Eight Wellesley Street East
2Listings for Salefor Sale
0Listings for Rentfor Rent
8 Wellesley St
Eight Wellesley Street East
8 Wellesley Stexpand addresses list
    2Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    99
    Transit Score
    98
    Bike Score
    74
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Shiu Pong
    Condo Completion
    1997
    Property Management
    General Property Management
    Unit Size Range
    400 - 2000 SQFT
    Number of Units
    81
    Number of Storeys
    10

    8 Wellesley St | Eight Wellesley Street East | Toronto, ON

    About this condo

    Condo Overview

    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.

    2

    Listings For Sale

    0

    Listings For Rent

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    Amenities

    Rooftop Deck/Garden
    Security System
    Sauna
    Underground Parking
    Gym
    Recreation Room
    Party/Meeting Room
    Visitor Parking
    Concierge

    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
    Eight Wellesley Street East vs The Village Area

    $32.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Eight Wellesley Street East's Avg
    price per SQFT
    $953
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $921
    / SQFT

    Building Trends At Eight Wellesley Street East

    Days on Market

    Units at Eight Wellesley Street East spend an average of
    25
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    12%
    Increase in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 29 condos in The Village area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value

    Eight Wellesley Street East offers the
    ?
    best value out of 29 condos in neighbourhood

    Return on Investment

    Eight Wellesley Street East has the
    ?
    highest ROI out of 29 condos in neighbourhood

    Rental Yield

    Eight Wellesley Street East yields the
    ?
    highest rent prices out of 29 condos in neighbourhood

    High Demand

    Eight Wellesley Street East is the
    ?
    most popular building out of 29 condos in neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed450 - 652 SQFT
    Average Cost Per Sqft$1,005
    Sales Price Range$480,000 - $615,000
    Rental Price Range$1,650 - $2,150
    2 Bed762 - 1000 SQFT
    Average Cost Per Sqft$745
    Sales Price Range$650,000 - $650,000
    Rental Price Range$1,900 - $2,800
    2 Bed + Den1000 - 1000 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$3,200 - $3,200
    3 Bed1124 - 1124 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$3,600 - $3,600

    How Often Are Units Listed?

    1 Bed400 - 765 SQFT
    Average Sales Availability
    Every171Days
    Average Rental Availability
    Every147Days
    Ratio of Unit Type in Building35%
    1 Bed + Den841 - 841 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building3%
    2 Bed757 - 1660 SQFT
    Average Sales Availability
    Every106Days
    Average Rental Availability
    Every125Days
    Ratio of Unit Type in Building52%
    2 Bed + Den910 - 1800 SQFT
    Average Sales Availability
    Every433Days
    Average Rental Availability
    Every1337Days
    Ratio of Unit Type in Building6%
    3 Bed1124 - 2000 SQFT
    Average Sales Availability
    Every753Days
    Average Rental Availability
    Every875Days
    Ratio of Unit Type in Building6%

    Maintenance Fees
    Eight Wellesley Street East vs The Village Area

    $0.17
    More Expensive
    per SQFT compared to the neighbourhood average
    Eight Wellesley Street East's Avg
    monthly maintenance
    fee per SQFT
    $1.03
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.86
    / SQFT

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