225 Wellesley St E 606
FOR SALE
$559,000
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Property Description
Client RemarksSleek Cabbagetown Condo for the Urban Dweller! Welcome to your chic new pad in this vibrant community. This spacious 663 sq ft north-facing condo boasts 1+1 bedrooms and 1 bath, designed with a generous open-concept living and dining area perfect for hosting. The separate kitchen offers ample space for culinary mastery, while the versatile second bedroom is ideal for a home office or art studio. Includes; 1 parking spot and 1 locker, Open balcony with city views, Rooftop terrace with BBQs for summer hangouts, 24-hour concierge, gym, sauna, and so much more.You're steps away from the subway, trendy shops, Riverdale Farm, universities, eclectic restaurants, and grocery stores. Embrace the pet-friendly vibes and walk to hotspots like Bloor St, Carlton St, Sherbourne, and Jarvis. Dont miss out on the chance to make this dynamic neighborhood your new home!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-03 | 2024-11-01 | 59 | $579,000 | - | Terminated |
| 2024-07-05 | 2024-09-04 | 61 | $599,000 | - | Terminated |
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,325 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (#C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 8.14' x 7.64' | Stainless Steel Appl, Enclosed, Renovated |
| Living | Flat | 12.24' x 10.40' | Open Concept, Combined W/Dining, Large Window |
| Dining | Flat | 6.36' x 9.74' | O/Looks Living, W/O To Balcony, Large Window |
| Br | Flat | 13.19' x 8.30' | Hardwood Floor, Large Window, Closet |
| 2nd Br | Flat | 11.29' x 7.32' | Hardwood Floor, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
225 Wellesley St E 606 is a 1-bedroom 1-bathroom condo listed for sale at $559,000, which is $11,831 (2.1%) lower than the average sold price of $570,831 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,245 (0.2%) compared to the previous 30 day period (September 23 - October 22) and down $18,306 (3.1%) from the same time one year ago.Inventory Change
There were 1,217 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 23 - November 21), which is down 3.1% compared with the previous 30 day period (September 23 - October 22) and down 5.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,815) (1.7%) below asking price over the last 30 days (October 23 - November 21), which represents a $2,467 increase compared to the previous 30 day period (September 23 - October 22) and ($13,538) 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 (October 23 - November 21) stood at 50.3%, up from 44.5% over the previous 30 days (September 23 - October 22) and up from 34.3% 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 (October 23 - November 21), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Forest Hill Real Estate Inc.
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