costs
$3,632 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $110,000
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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