225 Wellesley St E 701
FOR SALE
$798,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
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Property Description
Nestled within the most sought after Downtown location. This Two-Bedroom, Two-Bathroom bright and spacious 959 sqft unit embodies the pinnacle of modern living with open balcony with unobstructed views. Modern functional layout with open concept living room bathed in natural light. Kitchen features modern s/s appliances, quartz countertop creating an ideal setting for entertaining. Large master bedroom includes two closets with luxurious 5pc ensuite with soaking tub and a separate enclosed shower. The second bedroom with full closet with access to the balcony where you can savor your morning coffee or enjoy evening sunsets. Great south views of the city, fantastic amenities such as 24 hour security, fitness room, car wash, steam room, party room, library room, visitor parking and the breathtaking rooftop terrace on the 12th floor. Close proximity to public transit, grocery, restaurants, parks and various amenities. This location is perfectly tailored for those who seek sophistication and convenience in the heart of the city.
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Nearby Intersections
Property Features
Library, Place Of Worship, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,758 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (Level C)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 6.99' x 10.01' | Stainless Steel Appl, Granite Counter, Breakfast Bar |
Living | Main | 9.74' x 19.69' | Large Window, Open Concept, Laminate |
Dining | Main | 9.74' x 19.69' | Combined W/Living, Laminate |
Prim Bdrm | Main | 9.09' x 16.01' | 5 Pc Ensuite, Large Window |
2nd Br | Main | 8.99' x 12.01' | W/O To Balcony, Large Window, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
225 Wellesley St E 701 is a 2-bedroom 2-bathroom condo listed for sale at $798,000, which is $31,926 (4.2%) higher than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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