The Metropole (7 King Street East) is located at a prime intersection in downtown Toronto, on the southeast corner of King and Yonge. The TTC is right at your door (streetcar and subway) as is access to the PATH system. The financial district is only a block or two away, the Eaton Centre and Yonge Dundas Square are just up the street and the Esplanade and St. Lawrence Market are a short walk away.
Originally the National Trust Building, the Metropole was converted to a condominium building in 1995, with occupancy taking place shortly thereafter. There are a mix of bachelor/studio, one bedroom, two bedroom and even townhouses (off of Victoria Street) available. Given it is a conversion rather than a full on new build, the Metropole has some unique floor plans as well as unusually high ceilings in certain units. Units range in size from under 400 sf to over 1300.
The building has the full range of amenities, including a good sized pool (not just a lap pool or current pool), sauna and whirlpool, exercise room, party room, roof-top garden and the always important 24 hour security. For those of you with pets, the Metropole does permit pets, but limits the weight to 25 pounds and one cat or dog per unit.
From my perspective, established buildings such as the Metropole are much more likely to remain a stable investment over the years. After 18 years operating as a condo corp, the Metropole is a stable, smooth running operation. While maintenance fees in buildings always rise over time, an established building does not have the same jumps and leaps that new construction buildings have in their first few years.
With an exceptional location, a long history and a mix of units, the Metropole is one of my recommended buildings in the downtown core. If you are interested in selling a unit, then I can find you buyers who appreciate what you have. If you are interested in buying, I will use my knowledge to make sure we get you the best price and the best unit.
Feel free to call me at 416-728-9924 with any questions or email me at jeff at jeffreyluciano dot com.