$539,000

For sale

#406 159 Wellesley Street East, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#406 159 Wellesley Street East, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y0H5

2 beds1 bath1 parking650 ft²$719/mo condo feeListed 31 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $539,000, it is attractively priced about 10% below the $598,000 median asking price in Toronto. It has been on the market 31 days, fresher than the Toronto average of 57 days.

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Description

Discover the comfort and convenience of 406-159 Wellesley St. E., a stylish condo come with a parking and oversize locker. With 609 sq. ft. of smartly used space, this home features a welcoming primary bedroom with balcony walk-out, plus a den perfect for your office or creative corner. An in-suite washer/dryer adds everyday ease. Residents enjoy a full suite of amenities, including a gym, sauna, games and party rooms, rooftop deck and garden, guest suite, BBQ area, and concierge. Buyer can assume the Tenants or vacant possession with 60 days' notice. Photos show the unit before and during tenancy. (id:66096)

Property Details

MLS®: C13864120
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None, Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $719/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,245.73/yr
Listed: 31 days ago

Rooms

Flat

Dining room: 78.94 x 32.81 meters
Living room: 78.94 x 32.81 meters
Den: 37.4 x 19.85 meters
Primary Bedroom: 32.81 x 29.53 meters
Kitchen: 78.94 x 32.81 meters

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

Features

Appliances: Water meter, Water Heater
Flooring: Laminate
Foundation: Concrete
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

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

57d

Price / ft²

$830

List price

$539K

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 31 days, which is 26 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · ANDREW LIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $539,000, about 8.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $105,286 (20% down, 25-yr amortization, stress-tested) — roughly 69% 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)

$539,000· $830/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,900

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,404 capitalized)

Property tax (est.)$270/mo

Condo fee$719/mo

Total monthly$3,818

Cash Needed to Close

Down payment (5.36%)$28,900

Land transfer tax$14,510

Est. closing costs$4,117

Total cash needed$47,527

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