Residences of The Ritz Carlton
4Listings for Salefor Sale
7Listings for Rentfor Rent
183 Wellington St W
Residences of The Ritz Carlton
183 Wellington St Wexpand addresses list
    4Listings for Salefor Sale
    7Listings for Rentfor Rent
    Walk Score
    98
    Transit Score
    100
    Bike Score
    73
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    low
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Graywood Developments Ltd
    Condo Completion
    2011
    Property Management
    Ritz Carlton Property Management
    Unit Size Range
    1255 - 6020 SQFT
    Number of Units
    158
    Number of Storeys
    52

    183 Wellington St W, Toronto

    About this condo

    Condo Overview

    First there are condos built within hotels, and then there are the Residences of the Ritz Carlton. And in terms of condo living, it doesn’t get all that much more luxurious than this.

    The 52-storey mixed-use structure at 183 Wellington Street West serves two purposes: to pamper its star-studded lineup of hotel guests, and to please its long-term residents. Built in 2011, the building manages to feel exclusive regardless of its size, since only 158 King West condos are actually available for purchase here.

    The first 20 floor make up the Ritz Carlton Toronto hotel, with the residences located above. Thankfully, the building has a separate entrance just for residents — especially handy for when paparazzi are outside the hotel lobby, waiting for Benedict Cumberbatch to leave for the day.

    For those who prefer to stay away from the spotlight, there's plenty of separation between residents and hotel guests. For example, the lounge and terrace on the 21st storey is only for homeowners living at the Residences of the Ritz Carlton Condos.

    However, when residents decide they do want celebrity sightings in their lives, they will simply need to head over to the hotel lounge, known as DEQ.

    Toronto condos for sale at 183 Wellington Street have attracted many buyers who work in the financial field, perhaps because they are so large and luxurious and one needs that kind of salary to be able to afford a place here.

    Residents who do decide to shell out the cash for a spot in the building also benefit from hotel-style perks, such as room service, a cleaning service, 24-hour valet, a spa and pool, and of course a colossal ballroom.

    Friends of residents are in luck as well, thanks to the guest suites available to owners. But the amenities don’t stop there: residents also have access to a concierge, visitor parking, gym, party room, sauna, cinema room, and meeting room, as well as direct access to the PATH and subway.

    The Suites

    With units starting at approximately 1,200 square feet, there are no small spaces at 183 Wellington Street West. In fact, these downtown Toronto condos range from comfortable to colossal, with the largest homes in the building spanning around 11,000 square feet.

    Sometimes, one’s location within a building makes all the difference. At the Residences of the Ritz Carlton, units that grace the uppermost levels afford their residents clear views of the CN Tower and Lake Ontario, with corner units boasting panoramic vistas of the city below. Some might want to invest in a pair of binoculars, since they will be able to see right into the Rogers Centre — when the dome is open of course.

    While floor-to-ceiling windows can be found throughout the homes at 138 Wellington West, even large and luxurious suites don’t necessarily come with private outdoor spaces. For this reason, those who love spending time outdoors will need to head over to the residents’ lounge for sunbathing or dining al fresco.

    Unsurprisingly, these homes are finished with elegant materials like hardwood and marble. Elegant kitchens, massive bedrooms, and high ceilings can also be expected in all units. Homes start with two bedrooms and only grow from there, with one spectacular condo boasting 4 bedrooms, 3 bathrooms, a library, and 2 parking spaces.

    The Neighbourhood

    Residents living at 183 Wellington Street West better love city life, because it doesn’t really get more central than this.

    And they don’t call it the Entertainment District for nothing: the attractions surrounding the Residences of the Ritz Carlton are so abundant they are hard to count. Within a short walk, residents can reach the Rogers Centre and the Scotiabank Arena for concerts and sporting events, the CN Tower, the Ripley’s Aquarium, and the Harbourfront Centre and Power Plant Contemporary Art Gallery.

    For more refined evenings on the town, those living at 183 Wellington West can head up to King Street for a live show at the Royal Alexandra or Princess of Wales Theatre, or a Toronto Symphony Orchestra performance at Roy Thompson Hall.

    When the pantry is running low, residents can head over to the Longo’s Maple Leaf Square, which takes around 10 minutes to reach on food. A little farther off — but worth the trek for its quality — is the Saks Food Hall by Pusateri’s, located at the corner of Queen and Yonge.

    Green spaces are also abundant, with Roundhouse Park, HTO Park, Clarence Square Park, and David Pecaut Square all within walking distance of 183 Wellington Street West.

    Transportation

    For those who prefer to forgo driving — and therefore the all too common downtown traffic jams — the subway is thankfully just around the corner. The PATH provides residents with direct access to the subway, and also acts as a way to get around the city on foot without having to go outside.

    St. Andrew Station takes about 6 minutes to reach, with a trip to Union Station taking just a few minutes more. From either of these, subway trains heading north or south will transport travelers to numerous areas around the city.

    Drivers can quickly hop onto the Gardiner Expressway, making a ride east or west as painless as can be.

    7

    Listings For Rent

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    Amenities

    Rooftop Deck/Garden
    Guest Suites
    Party/Meeting Room
    Gym
    Indoor Pool
    Recreation Room
    Underground Parking
    Concierge
    Business Centre
    Sauna
    Visitor Parking
    Media Room

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Residences of The Ritz Carlton vs The King West Area

    $393.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Residences of The Ritz Carlton's Avg
    price per SQFT
    $1,423
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,030
    / SQFT

    Building Trends At Residences of The Ritz Carlton

    Days on Market

    Units at Residences of The Ritz Carlton spend an average of
    60
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a

    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -19%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 91 condos in the King West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    21
    Units were Rented over the past twelve months

    Best Value

    Residences of The Ritz Carlton offers the
    ?
    best value out of 91 condos in the King West neighbourhood

    Return on Investment

    Residences of The Ritz Carlton has the
    ?
    highest ROI out of 91 condos in the King West neighbourhood

    Rental Yield

    Residences of The Ritz Carlton yields the
    ?
    highest rent prices out of 91 condos in the King West neighbourhood

    High Demand

    Residences of The Ritz Carlton is the
    ?
    most popular building out of 91 condos in the King West neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed1255 - 1700 SQFT
    Average Cost Per Sqft$1,356
    Sales Price Range$1,687,500 - $2,300,000
    Rental Price Range$5,400 - $8,250
    2 Bed1400 - 2375 SQFT
    Average Cost Per Sqft$1,556
    Sales Price Range$2,175,000 - $2,785,000
    Rental Price Range$6,000 - $12,000
    2 Bed + Den2000 - 2557 SQFT
    Average Cost Per Sqft$1,495
    Sales Price Range$3,500,000 - $3,500,000
    Rental Price Range$11,750 - $18,000
    3 Bed + Den2800 - 2800 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$15,000 - $15,000

    How Often Are Units Listed?

    Studio
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%
    1 Bed1255 - 1700 SQFT
    Average Sales Availability
    Every108Days
    Average Rental Availability
    Every42Days
    Ratio of Unit Type in Building32%
    2 Bed1255 - 2534 SQFT
    Average Sales Availability
    Every81Days
    Average Rental Availability
    Every38Days
    Ratio of Unit Type in Building50%
    2 Bed + Den2000 - 3300 SQFT
    Average Sales Availability
    Every254Days
    Average Rental Availability
    Every195Days
    Ratio of Unit Type in Building11%
    3 Bed3418 - 3418 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building3%
    3 Bed + Den2800 - 3400 SQFT
    Average Sales Availability
    Every312Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building5%

    Maintenance Fees
    Residences of The Ritz Carlton vs The King West Area

    $0.33
    More Expensive
    per SQFT compared to the neighbourhood average
    Residences of The Ritz Carlton's Avg
    monthly maintenance
    fee per SQFT
    $0.91
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.58
    / SQFT

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