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    3802 - 183 Wellington St W

    For SaleResidences of The Ritz Carlton
    $2,200,000
    2 Beds
    2 Bath
    1 Parking
    1,515 SQFT
    22 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $2,360/mth
    Taxes:
    $8,269 (2024)
    Cost Per Sqft:
    $1,452/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    October 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Fireplace, Combined with Dining, Hardwood Floor
    17 x 16.01ft
    Dining
    Open Concept, Pot Lights, Hardwood Floor
    12.7 x 8.01ft
    Kitchen
    Marble Counter, Built-in Appliances, Galley Kitchen
    14.01 x 8.5ft

    About this Listing

    Discover Elevated Living at The Residences at The Ritz-Carlton. Immerse yourself in the ultimate luxury with this extraordinary two-bedroom suite, nestled in Toronto's vibrant Entertainment District. Offering breathtaking city views, this meticulously designed residence embodies sophistication and modern elegance. Step into a grand living space defined by 10-foot ceilings and gleaming engineered wood floors, where attention to detail is paramount. The gourmet kitchen, a chef's dream, boasts custom Bellini cabinetry, granite countertops, and top-tier appliances, blending elegance with functionality. The living areas coffered ceilings and designer finishes enhance the suite's opulence, while the spa-like four-piece ensuite bathroom showcases stunning marble floors. Additional custom cabinetry ensures ample storage, perfectly complementing the luxurious design. Reside in one of Toronto's most coveted addresses, where world-class restaurants, cultural landmarks, and premier shopping destinations are just steps away. The Ritz-Carlton lifestyle offers impeccable service and unmatched amenities, delivering an unparalleled experience. Elevate your living and schedule a private tour today to explore this remarkable residence. Experience an exceptional standard of luxury at The Residences at The Ritz-Carlton.

    ExtrasThe Residences at the Ritz-Carlton provides residents with the finest collection of amenities including: valet parking, 24-hour concierge services, access to the 5-star hotel + spa, indoor swimming pool, fitness centre and much more!

    sotheby`s international realty canadaMLS® #C9395981


    Amenities

    Concierge
    Visitor Parking
    Business Centre
    Party Room
    Rec Room
    Rooftop Deck

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Units at Residences of The Ritz Carlton spend an average of
    60
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    29%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    20
    Units were Rented over the past twelve months

    Best Value Rank

    Residences of The Ritz Carlton offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    Residences of The Ritz Carlton has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    Residences of The Ritz Carlton yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    Residences of The Ritz Carlton is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 183 Wellington Street W

    Studio1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$2,130,000 - $5,100,000$6,750,000No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$1,812$2,921No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data110 Days112 Days360 Days1215 Days312 Days
    Ratio of Units in Building1%33%49%11%5%5%

    Transactions vs Inventory

    Total number of units listed and sold in King West