$479,900

For sale

#5205 8 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#5205 8 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M4Y0J5

1 bed1 bath0 parking250 ft²$373/mo condo feeListed 17 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $479,900, it is attractively priced about 30% below the $685,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 60 days.

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Description

* Breathtaking Panoramic City Views in the Heart of Downtown Toronto * Enjoy abundant natural light through floor to ceiling windows in this nearly new 1-year-old condo on the 52nd floor. Beautifully finished with contemporary design. Ideally situated close to Yonge/Bay & Bloor, you'll enjoy unbeatable convenience just steps from Yorkville, two subway lines, University of Toronto, major hospitals, world-class shopping, acclaimed restaurants, and countless urban amenities. Low maintenance fees, just $373.19/m. Residents have access to over 21,000 sq. ft. of exceptional resort-inspired amenities, including a state-of-the-art 6,300 sq. ft. fitness club, stylish co-working lounges, beautifully designed outdoor spaces, a pet spa, and much more. An outstanding opportunity for professionals, students, investors, or anyone seeking sophisticated city living in one of Toronto's most sought-after locations. A must-see! (id:66096)

Property Details

MLS®: C14097886
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $373/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,322.46/yr
Listed: 17 days ago

Rooms

Flat

Kitchen: 8.23 x 4.65 meters
Living room: 8.23 x 4.65 meters
Dining room: 8.23 x 4.65 meters
Bedroom: 3.35 x 2.82 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, Oven, Dryer, Microwave, Cooktop
Flooring: Vinyl
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,923

List price

$480K

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 (Bay Street Corridor) has been listed for 17 days, which is 43 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · JINA KIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $479,900, about 7.7× the local median household income of $62,400.

Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — roughly 50% 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)

$479,900· $1,923/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,995

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,236 capitalized)

Property tax (est.)$277/mo

Condo fee$373/mo

Total monthly$3,178

Cash Needed to Close

Down payment (5%)$23,995

Land transfer tax$12,146

Est. closing costs$3,940

Total cash needed$40,081

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