$658,000

For sale

#5110 8 WELLESLEY Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#5110 8 WELLESLEY Street West, Toronto (Bay Street Corridor), Ontario, M4Y0J5

2 beds2 baths0 parking650 ft²$532/mo condo feeListed 119 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $658,000 asking price sits right in line with the $685,000 median in Toronto.

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Description

Fantastic Opportunity to Own at Bay & Bloor!Experience elevated downtown living in this stunning 51st-floor residence at prestigious Bay & Wellesley.This beautifully designed 1 Bedroom + Den, 2 Bathroom suite showcases spectacular unobstructed east-facing views, flooding the home with natural light and breathtaking city vistas. The spacious den features a full door and its own 3-piece bathroom, making it ideal as a second bedroom, guest suite, or private home office.Thoughtfully designed with an efficient layout, this exceptional suite also includes a storage locker for added convenience.Located in the heart of Downtown Toronto, just a 2-minute walk to the subway, you'll enjoy immediate access to Yorkville, the University of Toronto, world-class shopping, fine dining, cafés, entertainment, hospitals, and every urban convenience imaginable.Offering exceptional value in one of Toronto's most prestigious neighbourhoods, this is a rare opportunity to own a nearly new luxury residence at an outstanding price. An exceptional choice for both end-users and investors. (id:66096)

Property Details

MLS®: C13547146
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $532/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,185/yr
Listed: 119 days ago

Rooms

Flat

Primary Bedroom: 10.5 x 10.01 meters
Kitchen: 9.51 x 30.74 meters
Living room: 9.51 x 30.74 meters
Dining room: 9.51 x 30.74 meters
Den: 9.74 x 6.99 meters

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

Features

Exterior: Concrete
Lot Features: Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

119d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,013

List price

$658K

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 (Bay Street 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 RIGHT AT HOME REALTY · MOJY ESLAMI ZIRAKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $658,000, about 10.5× the local median household income of $62,400.

Carrying it typically needs a household income of about $128,530 (20% down, 25-yr amortization, stress-tested) — roughly 106% 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)

$658,000· $1,013/ft²

For sale

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Full Cost Breakdown

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Down Payment6.20% · $40,800

Min 6.20%50%

Mortgage payment$3,422/mo

↳ CMHC premium ($24,688 capitalized)

Property tax (est.)$349/mo

Condo fee$532/mo

Total monthly$4,302

Cash Needed to Close

Down payment (6.20%)$40,800

Land transfer tax$19,270

Est. closing costs$4,474

Total cash needed$64,544

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