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    Eight Wellesley Street East

    8 Wellesley Street

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    10
    Number of Units:
    81
    Condo Completion:
    1997
    Condo Demand:
    High
    Unit Size Range:
    400 - 2,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Eight Wellesley Street East

    Amenities

    Party Room
    Indoor Parking
    Rooftop Deck
    Sauna
    Gym Room
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 8 Wellesley StreetEight Wellesley Street East

    If you have been looking for a centrally located building to call home, then Eight Wellesley Street East should be on your list. Built in 1997, Eight Wellesley Street East is a well-located 10-storey condominium in Toronto’s LGBTQ+ Village area. With a condo in this building you are close to trendy cafes, great restaurants, a vibrant nightlife — all within a diverse and inclusive community.

    Eight Wellesley Street East offers some convenient extras to residents: gym, sauna, rooftop terrace with barbeques, party room, meeting room, security guard, concierge, and parking garage.

    Toronto condos for sale in this building are ideal for individuals who want to be immersed in city-life as soon as they leave their lobby doors.

    The Suites

    Downtown Toronto condos at Eight Wellesley Street East follow a variety of different layouts for 1 bedroom, 2 bedroom, and 3 bedroom units. Suite sizes range from cozy 550 square foot 1 bedroom condos, to spacious 2000 Square foot 3 bedroom penthouses.

    Many units in this building have seen their share of personalization over the years, so finishes can vary quite a bit. All units have ten foot ceilings — 12 foot for the penthouse — most have balconies, fireplaces, hardwood and tile floors, and kitchens with breakfast bars.

    The Neighbourhood

    Whether you call it The Village or The Church Street Corridor, this neighbourhood is renowned for its inclusive environment — not surprising given its prominent place in the LGBTQ+ community. People of all walks of life call this neighbourhood home, so new residents can rest easy knowing that they too will be welcome. Beyond the community itself, there are some incredible perks that come with this location — cafes, restaurants, shopping, nightlife, and convenient public transit service are all close-by.

    If you cannot open your eyes in the morning without a freshly brewed coffee, then you won’t have to stumble very far to get a caffeinated boost; Eight Wellesley Street has a Starbucks on the ground floor and a Tim Hortons across the street, but if you want something more unique — there is The Alley, Aroma Espresso Bar, Riddle Room, and Sharetea, all within a 2 block radius.

    With a condo in the Church Street Corridor you have no shortage of restaurants to choose from — whether you’re looking for fine-dining, a casual eatery, or fast food. For a more upscale dining experience, check out Nando’s Bay Street for flame-grilled chicken, Carmen’s Steak House on Alexander, and Blu Ristorante on Yorkville Avenue. If you desire a casual vibe, there’s Hero Certified Burgers on Bay, The Fry on Yonge Street, and The Captain's Boil for seafood. For a quick bite when you’re in a hurry, there is Pizza Pizza, Wendy’s, McDonald’s, and more.

    For shopping and entertainment, the Eaton Centre and Yonge-Dundas Square are just a short subway ride away — home to hundreds of stores and a Cineplex. Nightlife is ample in this area, as Yonge and Church are both home to a large selections of clubs and local watering holes; there are cozy pubs like Hair Of The Dog Neighbourhood Pub & Restaurant, places to watch the big game like Fox and Fiddle, and lively dance floors such as Club 120.

    If you need some nature in your life, you may be shocked by how many green spaces are in your area; James Canning Gardens is to the north, East of Bay Park is to the south, and beautiful Queen’s Park is to your west — a great location to stretch out in the grass or meander your way through a tree-shrouded path. For groceries and the essentials — there's a Rabba Fine Foods 2 blocks west on Wellesley, a Metro on Yonge, and a Sobeys Urban Fresh Bay Street just 5 minutes away.

    Transportation

    Eight Wellesley Street East has an enviable Walk Score of 99; residents of this fantastic community can take in the sights and sounds of the Church Street Corridor while running their errands on foot. This is a popular area for bikers, as there are many bike-friendly streets nearby and designated lanes on Wellesley and Sherbourne.

    Those who rely on public transit have buses and streetcars in the area, and Wellesley Station is a 2 minute walk from the lobby doors at 8 Wellesley.

    Drivers can reach the nearest highways by heading east on Bloor to the Danforth on-ramp, and south on Yonge for the Gardiner Expressway.

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    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    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
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at Eight Wellesley Street East spend an average of
    7
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    5.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    19th
    Highest price per SQFT out of 32 condos in The Village area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

    Eight Wellesley Street East offers the
    ?
    best value out of 32 condos in neighbourhood

    Appreciation Rank

    Eight Wellesley Street East has the
    ?
    highest ROI out of 32 condos in neighbourhood

    Rental Yield

    Eight Wellesley Street East yields the
    ?
    highest rent prices out of 32 condos in neighbourhood

    High Demand

    Eight Wellesley Street East is the
    ?
    most popular building out of 32 condos in neighbourhood

    Transaction Insights at 8 Wellesley Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$667,000$767,000No DataNo Data
    Avg. Cost Per SqftNo Data$797$778No DataNo Data
    Avg. Wait for Unit Availability152 Days536 Days114 Days943 Days1124 Days
    Ratio of Units in Building34%7%47%6%8%

    Maintenance Fees

    Eight Wellesley Street East vs The Village Area

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