$475,000

For sale

#M04 350 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#M04 350 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V3W9

1 bed1 bath0 parking750 ft²$959/mo condo feeListed 21 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $475,000, it is attractively priced about 25% below the $629,900 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

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Description

Welcome to elevated urban living in the Entertainment District at Soho Metropolitan, where luxury, style, and convenience come together in the heart of downtown. This wonderful and spacious 750 sq. ft. one-bedroom suite with a versatile foyer/den offers plenty of room for a king-sized bed and features soaring 9.5-foot ceilings, upgraded flooring, as well as an upgraded washer and dryer, and an airy open-concept layout filled with natural light. Enjoy an exceptional lifestyle with access to the Soho Hotel's first-class amenities, including a fitness centre, Jacuzzi, and pool. Step outside to discover a 2.5-acre park directly across the street, while the waterfront, CN Tower, Rogers Centre, Roy Thomson Hall, Metro Hall, TIFF and everyday conveniences are all just a short walk away. Residents also enjoy convenient access to on-site dining options, including Senses, Aera and Lucie. A rare opportunity to own a generously sized luxury suite in one of downtown's most prestigious addresses-perfect for end users, professionals, or investors seeking an exceptional city lifestyle. A delight for sports and entertainment fans! (id:66096)

Property Details

MLS®: C14085752
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage
Pool: Yes
Condo Fee: $959/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,685.59/yr
Listed: 21 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$634

List price

$475K

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 (Waterfront Communities) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · PAMELA J SIMONS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $475,000, about 5.2× the local median household income of $91,000.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 2% 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)

$475,000· $634/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$224/mo

Condo fee$959/mo

Total monthly$3,684

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$11,950

Est. closing costs$3,925

Total cash needed$39,625

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