50 Wellesley St E 3708
Church-Yonge Corridor, Downtown Toronto, M4Y 0C8
FOR SALE
$849,000
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Property Description
Welcome to 50 Wellesley St. East in the heart of Downtown Toronto. Open Concept Living. 9Ft Ceilings. Spacious And Extremely Bright 2 Bedroom Condo Unit, Floor To Ceiling Windows, Amazing Views. Laminate Flooring Throughout, Quartz Counters, Stainless Steel Appliances. Unobstructed South/East Views, Large Wrap Around Balcony. Walking Distance To University Of Toronto, Hospitals, Banks, Shopping Centers, Culture & Entertainment District, Etc. 24Hrs Concierge.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2019-08-18 | 2019-08-29 | 11 | $3,500 | $3,500 | Leased |
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Property Features
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$4,113 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (P3)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.74' x 11.48' | Combined W/Dining, W/O To Balcony, South View |
| Dining | Main | 9.74' x 11.48' | Combined W/Living, Laminate, Open Concept |
| Kitchen | Main | 6.89' x 11.48' | Stainless Steel Appl, Quartz Counter, Breakfast Bar |
| Prim Bdrm | Main | 8.99' x 11.32' | 3 Pc Ensuite, Laminate, East View |
| 2nd Br | Main | 8.53' x 9.32' | South View, Laminate, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
50 Wellesley St E 3708 is a 2-bedroom 2-bathroom condo listed for sale at $849,000, which is $105,389 (14.2%) higher than the average sold price of $743,611 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $25,553 (3.3%) compared to the previous 30 day period (November 8 - December 7) and down $42,092 (5.4%) from the same time one year ago.Inventory Change
There were 432 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 8 - January 6), which is down 60.1% compared with the previous 30 day period (November 8 - December 7) and up 17.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,797) (2.7%) below asking price over the last 30 days (December 8 - January 6), which represents a $2,179 decrease compared to the previous 30 day period (November 8 - December 7) and ($25,757) 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 (December 8 - January 6) stood at 69.4%, up from 50.0% over the previous 30 days (November 8 - December 7) and down from 70.7% 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 42 days when successfully sold over the last 30 days (December 8 - January 6), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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