Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Bay Street Corridor. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,000 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.
Welcome to 8 Wellesley St W #3112, Corner Unit in the Heart of Downtown Toronto! This luxury 2 bed + 2 bath + 1 study condo offers upscale urban living with stunning south and east-facing views through large windows. Enjoy your morning coffee with serene views stretching toward Lake Ontario. The open-concept layout features a sleek modern kitchen with built-in appliances, quartz counters, and a stylish backsplash. The spacious primary bedroom includes a 4-piece ensuite and closet, while the second bedroom has its own large window, closet, and access to the second bathroom which is perfect for privacy and comfort. Enjoy top-notch building amenities including a 24-hour concierge, fitness centre, party/meeting room, and a rooftop deck with BBQs and loungers.Just steps to Wellesley subway station, U of T, Toronto Metropolitan University, shops, restaurants, and everyday conveniences.One Locker, One EV Parking($139k)!!
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Carpet Free
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Data-driven valuation for 8 Wellesley Street W 3112, Toronto, ON M4Y 0J5
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Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $849,000 in Toronto, the legal minimum down payment is $59,900 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 $13,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,455 also applies, bringing the total estimated land transfer taxes to $26,910.
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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.