$830,000 - 15 Wellesley Street Unit 318-319, Downtown Toronto
New Construction for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
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- MLS Number
- C13775884
- Property Type
- New Construction
- Status
- active
- Days on Site
- 25
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,170 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $15,326
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
Prime Downtown Toronto Office Opportunity At 15 Wellesley St W! Units 318 & 319 (Units 18 & 19) Are Being Offered Together, Featuring A Functional And Versatile Office Layout In A Approximately 4-Year-Old Building At One Of The Most Coveted Downtown Locations. Just Steps To Wellesley Subway Station, Yonge Street, And The Vibrant Yonge & Wellesley Corridor, Surrounded By Major Condo Residences, Restaurants, Cafés, Shops, And Everyday Amenities.All Office Units Are Located On The 2nd And 3rd Floors Of A 60-Storey Residential Building, With A Separate Lobby And Dedicated Elevators Serving The Commercial Office Floors, Providing Excellent Privacy And Convenience For Office Users And Clients.The Building Is Home To A Strong Mix Of Professional And Medical-Oriented Businesses, Including Regus, Bay & Wellesley Dental, Plastic Skin Surgery Clinic, The Mortgage Centre, And Afiya Pharmacy, Adding To The Building's Established Professional Environment.Two Underground Parking Spaces Included. Currently Operated As A Pilates Studio; Buyer To Assume The Existing Tenant, Offering An Immediate Investment Opportunity With Existing Tenancy In Place.A Rare Opportunity To Own Two Adjacent Commercial Office Units In The Heart Of Downtown Toronto - Ideal For Investors, Professional Users, Medical/Wellness Operators, Or End Users Seeking A Prime Yonge & Wellesley Location.Excellent Location. Established Professional Building. Two Units Combined. Two Parking Spaces. Don't Miss This Opportunity!
Estimate your monthly payments for this property
Estimated Payment
$4,258.33/mo
Includes CMHC insurance ($23,157)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Bay Street Corridor
Bay Street Corridor is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Bay Street Corridor
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Bay Street Corridor offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Wellesley Street Unit 318-319, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $709/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
About Bay Street Corridor
I know Bay Street Corridor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.