Condo of the Week: $350,000 for a pied-à-terre in the King Edward Hotel
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.
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:
• $253.80 in monthly maintenance fees
• 470 square feet
• 110 square foot balcony
• 1 bedroom
• 1 bathroom
• 1 storage locker