$950,000

$988,000For salePrice drop↓ $38,000 (4%)

#4009 8 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#4009 8 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M4Y0J5

3 beds2 baths1 parking850 ft²$747/mo condo feeListed 34 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 34 days, fresher than the Toronto average of 60 days.

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Description

Perched on the 40th floor, this corner 3-bedroom, 2-bathroom suite offers what downtown buyers actually pay a premium for: elevation, light, and a view that won't be built out. Triple exposures - south, east, and north - fill the home with natural light all day, with unobstructed south and east views stretching over the city. The functional layout works as hard as the location does: three true bedrooms, two full bathrooms, and an open-concept living space designed for real daily life, not just showings. One underground parking space included - a genuine asset at Yonge & Wellesley. Location is the headline act. Steps to Wellesley subway station, a short walk to the University of Toronto, and minutes to Toronto's major hospitals, the Eaton Centre, Yorkville, and the Financial District. Restaurants, cafés, and supermarkets are all within a few blocks.8 Wellesley Residences (completed 2025) offers 24-hour concierge, a modern fitness centre, party and meeting rooms, and an outdoor terrace with BBQs and lounge areas. Priced for today's market. Whether you're buying a home in the heart of downtown or adding a high-demand rental asset steps from campus, this one checks the boxes.*Some photos have been virtually staged.* (id:66096)

Property Details

MLS®: C13853634
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $747/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,447.9/yr
Listed: 34 days ago

Rooms

Flat

Living room: 4.5 x 4.11 meters
Dining room: 4.5 x 4.11 meters
Kitchen: 4.5 x 4.11 meters
Primary Bedroom: 4.11 x 2.59 meters
Bedroom 2: 3.66 x 2.44 meters
Bedroom 3: 3.12 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, Oven, Dryer, Microwave, Cooktop
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,118

List price

$950K

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 3-bed single family in Toronto (Bay Street Corridor) has been listed for 34 days, which is 26 days fresher than the city average of 60. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · LANA JI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $950,000, about 15.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 197% 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)

$950,000· $1,118/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $70,000

Min 7.37%50%

Mortgage payment$4,879/mo

↳ CMHC premium ($35,200 capitalized)

Property tax (est.)$454/mo

Condo fee$747/mo

Total monthly$6,080

Cash Needed to Close

Down payment (7.37%)$70,000

Land transfer tax$30,950

Est. closing costs$5,350

Total cash needed$106,300

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