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    The Star of Downtown

    225 Wellesley Street E

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    184
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    520 - 1,000 SQFT
    Unit Availability:
    Low

    Listing History for The Star of Downtown

    Amenities

    Party Room
    Concierge
    Sauna
    Business Centre
    Car Wash
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 225 Wellesley Street EThe Star of Downtown

    As far as names go — The Star of Downtown might be a little on the nose, but this 12-storey condominium has the amenities and location to live up to its lofty name. Situated at 225 Wellesley St E in the Cabbagetown neighbourhood, this property offers well-finished units at affordable prices.

    225 Wellesley St E provides some nice amenities — gym, sauna, party room, meeting room, rooftop deck with amazing views, and parking garage. There are buildings in the area with offer more in the way of extras, but that is often reflected in higher maintenance fees.

    Whether you’re in the market for a 1 bedroom or a 2 bedroom + den — The Star of Downtown has affordable units in a variety of layouts. This building is an ideal choice for first-time homebuyers and young professionals who want a comfortable home in downtown Toronto, with plenty of nearby options for entertainment and convenient TTC service close-by.

    The Suites

    The Star of Downtown was built in 2009 and is home to 184 modern units; Toronto condos for sale here have desirable features like hardwood floors, granite countertops, stainless steel appliances, ensuite laundry, and private balconies.

    At 225 Wellesley Street suites vary in size from 519 square feet for a 1 bedroom unit to 980 for a 2 bedroom + den; these suites are on the lower end of price per square foot in the city, meaning that prospective buyers get more bang for their buck. All suites are bright and spacious thanks to large windows and open-concept layouts.

    The Star of Downtown is a pet-friendly building, so animal lovers are free to bring along their furry companion; the Rosedale Ravine Lands are not far to your east, ideal for dog owners who love to take their pooch on a long walk.

    The Neighbourhood

    Sitting on the northern edge of Cabbagetown, 225 Wellesley straddles the border between the neighbourhoods of St. James Town and Cabbagetown. The Star of Downtown looks a little out of place next to quiet residential roads like Ontario Street and Becker Street — due to its considerable size — but that just means that residents get the benefit of a quieter area, without sacrificing convenience.

    From your condo at 225 Wellesley, you have great restaurants to your east on Parliament; there’s Red Cranberries Restaurant for seafood and burgers, Butter Chicken Factory for Indian cuisine, Kingyo for Japanese, and Peartree Restaurant for a diverse international menu. If you’re in a hurry and need something quick, you have Subway, Pizza Pizza, and Tim Hortons just around the corner.

    For entertainment, there are pubs nearby such as Alice's Place on Parliament and Stout Irish Pub on Carlton. You can head west to Yonge-Dundas Square for movies and events. The Village isn't far for concerts at Massey Hall, shows at the Ed Mirvish Theatre, or dazzling displays of artistic ability at Gallery Arcturus and Gallery260.

    Shopping enthusiasts can head north to Bloor and enjoy upscale boutiques for Gucci, Prada, Tiffany & co, Brooks Brothers and more. For more selection, you can stroll to Wellesley Station for the subway and arrive at the Eaton Centre in less than 15 minutes.

    Transportation

    225 Wellesley St E has a 94 Walk Score, so residents of this building can complete most errands without a vehicle or public transit; there’s a Food Basics across the street for grocery pickups, and for prescriptions there’s Medicare Drug Mart and Dale's Pharmacy on Parliament.

    Those who rely on public transit have buses right outside their door on Wellesley, and on Parliament, Sherbourne, and Carlton as well.

    Drivers have quick access to the Don valley Parkway by going north on Parliament to Bloor, and then east for the Danforth on-ramp. If you need the QEW, head south to the Lower Jarvis 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
    So frequent, you might accidentally start collecting tickets.
    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
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at The Star of Downtown spend an average of
    36
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    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
    5.4
    YEARS before being sold again

    Property Value

    -18%
    Decrease in property value within the past twelve months

    Price Ranking

    10th
    Highest price per SQFT out of 31 condos in the Cabbagetown area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    The Star of Downtown offers the
    ?
    best value out of 31 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    The Star of Downtown has the
    ?
    highest ROI out of 31 condos in the Cabbagetown neighbourhood

    Rental Yield

    The Star of Downtown yields the
    ?
    highest rent prices out of 31 condos in the Cabbagetown neighbourhood

    High Demand

    The Star of Downtown is the
    ?
    most popular building out of 31 condos in the Cabbagetown neighbourhood

    Transaction Insights at 225 Wellesley Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$450,000$560,000No DataNo Data
    Avg. Cost Per Sqft$749$842No DataNo Data
    Avg. Wait for Unit Availability308 Days113 Days62 Days187 Days
    Ratio of Units in Building15%26%46%14%

    Maintenance Fees

    The Star of Downtown vs The Cabbagetown Area

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