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    2603 - 183 Wellington Street W

    For SaleResidences of The Ritz Carlton
    $2,149,000
    Price Cut: $2,259,000
    1 Bed
    2 Bath
    1 Parking
    1,675 SQFT
    180 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $1,283/sqft
    Maintenance Fees:
    $2,549/mth
    Taxes:
    $8,695 (2023)
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North East
    Possession Date:
    Immediately
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning
    Water

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    Yes

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Fireplace
    27.56 x 17.13ft
    Dining
    Combined with Living, Hardwood Floor, Pot Lights
    27.56 x 17.13ft
    Kitchen
    Eat-In Kitchen, Centre Island, Breakfast Area
    18.93 x 14.76ft

    About this Listing

    A Beautiful Bright Corner Residence at the Luxurious Ritz-Carlton 5-Star Hotel! Stunning Executive Suite with Direct Private Access Elevator into Your Own Foyer. The Suite is Approx 1675sqft and has 10' Floor-to-Ceiling Windows to Accentuate an Amazing North East Exposure and City Views. Wonderfully Sized Living and Dining Room with Gas Fire and Solid Surround. Designer Bellini Custom Kitchen Cabinetry With Sub-Zero, Wolf & Miele Appliances With A Professional 5-Burner Gas Cooktop, Granite Counter Tops, An Undermount Sink, Water Filtration System, A Centre Island with Breakfast Bar, Undercounter Wine Fridge, and Space for a Kitchen Table and Chairs. Herringbone Hardwood, Granite, and Marble Throughout. Large East-Facing Bedroom with Walk-In Closet and Luxury Spa-Like 5 Piece En-suite. Best-in-Class Concierge, Doorman, and Valet Parking, As Well As Full Access To All the Hotel Amenities Including Spa, Fitness Centre, Pool, and Room Service.

    ExtrasLarge Laundry/Utility/Storage Room W/Service Entrance, 1 Parking, 1 Locker, 21st Floor Terrace Lounge and Tea/Coffee Bar. Hotel amenities, guest suite, world-class spa, party, meeting room, gym, indoor pool, sauna, carwash.

    sotheby`s international realty canadaMLS® #C7279480


    Amenities

    Visitor Parking
    Car Wash
    Rooftop Deck
    Gym Room
    Concierge
    Media Room

    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Units at Residences of The Ritz Carlton spend an average of
    85
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    9%
    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
    5.8
    YEARS before being sold again

    Property Value

    30%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 98 condos in the King West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    18
    Units were Rented over the past twelve months

    Best Value Rank

    Residences of The Ritz Carlton offers the
    ?
    best value out of 98 condos in the King West neighbourhood

    Appreciation Rank

    Residences of The Ritz Carlton has the
    ?
    highest ROI out of 98 condos in the King West neighbourhood

    Rental Yield

    Residences of The Ritz Carlton yields the
    ?
    highest rent prices out of 98 condos in the King West neighbourhood

    High Demand

    Residences of The Ritz Carlton is the
    ?
    most popular building out of 98 condos in the King West neighbourhood

    Transaction Insights at 183 Wellington Street W

    Studio1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$2,260,000$5,100,000$6,750,000No DataNo Data
    Avg. Cost Per SqftNo Data$1,561$2,366$2,921No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data107 Days107 Days317 Days1215 Days312 Days
    Ratio of Units in Building1%33%48%11%4%6%

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