$949,900

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#1405 62 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#1405 62 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M5S2X3

3 beds2 baths1 parking1,500 ft²$1,574/mo condo feeListed 98 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space.

Condos for Sale in Toronto →All real estate in Toronto →

Description

What a magnificent opportunity to own at the prestigious Queens Park Place Condominiums. This exceptional 2-bedroom plus den suite offers an expansive layout designed for comfortable upscale living. Generously sized principal rooms provide outstanding flexibility to customize the space to suit your lifestyle, while the functional floor plan offers endless possibilities. The spacious solarium serves as the perfect retreat, where you can relax and enjoy beautiful city views. Residents enjoy an impressive selection of building amenities, including an indoor pool, fitness centre, sauna, 24-hour concierge, and beautifully landscaped rooftop gardens. Ideally located with outstanding nearby conveniences, this is a rare opportunity to own a spacious suite in one of the area's most desirable condominium communities. A must-see! *Photos have been virtually staged* (id:66096)

Property Details

MLS®: C13617152
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,500 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,574/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,924/yr
Listed: 98 days ago

Features

Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

98d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$633

List price

$950K

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 3-bed single family in Toronto (Bay Street Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by UNION CAPITAL REALTY · TOM LAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $949,900, about 13.6× the local median household income of $70,000.

Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 165% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$949,900· $633/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,990

Min 7.37%50%

Mortgage payment$4,878/mo

↳ CMHC premium ($35,196 capitalized)

Property tax (est.)$410/mo

Condo fee$1,574/mo

Total monthly$6,863

Cash Needed to Close

Down payment (7.37%)$69,990

Land transfer tax$30,946

Est. closing costs$5,350

Total cash needed$106,286

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#1405 62 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5S)

Book a showing

Full Cost Breakdown