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    Toronto / Downtown / Bay Street Corridor

    508 - 11 Wellesley St W

    For SaleWellesley On The Park Condos
    $998,000
    2 Beds
    2 Bath
    1 Parking
    924 SQFT
    119 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $885/mth
    Taxes:
    $5,006 (2024)
    Cost Per Sqft:
    $1,080/sqft
    Locker:
    Owned
    Outdoor Space:
    Terrace
    Exposure:
    North East
    Possession Date:
    July 3, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Terrace, Laminate
    16.11 x 16.11ft
    Dining
    Combined with Kitchen, Laminate
    15.29 x 10.89ft
    Kitchen
    Modern Kitchen, Open Concept
    15.29 x 10.89ft

    About this Listing

    Great City Views Of Corner Unit 924 SQF With Super Large Wrap-Around 480 SQF Terrace In Luxury Condo "Wellesley On The Park". Bright and Sunny W /Fabulous Layout.2 Bedrms And 2 Spacious Full Bathrms, Modern Kitchen with B/I Appliances, Quartz Countertop & Backsplash. Customized High-end Roll Blinds For The Whole Unit.One Underground Parking Included. Close To Wellesley Subway, Shops, Restaurants, Steps To U Of T, Ryerson, Supermarkets, Entertainment, District, Financial District And Many More.

    ExtrasB/I Fridge & Dishwasher, Cooktop, Oven And Microwave, Range Hood, Washer/Dryer.

    homelife landmark realty inc.MLS® #C9010533

    Amenities

    Guest Suites
    Bike Storage
    Sauna
    Business Centre
    Games Room
    Media Room

    Explore Neighbourhood

    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.

    Similar Listings

    Demographics

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

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Wellesley On The Park Condos vs The Bay Street Corridor Area

    Building Trends At Wellesley On The Park Condos

    Days on Strata

    Units at Wellesley On The Park Condos spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    4.7
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    20
    Units were Sold over the past twelve months

    Rented Units

    227
    Units were Rented over the past twelve months

    Best Value Rank

    Wellesley On The Park Condos offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Wellesley On The Park Condos has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Wellesley On The Park Condos yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    Wellesley On The Park Condos is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 11 Wellesley Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$470,000$618,000 - $740,000$650,000 - $850,000$973,000 - $1,055,000$1,060,000$1,340,000
    Avg. Cost Per Sqft$1,369$1,365$1,330$1,366$1,272$1,601
    Avg. Wait for Unit Availability62 Days82 Days42 Days82 Days141 Days120 Days
    Ratio of Units in Building18%19%41%14%6%5%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor