55 Wellesley Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Church-Yonge Corridor. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1400-1599 sqft
- 2.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Built-In Oven, Storage
- equipped with central air central cooling and highly efficient heat pump heating via electric
Description
Beautifully renovated condo in a highly sought-after boutique building in the vibrant Church and Wellesley corridor. This rare offering showcases a bright, open-concept layout featuring a chef-inspired kitchen with ample counter space, open shelving, and additional storage, seamlessly flowing into a spacious dining area that can easily accommodate seating for ten. The generous living room is ideal for both everyday living and entertaining, extending into an enclosed balcony perfect for relaxing year-round. Two exceptionally spacious bedrooms include a primary retreat with room for a king-sized bed and a walk-in closet.Thoughtfully designed for modern living, the suite also offers two updated bathrooms with heated floors, a dedicated laundry room with added storage, and a highly functional floor plan that maximizes both space and comfort.Ideally situated just steps from shopping, dining, and the energy of this popular neighbourhood, the building features excellent amenities, including a rooftop deck, visitor parking, private EV charging, and a rare underground car wash.
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Property History
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Pricing & Value Insights
Data-driven valuation for 55 Wellesley Street E 505, Toronto C08, ON M4Y 2T6
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 $899,000 in Toronto, the legal minimum down payment is $64,900 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 $14,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,455 also applies, bringing the total estimated land transfer taxes to $28,910.
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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.