$1,950,000

For sale

#2705 183 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#2705 183 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0A1

1 bed2 baths1 parking1,300 ft²$2,044/mo condo feeListed 26 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 26 days, fresher than the Toronto average of 57 days.

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Description

The Ritz-Carlton Residences - Experience Luxurious and Elegant Living in the Residences of Ritz-Carlton. Rarely Offered Bright South Facing 1 Bedroom 2 Bathrooms Unit Boasts 1255 Sq Ft of Living Space With Expansive Views Facing the CN Tower, 10Ft Ceilings and Floor To Ceiling/Wall To Wall Windows. Exquisite Luxury Finishes Throughout Including Hardwood Flooring, Gourmet Kitchen with Wolf and Sub-Zero Appliances, Gas Fire Place, Separate Walk in Laundry Room, Primary Bedroom That Includes a 5PC ensuite with Soaker Tub and a Walk-in Closet with Customer Closet Organizer. As a Resident, You Will Enjoy Exclusive Access to Two Floors of Private World-Class Amenities, Including a A Sky Lobby, Fitness Centre, Meeting Rooms, Private Theatre, Coffee Bar, Stunning Outdoor Terrace with BBQ, Private Residential Lobby, Guest Suites, Valet Parking, 24/7 Concierge. Additionally, Residents Has Access to Exceptional Services and Amenities of The Ritz-Carlton Hotel, Including A Second Fitness Centre, Access to Spa Facilities, Indoor Saltwater Pool and Hot Tub. Nestled in Toronto's vibrant Entertainment/Financial/Theatre District With Direct Access to the PATH System. Reside in One Of Toronto's Most Coveted Addresses, Where World-Class Restaurants, Cultural Landmarks, Sporting Events, Concerts And Premier Shopping Destinations Are Just Steps Away. (id:66096)

Property Details

MLS®: C13881832
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Fireplace: Yes
Condo Fee: $2,044/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $7,020.56/yr

Rooms

Main level

Living room: 7.66 x 4.51 meters
Dining room: 7.66 x 4.51 meters
Kitchen: 4.82 x 3.78 meters
Bathroom: 4.34 x 4.2 meters

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

Features

Appliances: Washer, Dishwasher, Wine Fridge, Stove, Oven, Dryer, Microwave, Cooktop, Window Coverings
Flooring: Hardwood
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,501

List price

$1.95M

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 (Waterfront Communities) has been listed for 26 days, which is 31 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX CONDOS PLUS CORPORATION · HELEN CHU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,950,000, about 21.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 319% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$1,950,000· $1,501/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $390,000

Min 20%50%

Mortgage payment$8,316/mo

Property tax (est.)$585/mo

Condo fee$2,044/mo

Total monthly$10,945

Cash Needed to Close

Down payment (20%)$390,000

Land transfer tax$70,950

Est. closing costs$8,350

Total cash needed$469,300

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