$1,599,000

For saleJust listed

#TH1 508 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#TH1 508 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0K8

4 beds3 baths1 parking1,700 ft²$1,880/mo condo feeListed Today

Overview

This 4-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 1,700 sq ft of space. It has been on the market 0 days, fresher than the Toronto average of 57 days.

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Description

An exceptionally rare opportunity in the heart of King West! Welcome to this impressive 2-storey, over 1,600 sq. ft. townhouse offering a unique blend of urban sophistication, space and versatility. Featuring 3 bedrooms, a generous den and 3 bathrooms, this distinctive property stands out with its soaring ceilings, dramatic oversized staircase and expansive windows that flood the space with natural light. The true differentiator? Rare live/work zoning, opening the door to endless possibilities for both residential and business use. Perfectly positioned directly across from The Well. Toronto's best dining, shopping, cafés and entertainment are right at your doorstep. Includes parking and a private, street level entrance. A one-of-a-kind offering for those seeking more than just a place to live. (id:66096)

Property Details

MLS®: C14149974
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,700 ft²
Storeys: 2
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,880/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $7,224.16/yr

Rooms

Ground level

Family room: 3.85 x 3.17 meters
Kitchen: 3.49 x 3.17 meters
Bathroom: 1.83 x 3 meters
Dining room: 2.53 x 3.06 meters

Second level

Primary Bedroom: 4.42 x 2.9 meters
Bedroom 2: 3.96 x 3.21 meters
Bedroom 3: 3.46 x 3.17 meters
Den: 4.29 x 2.53 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
Exterior: Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$941

List price

$1.60M

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 (Waterfront Communities) has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · ERIN MARIE BARIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,599,000, about 17.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 243% 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)

$1,599,000· $941/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $319,800

Min 20%50%

Mortgage payment$6,819/mo

Property tax (est.)$602/mo

Condo fee$1,880/mo

Total monthly$9,302

Cash Needed to Close

Down payment (20%)$319,800

Land transfer tax$56,910

Est. closing costs$7,297

Total cash needed$384,007

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