$2,750,000 - 183 Wellington Street Unit 3905, Downtown Toronto
Condo for Sale in Downtown Toronto
128 days on market- MLS Number
- C12830948
- Property Type
- Condo
- Status
- active
- Days on Site
- 128
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
The Residences at The Ritz-Carlton is second to none and this unit offers breathtaking South views of the CN Tower and the Waterfront. Upgraded and well maintained condo with breathtaking views of the CN Tower, Ripleys Aquarium, and the airport from every room. Immaculately clean and thoughtfully designed for comfort and relaxation. Located In The Heart Of Toronto's Financial, Entertainment And Theatre Districts this address offers an unparalleled lifestyle. The Exquisite 1 Bedroom Suite is Meticulously Designed with Approx 1,560 sq ft of Living Space. In Pristine Condition With Real Hardwood Herringbone Floors, Bright and Soaring 10ft Floor to Ceiling Windows. The unit features Designer Bellini Custom Kitchen Cabinetry With Sub-Zero, Wolf & Miele Appliances with A 5-Burner Gas Cooktop, Granite Counter Tops, An Undermount Sink, Water Filtration System, A Centre Island With Undercounter Wine Storage And Spacious Eat-In Kitchen Area. The Grand Bedroom Retreat Includes A 5 piece Ensuite With Glass-Spa Like Shower, Relaxing Deep Soaker Tub & Walk-In Closet. The Ritz-Carlton Experience is Upscale Living At Its Finest. Residents Enjoy Private Entrances And Access To World Class-Star Hotel Amenities with Complimentary Valet Parking and Car Service; 2 Fully-Equipped Fitness Centres, Indoor Saltwater Pool, Hot Tub, Steam Room, Sauna,Media/Meeting Rooms, Party Facilities, Panoramic Rooftop Terraces, Guest suite, Theatre, and 24-hour Real Time Monitored Security. Directly connected to the P.A.T.H - 30Km Underground Walkway. Do not miss this this Rare Opportunity To Acquire This Exceptional World Class Residence At The Ritz Carlton! **EXTRAS** Sky Lobby, Relax By The Fire Or BBQ on the 21st Terrace W/Scenic Lake views. Walk To Toronto's Harbourfront, CN Tower, Rogers Centre, Scotiabank Arena & St Lawrence Market. Close By Drive to Yonge/Bloor street- Yorkville Shopping District.
Estimate your monthly payments for this property
Estimated Payment
$12,164.18/mo
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
183 Wellington Street Unit 3905, 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
Premium Pricing
At $1719/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 128 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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.
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 $11,458 (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.