508 Wellington St W 611

FOR SALE
$525,000
508 Wellington St W 611, Downtown Toronto
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
508 Wellington St W 611
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C9364144
MLSID
Contact Us
Property Description
Have you ever wanted to live in a community that has EVERYTHING at your fingertips? Well, this dream can be your reality. Experience urban living in this trendy 11-storey boutique building, in the heart of vibrant King West. Located in a vibrant and fun neighbourhood, featuring access to fabulous restaurants, lively nightclubs, and the jaw dropping features of The Well. Sun filled south facing open-concept 1-bedroom unit with modern finishes throughout. If you need extra storage, this unit comes with a locker. Enjoy urban living in this stunning building today!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-09-17 2020-10-03 16 $1,650 $1,650 Leased
2020-09-02 2020-10-01 29 $500,000 - Terminated
Extras
S/S Stove, Dishwasher, Built in Fridge, Washer/Dryer, Locker
Nearby Intersections
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,318 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain10.24' x 11.12'Combined W/Dining, Large Window
DiningMain8.66' x 10.86'Combined W/Kitchen, Large Window
KitchenMain8.66' x 10.86'Combined W/Dining, Stone Counter
BrMain10.53' x 11.12'Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
508 Wellington St W 611 is a 1-bedroom 1-bathroom condo listed for sale at $525,000, which is $44,236 (7.8%) lower than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.
Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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