22 Wellesley St E 804
Church-Yonge Corridor, Downtown Toronto, M4Y 1G3
FOR SALE
$499,800
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Property Description
Welcome to 22 Wellesley! This medium-sized, luxury loft-style condo is perfectly located next to Wellesley Subway Station, offering easy access to Bloor St, Yorkville, Bay St, and the U of T. Well-designed one-bedroom suite spans approximately 490 sq.ft. plus 120 sq.ft. west facing full-length open balcony with stunning city views and a gas hook-up for BBQs. The unit features laminate flooring throughout, exposed concrete ceilings, and stylish concrete accent walls. The open-concept L-shaped kitchen comes equipped with a fridge, stove, dishwasher, and exhaust hood fan. A stacked washer and dryer included. Premium amenities including a fully equipped exercise room, rooftop terrace, jacuzzi, sauna, and more. 24-hour concierge service. The layout is ideal for first-time homebuyers or investors. A storage locker is also included!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-17 | 2024-11-30 | 74 | $499,800 | - | Expired |
Nearby Intersections
Property Features
Clear View, Library, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
500-599
Taxes
$2,260 (2024)
Basement
None
Exterior
Concrete, Stone
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.30' x 18.60' | Laminate, Combined W/Dining, W/O To Balcony |
| Dining | Flat | 10.30' x 18.60' | Laminate, Combined W/Living, Open Concept |
| Kitchen | Flat | 10.30' x 18.60' | Laminate, Open Concept, Backsplash |
| Prim Bdrm | Flat | 8.99' x 11.98' | Laminate, West View, Mirrored Closet |
| Other | Flat | 5.48' x 22.01' | Concrete Floor, Balcony, West View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
22 Wellesley St E 804 is a 1-bedroom 1-bathroom condo listed for sale at $499,800, which is $63,063 (11.2%) lower than the average sold price of $562,863 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $6,430 (1.1%) compared to the previous 30 day period (October 18 - November 16) and down $22,163 (3.8%) from the same time one year ago.Inventory Change
There were 886 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 31.7% compared with the previous 30 day period (October 18 - November 16) and up 19.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,552) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $1,650 decrease compared to the previous 30 day period (October 18 - November 16) and ($14,925) more 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 (November 17 - December 16) stood at 51.2%, up from 47.2% over the previous 30 days (October 18 - November 16) and down from 54.9% 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 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Ymsl Realty
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