$890,000

For saleJust listed

#902 62 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#902 62 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M5S2X3

4 beds2 baths1 parking1,500 ft²$1,400/mo condo feeListed 2 days ago

Overview

This 4-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 2 days, fresher than the Toronto average of 60 days.

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Description

Experience Elegant Downtown Living In This Spacious 2-Bedroom, 2-Bathroom, 2-Solarium Suite Located In A Prestigious Boutique Building With Only 6 Suites Per Floor. Set In A Safe, Quiet, And Exceptionally Well-Maintained Environment, This Pet-Free Residence Of Nearly 1,500 Sq Ft Features A Sunken Living Room, An Eat-In Kitchen, An Ensuite Storage Locker, And One Parking Space. Enjoy A Full Range Of Amenities Including A 24-Hour Concierge, Visitor Parking, Indoor Pool, Exercise Room, Sauna, Squash Court, And A Rooftop Terrace With Stunning City Views. Ideally Situated Just Steps From Queens Park, The University Of Toronto, Major Hospitals, Public Transit, Subway Stations, Bus Stops, And Yorkville's Finest Restaurants, Cafes, Shopping Centres, And Grocery Stores, This Home Offers The Perfect Blend Of Urban Convenience And Residential Tranquility. Includes Two Solariums Measuring 200 Sq Ft Approx. ! (id:66096)

Property Details

MLS®: C14140766
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 1
Interior Size: 1,500 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,400/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,044.37/yr
Listed: 2 days ago

Rooms

Main level

Kitchen: 3.97 x 2.76 meters
Dining room: 3.03 x 3.79 meters
Living room: 5.49 x 5 meters
Primary Bedroom: 6.66 x 3.51 meters
Bedroom 2: 3.07 x 6.88 meters
Solarium: 2.4 x 5.5 meters
Solarium: 1.5 x 5.6 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, Blinds
Flooring: Tile, Carpeted
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$594

List price

$890K

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 4-bed single family in Toronto (Bay Street Corridor) has been listed for 2 days, which is 58 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX CONDOS PLUS CORPORATION · ROD LIMOOCHI TRAJI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $890,000, about 12.7× the local median household income of $70,000.

Carrying it typically needs a household income of about $173,848 (20% down, 25-yr amortization, stress-tested) — roughly 148% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$890,000· $594/ft²

For sale

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Full Cost Breakdown

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Down Payment7.19% · $64,000.00

Min 7.19%50%

Mortgage payment$4,579/mo

↳ CMHC premium ($33,040 capitalized)

Property tax (est.)$337/mo

Condo fee$1,400/mo

Total monthly$6,317

Cash Needed to Close

Down payment (7.19%)$64,000

Land transfer tax$28,550

Est. closing costs$5,170

Total cash needed$97,720

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