$445,000

For sale

#313 225 Wellesley Street East, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#313 225 Wellesley Street East, Toronto (Cabbagetown-South St. James Town), Ontario, M4X1G1

1 bed1 bath1 parking550 ft²$544/mo condo feeListed 37 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $445,000, it is attractively priced about 26% below the $598,000 median asking price in Toronto. It has been on the market 37 days, fresher than the Toronto average of 57 days.

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Description

Centrally & conveniently located w/restaurants, groceries & other amenities just a hop away. Granite Counters, Breakfast Bar. Ensuite Laundry. 24 Hr Security/Concierge. Walk To Subway, Mins To Hwy, TTC At Front Door. Visitor Parking. Rooftop Walkout From The All-Season Solarium To AN AMAZING Terrace With Bbqs And Loungers, With Lake And City Views! Welcome Home! SS Fridge, Stove, Bosch DW, W/D, Locker. Granite Counters In Kitchen & Bath. Amenities: Exercise Room, Sauna, Party Room, Kitchen, Library/Media Room, Roof Top Terrace. (Rare in the city to have 17 Visitor Parking! Please visit the rooftop terrace - right elevator press PH. Spectacular view. All other facilities are accessed in P1) (id:66096)

Property Details

MLS®: C13841274
Property Type: Single Family
Zoning: Residential
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: Garage, Underground
Condo Fee: $544/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,809.6/yr
Listed: 37 days ago

Rooms

Main level

Bedroom: 3.69 x 2.83 meters
Kitchen: 3.05 x 2.8 meters
Living room: 4.69 x 3.99 meters
Dining room: 4.69 x 3.99 meters

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

Features

Flooring: Laminate, Carpeted
Exterior: Stucco
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

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

57d

Price / ft²

$810

List price

$445K

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) has been listed for 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · RICHARD K.C. LING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4X)

This home lists at $445,000, about 7.6× the local median household income of $58,800.

Carrying it typically needs a household income of about $86,924 (20% down, 25-yr amortization, stress-tested) — roughly 48% 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)

$445,000· $810/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,250

Min 5%50%

Mortgage payment$2,344/mo

↳ CMHC premium ($16,910 capitalized)

Property tax (est.)$151/mo

Condo fee$544/mo

Total monthly$3,039

Cash Needed to Close

Down payment (5%)$22,250

Land transfer tax$10,750

Est. closing costs$3,835

Total cash needed$36,835

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