FOR SALE
$1,799,000
391 Wellesley St E, Downtown Toronto
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
391 Wellesley St E
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
7 + 1
ROOMS
C9511881
MLSID
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Property Description
Welcome to 391 Wellesley St E! A stunning 3-storey row house located in the heart of Cabbagetown, one of Toronto's most historic and vibrant neighborhoods. Known for its Victorian architecture and tree-lined streets, Cabbagetown has a rich history dating back to the 1800s, offering a charming backdrop to this character-filled home. This elegant property boasts 2,200 square feet of above-grade living space with soaring 10-foot ceilings on the main floor. With 3+1 bedrooms and 3 bathrooms, this home is ideal for families or professionals seeking a blend of modern comfort and historic charm. The recently updated kitchen is a chefs dream, featuring quartz countertops, a centre island, and stylish pendant lighting, perfect for both everyday living and entertaining. The living space extends to the third floor with a deck that overlooks a beautifully landscaped backyard, complete with garden and sitting areas for relaxation. Situated in a prime location, this home is just minutes from the excellent restaurants and shops on Parliament Street. For nature lovers, Riverdale Farm is approximately half a kilometer away, offering many opportunities for outdoor activities. Additionally, the home features a parking space in the back lane and offers quick access to major transit routes on Parliament Street. Don't miss this exceptional opportunity to own a piece of Toronto history in one of the city's most sought-after neighborhoods!
Extras
Parking is a separate Deeded piece at he rear of the property. Legal description is: PART LOT 1 CONCESSION 1 FTB DESIGNATED AS PART 1, PLAN 66R-23202. CITY OF TORONTO.
Nearby Intersections
Property Details
Property Type
Att/Row/Townhouse, 3-Storey
Lot Size
16' x 93'
Fronting
South
Taxes
$8,093 (2024)
Basement
Part Fin
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.99' x 17.32'Brick Fireplace, Hardwood Floor, Open Concept
DiningMain9.51' x 13.52'Pot Lights, Hardwood Floor, Open Concept
KitchenMain11.19' x 17.49'Quartz Counter, W/O To Deck, O/Looks Garden
Prim Bdrm2nd13.25' x 16.57'Semi Ensuite, Large Closet, Large Window
3rd Br2nd10.01' x 10.83'Bay Window, O/Looks Garden, Hardwood Floor
Bathroom2nd9.32' x 12.76'Soaker, Double Sink, Separate Shower
2nd Br3rd14.01' x 16.67'Hardwood Floor, Large Window, Closet
Family3rd14.01' x 15.26'Hardwood Floor, W/O To Deck, Large Window
BrBsmt12.01' x 17.75'Broadloom, Pot Lights
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
391 Wellesley St E is a 3-bedroom 3-bathroom townhome listed for sale at $1,799,000, which is $715,706 (66.1%) higher than the average sold price of $1,083,294 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom townhome in Downtown Toronto increased by $70,319 (6.9%) compared to the previous 30 day period (September 1 - September 30) and down $26,779 (2.4%) from the same time one year ago.
Inventory Change
There were 310 3-bedroom townhomes listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 5.2% compared with the previous 30 day period (September 1 - September 30) and up 18.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in Downtown Toronto typically sold $31,534 (2.9%) above asking price over the last 30 days (October 1 - October 30), which represents a $18,779 increase compared to the previous 30 day period (September 1 - September 30) and $6,165 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 3-bedroom townhomes in Downtown Toronto over the last 30 days (October 1 - October 30) stood at 43.9%, up from 32.4% over the previous 30 days (September 1 - September 30) and up from 38.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom townhome in Downtown Toronto stood at 20 days when successfully sold over the last 30 days (October 1 - October 30), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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