$519,900

For saleJust listed

#311 225 Wellesley Street East, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#311 225 Wellesley Street East, Toronto (Cabbagetown-South St. James Town), Ontario, M4X1X8

2 beds2 baths1 parking650 ft²$654/mo condo feeListed 7 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $519,900, it is attractively priced about 13% below the $598,888 median asking price in Toronto. It has been on the market 7 days, fresher than the Toronto average of 56 days.

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Description

Welcome to your dream urban oasis! This exceptionally designed 1-bedroom plus den, 2-washroom residence offers the perfect blend of modern sophistication and functional living space. Every square foot of this bright and airy layout has been optimized to deliver comfort and convenience. Step inside to find an expansive open-concept living and dining area flooded with natural light from floor-to-ceiling windows. The contemporary chef's kitchen features premium, high-end finishes, clean lines, seamless integrated appliances, and a beautiful sleek countertop that doubles as a breakfast bar. The oversized, separate den provides a versatile, private room that can easily transform into a dedicated home office, a cozy media lounge, or an inviting guest space. Unlike standard floor plans, this premium unit offers the rare luxury of two washrooms, including a two shower ensuite in the primary bedroom, with plenty of space and modern fixtures. The generous primary suite acts as a peaceful retreat, complete with excellent closet space and pristine finishes. Your living space extends outdoors to a personal balcony, perfect for morning coffee. This unit checks every single box, coming fully equipped with a dedicated underground parking space and a secure, private storage locker. Situated near historic Cabbagetown, this unit is walkable to transit, shops nearby, dining areas, parks, and plenty more! Don't miss out on the incredible value offered for this fantastic home! (id:66096)

Property Details

MLS®: C14124216
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $654/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,493.76/yr
Listed: 7 days ago

Rooms

Flat

Living room: 5.84 x 2.87 meters
Dining room: 5.84 x 2.87 meters
Kitchen: 1.5 x 1.22 meters
Primary Bedroom: 3.35 x 2.69 meters
Den: 2.69 x 2.59 meters

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, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

56d

Price / ft²

$800

List price

$520K

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 (Cabbagetown-South St. James Town) has been listed for 7 days, which is 49 days fresher than the city average of 56. Act while there is still low competition.

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Listed by CENTURY 21 HERITAGE GROUP LTD. · MALCOLM MCMASTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4X)

This home lists at $519,900, about 8.8× the local median household income of $58,800.

Carrying it typically needs a household income of about $101,555 (20% down, 25-yr amortization, stress-tested) — roughly 73% above the area median.

Median household income: $58,800
Population: 19,896
Median age: 39.2
Owner / renter: 15% / 85%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M4X)

$519,900· $800/ft²

For sale

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Full Cost Breakdown

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Down Payment5.19% · $26,990

Min 5.19%50%

Mortgage payment$2,733/mo

↳ CMHC premium ($19,716 capitalized)

Property tax (est.)$208/mo

Condo fee$654/mo

Total monthly$3,595

Cash Needed to Close

Down payment (5.19%)$26,990

Land transfer tax$13,746

Est. closing costs$4,060

Total cash needed$44,796

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice