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For SaleDowntown CondosEst Sell Timeframe 16 Days
$599,000
1 Bed
1 Bath
0 Parking
646 SQFT
16 Days on Strata
Listing History
Unit Highlights
Property Type:
Soft Loft
Cost Per Sqft:
$927/sqft
Maintenance Fees:
$603/mth
Taxes:
$2,798 (2023)
Locker:
Owned
Outdoor Space:
Juliet Balcony
Exposure:
South
Possession Date:
Immediately
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Water
Building Maintenance
Building Insurance
Excluded
Hydro
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- No
Room Dimensions
Living
Laminate, Combined with Dining, Juliette Balcony
0 x 0ft
Dining
Laminate, Combined with Living, Open Concept
0 x 0ft
Kitchen
Laminate, Stainless Steel Appliances, Backsplash
0 x 0ft
About this Listing
Step into one of Toronto's most coveted boutique residences, The Downtown Condos at 508 Wellington St.W. This spacious 1-bedroom, 1-bathroom unit, with floor to ceiling south-facing windows offers 646 square feet of open-concept, modern living space. Nestled in the vibrant heart of King West, enjoy the convenience of being mere steps away from the bustling Entertainment District with the city's best restaurants and nightlife, Toronto's newest multi-use hot spot The Well, public transportation, and easy highway access for your daily commute.!
royal lepage signature realtyMLS® #C8235626
Amenities
Rooftop Deck
Concierge
Bike Storage
BBQ
Media Room
Party 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%
Price Trends
Building Trends At Downtown Condos
Days on Strata
Units at Downtown Condos spend an average of
39
Days on Strata
based on recent sales
List vs Selling Price
On average, these lofts sell for
5%
below
the list price.
Offer Competition
Lofts in this building have a
LOWchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
6.8
YEARS before being sold againProperty Value
-1%
Decrease in property value within the past twelve months
Price Ranking
46th
Highest price per SQFT out of 98 condos in the King West area
Sold Units
2
Units were Sold over the past twelve months
Rented Units
14
Units were Rented over the past twelve months
Best Value Rank
Downtown Condos offers the best value out of 98 condos in the King West neighbourhood
?
Appreciation Rank
Downtown Condos has the highest ROI out of 98 condos in the King West neighbourhood
?
Rental Yield
Downtown Condos yields the highest rent prices out of 98 condos in the King West neighbourhood
?
High Demand
Downtown Condos is the most popular building out of 98 condos in the King West neighbourhood
?
Transaction Insights at 508 Wellington Street W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
---|---|---|---|---|---|---|
Price Range | No Data | $825,000 | No Data | No Data | $995,000 | No Data |
Avg. Cost Per Sqft | No Data | $1,067 | No Data | No Data | $954 | No Data |
Price Range | No Data | $2,000 - $3,050 | No Data | $6,000 | No Data | No Data |
Avg. Wait for Unit Availability | No Data | 73 Days | 913 Days | No Data | 482 Days | 1327 Days |
Avg. Wait for Unit Availability | 317 Days | 30 Days | No Data | 383 Days | 273 Days | No Data |
Ratio of Units in Building | 4% | 74% | 5% | 7% | 10% | 3% |
Maintenance Fees
Downtown Condos vs The King West Area