50 Wellesley St E 902
Church-Yonge Corridor, Downtown Toronto, M4Y 0C8
FOR SALE
$869,900
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BEDROOMS2
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Property Description
Situated at the Wellesley Subway Station, this property boasts an unparalleled location with remarkable convenience. Just steps away from the University of Toronto and Toronto Metropolitan University, it also offers a quick walk to the Financial District, grocery stores, YMCA, and IKEA. This unique location is perfect for both homeowners and investors.This spacious 710 sq. ft. unit features floor-to-ceiling windows and a well-designed layout with two bedrooms that ensure privacy. Recently painted, the unit includes an open-concept kitchen with a backsplash and granite countertop, a full-size French door refrigerator, a full-size dishwasher, and a full-size washer and dryer. Building amenities include a gym, outdoor pool, meeting room, party room, guest suite, and BBQ terrace.
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Extras
Fridge, Stove, Microwave over the Range, Dishwasher, Washer and Dryer, All Light Fixture, Vertical Window Coverings
Nearby Intersections
Property Features
Hospital, Library, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$3,705 (2024)
Basement
None
Exterior
Concrete
Heat Type
Fan Coil
Heat Source
Electric
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 16.99' x 11.68' | Combined W/Dining, Laminate, B/I Appliances |
| Living | Flat | 16.99' x 11.68' | Combined W/Dining, Laminate, W/O To Balcony |
| Dining | Flat | 16.99' x 11.68' | Combined W/Living, Laminate, Window Flr to Ceil |
| Prim Bdrm | Flat | 9.25' x 11.48' | Window Flr to Ceil, Mirrored Closet, 3 Pc Ensuite |
| 2nd Br | Flat | 9.74' x 8.99' | Window Flr to Ceil, B/I Closet, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
50 Wellesley St E 902 is a 2-bedroom 2-bathroom condo listed for sale at $869,900, which is $103,567 (13.5%) higher than the average sold price of $766,333 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $21,110 (2.7%) compared to the previous 30 day period (July 9 - August 7) and down $23,860 (3.0%) from the same time one year ago.Inventory Change
There were 1,153 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 8 - September 6), which is down 13.5% compared with the previous 30 day period (July 9 - August 7) and up 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($17,498) (2.3%) below asking price over the last 30 days (August 8 - September 6), which represents a $1,786 increase compared to the previous 30 day period (July 9 - August 7) and ($12,082) 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 2-bedroom condos in Downtown Toronto over the last 30 days (August 8 - September 6) stood at 38.3%, up from 35.4% over the previous 30 days (July 9 - August 7) and down from 43.8% 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 30 days when successfully sold over the last 30 days (August 8 - September 6), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Bay Street Group Inc.
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