$399,000 - 159 Wellesley Street Unit 1010, Cabbagetown
Condo for Sale in Cabbagetown
153 days on market- MLS Number
- C12755824
- Property Type
- Condo
- Status
- active
- Days on Site
- 153
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX WEST REALTY INC.
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.
Estimate your monthly payments for this property
Estimated Payment
$2,047.08/mo
Includes CMHC insurance ($11,132)
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 Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Regent Park / Cabbagetown / St. James Town 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.
159 Wellesley Street Unit 1010, Regent Park / Cabbagetown / St. James Town
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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
Negotiation Opportunity
At 153 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.