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 brick construction, this residence presents an exceptional opportunity offered at $499,900 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Experience the pinnacle of urban living in this exquisite 1+1 condo located at 159 Wellesley Street East, a prime location in downtown Toronto. This less-than-3-year-old, fully furnished unit is move-in ready, making it perfect for both investors and end users. Enjoy a private balcony with breathtaking city skyline views, ideal for morning coffee or evening sunsets. The primary bedroom features an ensuite bathroom and large windows, flooding the space with natural light. A spacious den offers the flexibility to be used as a home office or guest room, catering to your modern lifestyle needs. Convenience is at your doorstep with a nearby park for leisure and a vibrant cityscape offering a plethora of restaurants, grocery stores, and amenities. Just a short walk to the Yonge/Wellesley and Bloor/Sherbourne subway stations, this condo ensures seamless connectivity throughout the city. Don't miss the opportunity to embrace an unparalleled urban lifestyle in this sophisticated downtown haven.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 159 Wellesley Street E 305, 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 $499,900 in Toronto, the legal minimum down payment is $24,995 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 $6,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,473 also applies, bringing the total estimated land transfer taxes to $12,946.
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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.
