Skip to main
    Toronto / Downtown / Church - Toronto

    507 - 8 Wellesley St E

    For SaleEight Wellesley Street East
    $459,000
    1 Bed
    1 Bath
    0 Parking
    564 SQFT
    11 Days on Strata
    Est Sell Timeframe
    15 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $625/mth
    Taxes:
    $2,024 (2024)
    Cost Per Sqft:
    $814/sqft
    Locker:
    None
    Outdoor Space:
    Juliet Balcony
    Exposure:
    South
    Possession Date:
    60/90 days
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Windows Floor to Ceiling
    15.09 x 12.47ft
    Dining
    Combined with Living, Hardwood Floor, South View
    12.47 x 15.09ft
    Kitchen
    Custom Counter, Breakfast Bar, Pot Lights
    8.86 x 7.87ft

    About this Listing

    Attention first-time buyers! Priced to Sell. Your chance to own in downtown Toronto for an affordable price is here. Discover this beautiful 1-bed condo in an exclusive boutique building perfectly situated few steps from the Yonge/Wellesley subway entrance. Spacious suite, 564 sq. ft. boasts 10-ft ceilings, floor-to-ceiling windows and an inviting open-concept living and dining area with a Juliette balcony. The kitchen features a custom stainless-steel breakfast bar perfect for an urban living. The generously sized primary bedroom offers abundant natural light with floor-to-ceiling windows and a double closet for ample storage. Amenities include 24-hour concierge, fitness centre, party room, and a rooftop deck with BBQs and loungers ideal for entertaining or relaxing in the heart of the city. Nestled in a vibrant location, you're just a short walk to Yorkville, Eaton Centre, UofT, Toronto Metropolitan University, major hospitals, and the best shopping and dining. Don't miss out on this incredible opportunity to get into the market in one of Torontos most connected neighbourhoods.

    sotheby`s international realty canadaMLS® #C11994040

    Amenities

    Concierge
    Rooftop Deck
    Party Room
    Security System
    Bike Storage
    Gym 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
    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%

    Price Trends

    Maintenance Fees

    Eight Wellesley Street East vs The Church - Toronto Area

    Building Trends At Eight Wellesley Street East

    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

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    50th
    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

    4
    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

    Transaction Insights at 8 Wellesley Street

    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 Building35%8%44%6%9%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto