$399,000
Toronto
#PH31 250 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V3P6
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $399,000, it is attractively priced about 37% below the $629,900 median asking price in Toronto.
Welcome to The Luxury Icon 2 - an exceptional opportunity to own a penthouse suite in the heart of Toronto's Financial and Entertainment Districts. This bright and stylish 516 sq. ft. junior one-bedroom corner suite features high ceilings, hardwood flooring throughout and a smart, functional layout that makes excellent use of every inch of space.Perfect for a first-time buyer, investor, executive rental or a short-term rental opportunity for those using the suite as their principal residence, this home offers incredible flexibility in one of downtown Toronto's most sought-after locations. Step outside your door and walk to virtually everything - world-class restaurants, nightlife, entertainment, shopping, the Financial District, transit and more. A truly AAA location for both lifestyle and investment potential.The Luxury Icon is a well-managed building with an impressive range of amenities, including 24-hour concierge, fitness room, lap resistance pool, party room, workspaces and a rooftop patio with BBQ terrace.Whether you're looking to get into the downtown market, build an investment portfolio or take advantage of the demand for executive and permitted short-term accommodations while living in the suite as your principal residence, this is an opportunity worth exploring. A fantastic downtown offering with high ceilings, an unbeatable location and exceptional lifestyle flexibility. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 66 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $399,000, about 4.4× the local median household income of $91,000.
Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA M5V)
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