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    PH7 - 8 Wellesley St E

    $1,479,0002 bds2 ba1 pk1,507 sqft
    19 Days on Strata
    Est Sell Timeframe:
    24 Days
    $1,479,000
    2 Beds + 1
    2 Bath
    1 Parking
    1,507 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Maintenance Fees:

    $1,789/mth

    Taxes:

    $5,279 (2024)

    Cost Per Sqft:

    $981/sqft

    Outdoor Space:

    Juliet Balcony

    Locker:

    Owned

    Exposure:

    East

    Possession Date:

    Flexible

    Laundry:

    Main

    Amenities

    Indoor Parking
    Visitor Parking
    BBQs Allowed
    Rec Room
    Party Room
    Bike Storage
    Security System
    Rooftop Deck
    Gym
    Concierge
    Sauna

    About this Listing

    Welcome to the entertainer's dream loft. This stunning 2+1 penthouse loft is in the heart of the city and just steps to Yorkville. Boasting 1,507 sq.ft of exquisite space, this boutique condo offers an unparalleled blend of style, comfort, and convenience. 8 Wellesley is a rare investment opportunity as it falls into a small group of condominiums which allow for STRs (short term rentals). Capitalize on Toronto's thriving hospitality industry and maximize your investment potential with ease. Whether you're looking to generate passive income or establish a place to call home in this lively neighbourhood, this residence offers endless possibilities. Soaring 13.5-foot concrete coffered ceilings and an expansive layout provides ample space for relaxation, work, and entertainment. Experience the meticulous attention to detail throughout, including a custom industrial iron staircase to the mezzanine, mahogany flooring, a fully upgraded 6 piece ensuite in the primary bedroom, and a beautiful galley kitchen. The large windows flood the interior with natural light, creating a warm and inviting ambiance. From trendy cafes and boutiques to world-class cultural institutions, everything you desire is just steps away. Embrace the vibrancy of city living while enjoying the tranquility of your private sanctuary.

    ExtrasIncognito Subzero Refrig/Freezer, Dacor Gas Cooktop & Wall Oven, Range Hood, Dw, Stackable W & D, Bar Fridge, Elfs, Window Coverings

    forest hill real estate inc.MLS® #C12052014

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Water
    Parking
    Building Insurance
    Not Included
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Fan Coil

    Room Dimensions

    Foyer

    10.66 x 5.68ft

    Living

    18.83 x 18.47ft

    Dining

    15.16 x 10.17ft

    Kitchen

    11.16 x 7.68ft

    Primary

    16.67 x 13.85ft

    Loft

    14.99 x 8.01ft

    Buyer's Market
    Balanced
    Seller's Market

    Similar Listings

    Explore Church - Toronto


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    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    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.

    Mortgage Calculator


    Demographics

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

    Population
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    22%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%


    Days on Strata

    Units at Eight Wellesley Street East spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Church - Toronto

    Turnover of Units

    On average, each unit is owned for
    5.4
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    46th
    Highest price per SQFT out of 91 condos in the Church - Toronto area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    34
    Units were Rented over the past twelve months

    Best Value Rank

    Eight Wellesley Street East offers the
    ?
    best value out of 91 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    Eight Wellesley Street East has the
    ?
    highest ROI out of 91 condos in the Church - Toronto neighbourhood

    Rental Yield

    Eight Wellesley Street East yields the
    ?
    highest rent prices out of 91 condos in the Church - Toronto neighbourhood

    High Demand

    Eight Wellesley Street East is the
    ?
    most popular building out of 91 condos in the Church - Toronto neighbourhood

    Market Insights

    Transaction Insights at Eight Wellesley Street East

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$720,000 - $725,000No Data$1,535,000
    Avg. Cost Per SqftNo DataNo Data$734No Data$799
    Avg. Wait for Unit Availability152 Days536 Days120 Days1251 Days1071 Days
    Ratio of Units in Building38%17%35%3%9%

    Market Inventory

    Total number of units listed and sold in Church - Toronto


    The information on this website is taken from sources deemed reliable. However, the accuracy cannot be guaranteed and it is the responsibility of the website user to personally verify all information. The property information herein is derived from various sources that may include, but are not limited to, municipal records and the Multiple Listing Service, and may include approximations.

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