159 Wellesley St E 1011
FOR SALE
$499,000
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BEDROOMS1
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Property Description
Experience the best of modern urban living in this stylish 1-bedroom + den condo, perfectly situated in the heart of downtown Toronto! Just steps from the University of Toronto and Toronto Metropolitan University, this sleek and sophisticated unit offers unbeatable convenience with easy access to TTC subway stations, Yorkville, the Financial District, top-rated restaurants, and more. Designed for comfort and style, the condo features floor-to-ceiling windows, an open balcony, and a contemporary kitchen with quartz countertops and built-in appliances. The spacious 4-piece bathroom includes ensuite laundry, while the primary bedroom boasts a double closet and walkout balcony access. The versatile den is ideal for a home office or creative space. Enjoy premium amenities, including a 24-hour concierge, bicycle room, state-of-the-art gym, yoga studio, tranquil sauna, and a dedicated study room. Whether you're a young professional, student, or investor, this is an incredible opportunity to own in one of Toronto's most sought-after locations. Act fast this gem won't last!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-09-03 | 2021-11-04 | 62 | $1,999 | $2,000 | Leased |
Nearby Intersections
Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,200 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.17' x 10.01' | |
| Kitchen | Main | 10.50' x 6.17' | |
| Dining | Main | 10.50' x 6.17' | |
| Br | Main | 9.74' x 10.01' | |
| Den | Main | 6.50' x 11.09' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
159 Wellesley St E 1011 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $58,110 (10.4%) 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 Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown 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 Downtown 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 Downtown 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 Royal Lepage Signature Realty
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