$899,000

For sale

#803 400 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#803 400 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0B5

2 beds2 baths1 parking850 ft²$843/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 17 days, fresher than the Toronto average of 57 days.

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Description

Welcome to your urban retreat in the heart of downtown Toronto! This exceptional condo awaits you in a serene boutique mid-rise residence, offering a peaceful escape from the hustle and bustle of city life. Convenience meets luxury as you step outside your doorstep and find yourself just a stone's throw away from The Well, a vibrant hub of amenities, including shops, restaurants, and entertainment venues. Indulge in the finest culinary experiences along King Street and explore the eclectic shopping scene on Queen Street, all within easy reach of your new home. Experience the best of Toronto's attractions within walking distance, from iconic landmarks to cultural hotspots. Embark on leisurely strolls along the picturesque lakeshore, mere minutes away, and soak in the breathtaking views of the waterfront. For the avid traveller, this location offers unparalleled convenience with its proximity to the Gardiner Expressway and Billy Bishop Airport, making weekend getaways a breeze. (id:66096)

Property Details

MLS®: C14092092
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $843/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,151.16/yr
Listed: 17 days ago

Rooms

Main level

Kitchen: 2.93 x 2.9 meters
Dining room: 3.23 x 5.52 meters
Living room: 3.23 x 5.52 meters
Primary Bedroom: 2.99 x 3.66 meters
Bedroom 2: 3.05 x 3.26 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, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,058

List price

$899K

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 (Waterfront Communities) has been listed for 17 days, which is 40 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MANDIE LEIGH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $899,000, about 9.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 93% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$899,000· $1,058/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$346/mo

Condo fee$843/mo

Total monthly$5,814

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$28,910

Est. closing costs$5,197

Total cash needed$99,007

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