$388,888

For sale

#1206 81 Wellesley Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#1206 81 Wellesley Street, Toronto (Church-Yonge Corridor), Ontario, M4Y0C5

0 beds1 bath0 parking250 ft²$337/mo condo feeListed 31 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $388,888, it is attractively priced about 35% below the $595,000 median asking price in Toronto. It has been on the market 31 days, fresher than the Toronto average of 63 days.

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Description

TWO YEAR NEW LUXURY CONDO AT WELLESLEY STATION! An exceptional opportunity in the heart of Downtown Toronto, just steps to Wellesley Subway Station and vibrant Yonge Street! This bright and beautifully designed open-concept suite offers a spacious, highly functional layout that can be easily converted into a one-bedroom, complemented by breathtaking unobstructed city views. Featuring soaring 9-ft smooth ceilings, floor-to-ceiling windows and an abundance of natural light throughout. The sleek modern kitchen showcases quartz countertops and high-end built-in appliances, while the luxurious fully tiled bathroom adds a sophisticated finishing touch. Step onto your private balcony, complete with a built-in gas line for BBQs-a rare downtown feature perfect for outdoor entertaining. Unbeatable location just minutes from U of T, TMU, Queen's Park, major hospitals, IKEA, Eaton Centre, restaurants, shopping and everyday essentials. Enjoy outstanding building amenities including a 24-hour concierge, fully equipped gym, party/meeting room, recreation room and rooftop terrace. Luxury, convenience, spectacular views and incredible downtown living-all in one exceptional suite! **Some photos have been virtually staged and digitally enhanced for illustration purposes only*** (id:66096)

Property Details

MLS®: C13859718
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $337/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,048.19/yr
Listed: 31 days ago

Rooms

Flat

Living room: 3.32 x 3.14 meters
Dining room: 5.49 x 3.08 meters
Bedroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Cooktop
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$1,559

List price

$389K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This single family in Toronto (Church-Yonge Corridor) has been listed for 31 days, which is 32 days fresher than the city average of 63. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · REBECCA LIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $388,888, about 6.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $75,963 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$388,888· $1,559/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,444.40

Min 5%50%

Mortgage payment$2,048/mo

↳ CMHC premium ($14,778 capitalized)

Property tax (est.)$171/mo

Condo fee$337/mo

Total monthly$2,556

Cash Needed to Close

Down payment (5%)$19,444

Land transfer tax$8,617

Est. closing costs$3,667

Total cash needed$31,728

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