$1,350,000

For sale

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#905 8 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

#905 8 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M4Y1E7

4 beds baths

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Investment analysis

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$1,350,000

Toronto

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Description

Welcome to one of the most sought-after suites at 8 Wellesley Residences, ideally located just steps from University of Toronto. This well-designed 3-bedroom plus 1 den layout offers exceptional flexibility, with the den easily convertible into a fourth bedroom, making it ideal for families, professionals, or student rental setups. Situated on the 9th floor, the suite features approximately 1,171 square feet of interior space, complemented by a bright south-facing exposure that fills the home with natural light throughout the day. The unit includes one owned parking space, adding convenience and value in this prime downtown location. Residents enjoy access to a full range of premium amenities, including a state-of-the-art fitness centre, co-working spaces, elegant lounge areas, concierge service, and secure parcel management, all designed to support a modern urban lifestyle. As one of the newest buildings closest to the University of Toronto, this residence has quickly become a popular choice among students and young professionals, offering both lifestyle appeal and strong rental demand. A rare opportunity to own a versatile, sun-filled suite in one of Toronto's most dynamic and high-demand neighbourhoods. (id:66096)

Property Details

MLS®: C13073826
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,005/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,840/yr
Listed: 186 days ago

Market Timing

Days on market

186d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,228

List price

$1.35M

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.

Area context

Neighbourhood profile (M4Y)

This home lists at $1,350,000, about 21.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 323% 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)

$1,350,000· $1,228/ft²

For sale

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Full Cost Breakdown

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Down Payment8.15% · $110,000.00

Min 8.15%50%

Mortgage payment$6,875/mo

↳ CMHC premium ($49,600 capitalized)

Property tax (est.)$320/mo

Condo fee$1,005/mo

Total monthly$8,200

Cash Needed to Close

Down payment (8.15%)$110,000

Land transfer tax$46,950

Est. closing costs$6,550

Total cash needed$163,500

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#905 8 Wellesley Street West, Toronto (Bay Street Corridor) - Single Family for Sale

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