$399,000

$449,000For salePrice drop↓ $50,000 (11%)

#2911 159 Wellesley Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#2911 159 Wellesley Street East, Toronto (Church-Yonge Corridor), Ontario, M4Y0H5

2 beds1 bath0 parking550 ft²$572/mo condo feeListed 83 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $399,000, it is attractively priced about 33% below the $595,000 median asking price in Toronto.

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Description

Welcome to Unit 2911 at 159 Wellesley St E. Bright high-floor suite with spectacular city views and a functional open-concept layout. Floor-to-ceiling windows fill the space with natural light, while the modern kitchen with sleek cabinetry flows seamlessly into the living and dining area. Spacious bedroom with ample closet space and a versatile den perfect for a home office or guest area. Enjoy your private balcony overlooking the downtown skyline. Located in a well-managed building with great amenities including concierge, gym, and party room. Steps to Wellesley subway, Church-Wellesley Village, parks, restaurants, shopping, and minutes to U of T and TMU. Ideal for first-time buyers, professionals, or investors seeking vibrant downtown living. (id:66096)

Property Details

MLS®: C13673060
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $572/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,880.61/yr
Listed: 83 days ago

Features

Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$726

List price

$399K

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 2-bed single family in Toronto (Church-Yonge 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 PROPERTY.CA INC. · JULIAN KASHANI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $399,000, about 6.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$399,000· $726/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$240/mo

Condo fee$572/mo

Total monthly$2,914

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$8,920

Est. closing costs$3,697

Total cash needed$32,567

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