$4,988,000 - 183 Wellington Street Unit 4104, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on market- MLS Number
- C12513306
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Step into a world of refined elegance at this exclusive 2,500 sq. ft. corner residence in the iconic Ritz-Carlton Toronto. Accessed by your own private elevator, this 2 bedroom, 3 bathroom suite embodies timeless sophistication, with finishes that reflect the heritage and grandeur of one of the worlds most celebrated luxury brands. With breathtaking unobstructed southeast views of Toronto's skyline and Lake Ontario, this suite offers a tranquil retreat high above the city. The living and dining areas feature expansive 10ft floor-to-ceiling windows that bathe the space in natural light, an open-concept design with herringbone engineered hardwood and a bespoke gas fireplace framed by a custom porcelain and limestone mantle. The gourmet kitchen boasts premium stainless steel and paneled appliances, stunning light fixtures, marble flooring, centre island with breakfast bar, granite countertops, tile backsplash, undermount lighting and a spacious breakfast area with spectacular south facing views. The primary bedroom offers engineered oak hardwood, a spacious walk-in closet with custom cabinetry and a lavish 5-piece ensuite that includes heated limestone floors, heated towel rack, and granite countertops. The second bedroom provides stunning south-facing views, his-and-her closets, and a private 4-piece ensuite with marble countertops and limestone floors. Living at The Ritz-Carlton means experiencing unparalleled service and amenities through the buildings state-of-the-art fitness center, rejuvenating spa, indoor saltwater pool, hot tub, steam room, sauna, media rooms, party facilities, rooftop terraces, guest suite, private boardroom, on-site restaurants, 24-hour concierge, valet parking, and private elevator access. Nestled in the heart of Toronto's vibrant Entertainment District, just steps from world-class dining, luxury shopping, cultural landmarks, and seamless connectivity through Union Station and PATH system. Schedule a private tour today.
Estimate your monthly payments for this property
Estimated Payment
$22,063.61/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 4104, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $1995/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 160 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $20,783 (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.