8 Wellesley St E 507

FOR SALE
$459,000
8 Wellesley St E 507, Toronto
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
8 Wellesley St E 507
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C11994040
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Property Description
*Don't Miss This Rare Opportunity* Discover this beautiful 1-bed condo in an exclusive boutique building just south of Yorkville. Perfectly situated steps from the Yonge/Wellesley subway entrance, this bright and spacious suite, 564 sq. ft. boasts 10-ft ceilings, expansive floor-to-ceiling windows, sleek wood flooring throughout and an inviting open-concept living and dining area with a charming Juliette balcony. The kitchen features a custom 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 quiet yet vibrant location, you're just a short walk to Yorkville, Eaton Centre, UofT, Toronto Metropolitan University, major hospitals, and the best shopping and dining at Yonge/Bloor. This urban retreat is an absolute must-see. Schedule your viewing today!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-11-16 2021-12-14 28 $1,900 $1,900 Leased
2020-02-28 2020-03-05 6 $1,900 $1,900 Leased
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,024 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingFlat12.47' x 15.09'Combined W/Dining, Hardwood Floor, Window Flr to Ceil
DiningFlat15.09' x 12.47'Combined W/Living, Hardwood Floor, South View
KitchenFlat7.87' x 8.86'Custom Counter, Breakfast Bar, Pot Lights
Prim BdrmFlat10.50' x 10.50'Hardwood Floor, Closet Organizers, Window Flr to Ceil
Toronto Market Statistics
Toronto Price Trend
8 Wellesley St E 507 is a 1-bedroom 1-bathroom condo listed for sale at $459,000, which is $98,110 (17.6%) lower than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.
Inventory Change
There were 1,341 1-bedroom condos listed in Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sotheby's International Realty Canada
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