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    Toronto / Downtown / King West

    606 - 508 Wellington St W

    For SaleDowntown Condos
    $489,900
    1 Bed
    1 Bath
    0 Parking
    448 SQFT
    61 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $474/mth
    Taxes:
    $1,952 (2024)
    Cost Per Sqft:
    $1,094/sqft
    Locker:
    Exclusive
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    November 25, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    0 x 0ft
    Dining
    Laminate, Combined with Living, Open Concept
    0 x 0ft
    Kitchen
    Laminate, Modern Kitchen, Walkout To Balcony
    0 x 0ft

    About this Listing

    WHY RENT with rates going down! Get in before it's too late. Very Intimate 11 Story Condo Featuring 1 Full Bedroom Unit with close. Open Concept and Full Separate Bedroom, Ample Storage, 1 locker Included, Meticulously Kept. Large floor to ceiling Windows Walker's paradise, perfect starter condo or investment in prime area. Millionaire's Row. Roll over to THE WELL.. So MUCH happening in area! The Most Sought Out Area Downtown

    ExtrasWalker's Paradise, Perfect Starter Condo Or Investment.Steps To TTC, The Well, Future Blue Line Stop @ Bathurst, Trendy Restro's, Cafes, Memorial Park & Stackt Market, Short Stroll TO the Water Front. Unbeatable Location.

    re/max hallmark corbo & kelos group realty ltd.MLS® #C9294395

    Amenities

    Security System
    Rooftop Deck
    Bike Storage
    Media Room
    Gym Room
    Concierge

    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%

    Price Trends

    Maintenance Fees

    Downtown Condos vs The King West Area

    Building Trends At Downtown Condos

    Days on Strata

    Units at Downtown Condos spend an average of
    7
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    6.9
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    61st
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    12
    Units were Rented over the past twelve months

    Best Value Rank

    Downtown Condos offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    Downtown Condos has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    Downtown Condos yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    Downtown Condos is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 508 Wellington Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed + Den
    Price RangeNo Data$475,000No DataNo Data$995,000No Data
    Avg. Cost Per SqftNo Data$904No DataNo Data$954No Data
    Avg. Wait for Unit AvailabilityNo Data80 Days913 DaysNo Data482 Days1327 Days
    Ratio of Units in Building4%74%5%7%10%3%

    Transactions vs Inventory

    Total number of units listed and sold in King West