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    901 - 508 Wellington Street W

    For SaleDowntown Condos
    $649,000
    1 Bed
    1 Bath
    0 Parking
    650 SQFT
    14 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Cost Per Sqft:
    $998/sqft
    Maintenance Fees:
    $602/mth
    Taxes:
    $2,752 (2023)
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North West
    Possession Date:
    May 8, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    No

    Room Dimensions

    Living
    16.9 x 14.8ft

    About this Listing

    Welcome to 508 Wellington, Your Urban Oasis Nestled in the Heart of Toronto's vibrant Entertainment District. This Boutique Gem Unveils a Rarely Available, Bright, and Spacious One-bedroom Corner unit, Boasting 646 Sq ft of Open-concept Living, Illuminated By Northwest Views. Situated In The Lively King West Neighbourhood. Enjoy all King West Has To Offer Trendy Cafes, Prestigious Michelin Star Restaurants, The GroundBreaking Well Project - A Beacon Of Innovation and Community, Exclusive Shopping experiences ,Cutting Edge Fitness Facilities Fitness, & Public Transportation

    ExtrasAll Appliances (Fridge, Cooktop, Oven, Microwave, Dishwasher, Washer, Dryer)All Appliances (Fridge, Cooktop, Oven, Microwave, Dishwasher, Washer, Dryer)

    core assets real estateMLS® #C8249746


    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%

    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
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.8
    YEARS before being sold again

    Property 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

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed + Den
    Price RangeNo Data$825,000No DataNo Data$995,000No Data
    Avg. Cost Per SqftNo Data$1,067No DataNo Data$954No Data
    Avg. Wait for Unit AvailabilityNo Data73 Days913 DaysNo Data482 Days1327 Days
    Ratio of Units in Building4%74%5%7%10%3%

    Maintenance Fees

    Downtown Condos vs The King West Area

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