$600,000

For sale

#2603 159 Wellesley Street East, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#2603 159 Wellesley Street East, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y0H5

1 bed1 bath1 parking650 ft²$738/mo condo feeListed 90 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $600,000 asking price sits right in line with the $598,000 median in Toronto.

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Description

Rarely offered on the market. A spacious 1BR with parking! Welcome to 159 Wellesley St E. This 1-bedroom, 1-bathroom suite features 631 sq. ft. of thoughtfully designed living space with ~9-ft ceilings, quality finishes, and stunning 26th-floor views. Residents enjoy an incredible lifestyle with standout building amenities, including a unique 360-degree outdoor running track, 24-hr fitness studio, yoga studio, zen-inspired sauna, games room with billiards, party room, outdoor BBQs, Wi-Fi lounge, guest suites, visitor parking, and a 24-hr concierge. Located on the edge of historic Cabbagetown, you are steps from TTC transit, with Sherbourne Station just an 8-minute walk away. Everyday essentials are right at your doorstep, including FreshCo, Food Basics, local markets, and the Cabbagetown Farmers' Market just 4 to 8 minutes away. Make this beautiful condo your home today! *Some photos are virtually staged.* (id:66096)

Property Details

MLS®: C13652958
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $738/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,606.37/yr
Listed: 90 days ago

Features

Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

90d

Toronto (Cabbagetown-South St. James Town) listings, avg age

57d

Price / ft²

$924

List price

$600K

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 1-bed single family in Toronto (Cabbagetown-South St. James Town) 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 ROYAL LEPAGE SUPREME REALTY · ALEXANDER GASENKO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $600,000, about 9.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 88% 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)

$600,000· $924/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$301/mo

Condo fee$738/mo

Total monthly$4,171

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$16,950

Est. closing costs$4,300

Total cash needed$56,250

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