Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Moss Park
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318 King St E, Toronto
Built
2013
Storeys
15
Suites
215
Developer
Lamb Development
Corporation
TSCC-2300
Walk Score
99
Free · about 45 seconds · no obligation
What is your unit at The King East worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 65ParliamentTTC busSteps away
- 503King St East at Parliament St503 Kingston Rd / 504 King / 508 Lake Shore streetcarSteps away
- 121Esplanade-RiverTTC busSteps away
- 202Cherry BeachTTC bus0.3 km
- 1King stationLine 1 Yonge–University1.2 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.6 km
- UPUnion stationUP Express · Pearson to Union1.6 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Market Lane Junior and Senior Public School
246 The Esplanade, Toronto
0.3 km · ~5 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
1.9 km
Zoned for this address
Catholic elementary
St Paul Catholic Elementary School
0.4 km · ~6 min walk
Nearest, confirm zoning
Catholic elementary
St Michael Catholic Elementary School - Bldg 1
0.7 km · ~11 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.4 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
0.8 km · ~13 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at The King East actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 0 | too few | 4 | $1,800/mo |
| 1 bed | 4 | $616,500 | 14 | $2,375/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at The King East
Do mostly owners or renters live here?
Renter-heavy building. Of 65 deals here in the last 24 months, 50 were leases and 15 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at The King East?
Some owners here hold City registrations, but the condo’s own declaration and rules can still forbid short stays. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about The King East
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at The King East lists or sells.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Restaurant
Bar 404
Steps away
Restaurant
The Fare Food Co
Steps away
Ramen
Kinton Ramen
0.2 km · ~3 min walk
Burgers
The Burger's Priest
0.2 km · ~3 min walk
Coffee
Starbucks
0.2 km · ~3 min walk
Restaurant
Banknote Bar
0.2 km · ~3 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Little Trinity Church Lands
- 40 Power St Park
- Parliament Square Park
Nearest grocery
No Frills
0.3 km · ~5 min walk
Prices: TRREB MLS® System aggregate medians for 318 King St E, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
The King East is where the King Street East strip meets Corktown and the Distillery District, and it carries the highest price per square foot of the loft-style buildings on this stretch. Lamb Development and Core Architects completed it in 2013 on what had been a parking lot at King and Parliament. Its fee covers heat, air conditioning and parking, which is part of why that premium holds up. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
The King East is a 15-storey, 215-suite condominium at 318 King Street East, at the northwest corner of King and Parliament in downtown east Toronto (Moss Park and Corktown border). It was developed by Lamb Development Corp with Hyde Park Homes and The Sher Corporation, designed by Core Architects, and registered as TSCC-2300 on 26 March 2013. Icon Property Management is listed as the manager. Maintenance fees include common elements, building insurance, water, heat, air conditioning and parking.
The King East at a glance
A Lamb building at the Corktown corner
Brad Lamb’s company built its reputation on design-led condos aimed at young downtown buyers, and The King East was one of its projects on this part of King Street. It was a joint venture with Hyde Park Homes and The Sher Corporation, with Core Architects responsible for the design.
The site at the northwest corner of King and Parliament was a surface parking lot before construction. Excavation began in 2010, the crane went up in 2011, and the building topped out and registered in 2013, a little later than first planned. During marketing it was often referred to by a King Street East address in the 300 block, so you may see it listed under slightly different numbers.
From the renderings, the building’s long side appears to run east-west along King, so many suites face north or south. Check the exposure of any suite you consider, because it shapes light, heat and view more than the floor number does.
From micro-suites to large penthouses
Suite sizes run from about 310 square feet to roughly 2,495 square feet. That is a very wide range for a 215-suite building. At the bottom end you have studio-sized units that appeal to investors and single professionals; at the top, a handful of large suites for owners who want space without leaving downtown.
The small units deserve a careful look. Under 400 square feet, layout is everything: where the bed goes, whether the kitchen is a wall or a galley, and whether there is any real storage. Walk a few before you decide one works for you.
If you are looking at the larger suites, pay attention to view protection. New towers are planned and under construction around King and Parliament, and an open view today may not last.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Why the fee looks high and often is not
Based on current listings, fees here run higher per square foot than at some neighbours, especially in the smallest suites, where the fixed costs of a building are spread over very little floor area.
Look at what that fee buys. It includes common elements, building insurance, water, heat, air conditioning and parking. At East Lofts and Abbey Lane nearby, heating and cooling are on the owner’s own account. Before you rule The King East out on its fee, add the utility bills back to the alternative.
Hydro is separate. Both Beanfield and FibreStream internet are available, which gives you a choice of providers.
Owning a small suite here as an investment
A building with suites starting near 310 square feet will always attract investors, and The King East is no exception. That is not a bad thing in itself; it keeps resale demand steady. But it does mean you are competing with many similar units every time you lease or sell.
If you are buying to rent, model it with the fee included and a realistic vacancy allowance, not the best-case rent. The heat and cooling in the fee are a selling point to tenants, and so is parking if your suite has a space. A micro-suite without parking is a much narrower product.
If you are buying to live in, look at how many neighbouring suites on your floor are leased. The automatic panel on this page shows the owner and renter mix for the building, and a high rental share is worth weighing against the convenience of a concierge building at this corner.
King and Parliament, now and in a few years
The Distillery District is a short walk southeast, St. Lawrence Market is to the west, and Corktown Common and the West Don Lands are within reach to the east. The large 333 King Street East redevelopment nearby has brought more daytime activity to the corner.
The bigger change is transit. The Ontario Line is under construction, with a station planned near King and Parliament. For now that means hoarding, noise and detours, and in the longer term it should make this corner much better connected. The panel on this page has the current transit and walkability figures.
Pricing at The King East
The building average is about $837 per square foot, the highest of the loft-style buildings I track on this stretch of King East. Mozo averages about $806, Abbey Lane about $783 and East Lofts about $744.
Some of that premium is age: at 2013, The King East is the newest of the group. Some is the corner, closer to the Distillery and the planned Ontario Line station. And some is the fee structure, which bundles heat, cooling and parking. Whether that premium holds will depend partly on how quickly the area’s transit and new development arrive.
When I reviewed the building, two suites were for sale, asking between about $430,000 and $739,000, with monthly fees between roughly $370 and $720. Those are asking prices, not sold prices. Ask me for a building sold report to see what has actually traded.
Building specifications
| Building name | The King East |
| Address | 318 King St E, Toronto M5A 0C1 |
| Developer | Lamb Development Corp, with Hyde Park Homes and The Sher Corporation |
| Architect | Core Architects |
| Storeys | 15 |
| Total suites | 215 |
| Condo corporation | TSCC-2300 |
| Registered | 26 March 2013 |
| Property management | Icon Property Management |
| Suite sizes | Approximately 310 to 2,495 sq ft |
| Fees include | Common elements, building insurance, water, heat, air conditioning and parking |
| Not included | Hydro |
| Internet | Beanfield Fibre and FibreStream available |
Amenities at The King East
The package is practical rather than showy: a concierge, guest suites for visiting family, a party room and a meeting room. Guest suites in particular are useful when you live in a small unit.
Jatin’s honest take on The King East
Who this building suits
The King East suits young professionals and investors who want a newer building on the Corktown side of King East, and buyers who like the idea of the Ontario Line arriving nearby. The large suites suit owners who want space downtown with a concierge and predictable costs. Families visiting from out of town are easy to host thanks to the guest suites, which is a small detail that owners in compact units tend to appreciate.
What I’d want you to check
Look at the reserve fund study and the most recent budget; at about 13 years old, the building is past its warranty period and into its first cycle of major maintenance planning. Check how much of the building is rented out, since small suites attract investors. Confirm that the suite you want has parking and a locker, and ask about construction around the corner and how it may affect your view and noise.
The value question
At around $837 per square foot with heat, cooling and parking included, The King East is priced at a premium to its loft neighbours, and I think most of it is justified by age, fee inclusions and location. The micro-suites are the part I would be careful with, since their value depends heavily on the rental market. The mid-size and larger suites are the better long-term holds.
Free building report: The King East
Send me your email and I’ll put together a current report on The King East — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
The King East — frequently asked questions
Who developed The King East?
Lamb Development Corp developed The King East in partnership with Hyde Park Homes and The Sher Corporation.
Who was the architect?
The building was designed by Core Architects.
How big is The King East?
It is 15 storeys with 215 suites, ranging from about 310 to roughly 2,495 square feet.
When was The King East completed?
Construction began in 2010 and the condominium corporation, TSCC-2300, was registered on 26 March 2013.
What do maintenance fees include?
Fees include common elements, building insurance, water, heat, air conditioning and parking. Hydro is paid separately.
Does The King East have guest suites?
Yes. Guest suites are listed among the amenities, along with a concierge, party room and meeting room.
What internet options are available?
Both Beanfield fibre and FibreStream internet are available in the building.
Who manages The King East?
Icon Property Management is listed as the property manager.
Why do I see different addresses for this building?
The registered address is 318 King Street East, but the project was also marketed under a nearby King Street East address, so listings and older articles may differ.
How does The King East compare with Mozo?
Both include heat, air conditioning and parking in the fee. The King East is newer (2013 against 2004), sits closer to the Distillery District and carries a higher price per square foot.
How much do condos at The King East sell for?
Over the last 12 months the median resale at The King East was $616,500, across 4 sales. The typical unit sold in 13 days at about 95% of the asking price. That works out to roughly $822 per square foot.
How much is rent at The King East?
The median lease at The King East over the last 12 months was $2,350/mo, from 19 leases. Units typically leased in 12 days.
What does each unit type cost at The King East?
Over the last 24 months: Studios rented for $1,800/mo; One-bedrooms sold for a median $616,500 and rented for $2,375/mo. Each median uses three or more deals.
Are prices at The King East up or down since 2022?
Down about 24%. The median sold price per square foot was $1,086 in 2022 and $822 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does The King East offer an investor?
At a median price of $616,500 and a median rent of $2,350 a month, the gross yield is about 4.6%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at The King East?
Mostly renters. Of the deals here in the last 24 months, 77% were leases and 23% were sales.
Can you Airbnb a unit at The King East?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows 1 active short-term rental registration at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has The King East had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is The King East zoned for?
For TDSB public schools, the address is zoned for Market Lane Junior and Senior Public School (Elementary, JK–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to The King East?
The nearest subway is King station (Line 1 Yonge–University), 1.2 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.6 km; UP Express runs from Union station, 1.6 km; the 503 Kingston Rd / 504 King / 508 Lake Shore streetcar stops 0.0 km away; the closest bus is the Parliament (TTC bus). Distances are straight-line from the building.
What is the Walk Score of The King East?
Walk Score 99, Transit Score 96 and Bike Score 99. Most daily errands can be done on foot.
What restaurants and shops are near The King East?
Within about a 10-minute walk: Bar 404 (Restaurant), The Fare Food Co (Restaurant), Kinton Ramen (Ramen), The Burger's Priest (Burgers), Starbucks (Coffee). The closest grocery store is No Frills, 0.3 km away.
Which parks are near The King East?
Little Trinity Church Lands, 40 Power St Park, Parliament Square Park are the closest green spaces.
What is my unit at The King East worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at The King East lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Church–Wellesley, Corktown, Moss Park and Cabbagetown more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Church–Wellesley, Corktown, Moss Park and Cabbagetown. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at The King East, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Church–Wellesley, Corktown, Moss Park and Cabbagetown building guides: 108 Sackville Street Townhouses · 159SW Condominiums · 17 Pembroke St Townhouses · 22 Condominiums · 253 Wellesley · 28 Eastern
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.