159 Wellesley Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Cabbagetown-South St. James Town. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $399,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover smart downtown living at 159 Wellesley Street East. This bright, modern suite offers a highly functional layout that feels larger than its footprint, enhanced by high ceilings, floor-to-ceiling windows, and unobstructed city views. A clean, carpet-free interior is paired with a contemporary kitchen featuring built-in appliances and sleek finishes-perfect for efficient, modern living.Ideally suited for young professionals, students, or investors, this residence is located just minutes from the University of Toronto (St. George Campus) and Toronto Metropolitan University, with easy walking access to both the Yonge-Wellesley and Bloor-Sherbourne subway lines. Enjoy immediate access to cafés, restaurants, grocery stores, parks, hospitals, and everyday urban conveniences. With pricing that makes ownership more compelling than renting, this is a rare opportunity to secure a downtown home, build equity, and enjoy long-term value at a cost comparable to monthly rent. Residents enjoy premium amenities including 24-hour concierge, Wi-Fi lounge, guest suites, billiards and games room, bicycle storage, indoor fitness studio, yoga studio with zen-inspired sauna, outdoor fitness areas, and a unique 360-degree rooftop running track. A true turnkey opportunity in the heart of Toronto's downtown core.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Other, Part Cleared, Public Transit, Rec./Commun.Centre
Interior Features
Carpet Free
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 159 Wellesley Street E 1010, Toronto C08, ON M4Y 0H5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $399,000 in Toronto, the legal minimum down payment is $19,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,460 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,460 also applies, bringing the total estimated land transfer taxes to $8,920.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
