225 Wellesley St E 211
FOR SALE
$575,000
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1 + 1
BEDROOMS2
BATHROOMS1
KITCHENS3 + 1
ROOMSC8311320
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Property Description
The next best thing to being a star is living at "The STAR of Downtown"! Spacious and well appointed 1 bdrm + den with 2 wash. All the benefits of downtown living just steps from Cabbagetown and all the unique restaurants and shops it offers. A short stroll to Bloor St and subway station as well as additional TTC routes right out your front door. The STAR offers all the amenities you need such as a gym, sauna, beautiful rooftop terrace for summer BBQ's, 24 hour concierge/security and the list goes on. Ideal unit for first time buyers.
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Extras
Heat pump owned. 1 owned parking and 1 owned locker included.
Nearby Intersections
Property Features
Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,099 (2023)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (Level B/Unit 40)
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
225 Wellesley St E 211 is a 1-bedroom 2-bathroom condo listed for sale at $575,000, which is $24,875 (4.1%) lower than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 (April 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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