$750,000 - 50 Wellesley Street Unit 1506, Cabbagetown
New Construction for Sale in Cabbagetown
40 days on marketNeighbourhood: Church-Yonge Corridor
- MLS Number
- C13564988
- Property Type
- New Construction
- Status
- active
- Days on Site
- 40
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Discover urban living at its finest in this stunning 2-bedroom, 2-bathroom condo located in the heart of downtown Toronto. This spacious 743 sq.ft. unit features a smart open-concept layout, 9-foot ceilings, and floor-to-ceiling windows that offer unobstructed east-facing views and flood the space with natural light. Enjoy the luxury of a full-length private balcony, perfect for relaxing or entertaining, and high-end finishes throughout, including laminate flooring, quartz countertops, an under mount sink, and built-in kitchen appliances.The primary bedroom boasts a modern en-suite bathroom, while the second bedroom offers a closet and sliding doors for added versatility. Located just steps from Wellesley Subway Station and within walking distance to the University of Toronto, Toronto Metropolitan University (Ryerson), top hospitals in the University Health Network, and Torontos vibrant culture and entertainment districts, this condo offers a nearly perfect walk score of 99 and a transit score of 98making it ideal for students, professionals, or anyone who values convenience.Residents will also enjoy an array of premium amenities, including a 24/7 concierge, a fully equipped fitness centre, an outdoor pool, party and game rooms, guest suites, and more. Don't miss this opportunity to live in a prestigious Plaza building that truly has it all.
Estimate your monthly payments for this property
Estimated Payment
$3,847.89/mo
Includes CMHC insurance ($20,925)
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 Church-Yonge Corridor
Church-Yonge 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 Church-Yonge Corridor
- •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
Church-Yonge 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.
50 Wellesley Street Unit 1506, Regent Park / Cabbagetown / St. James Town
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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
Fair Market Value
At $1071/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 40 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.
Efficient Living
At 700 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.
About Church-Yonge Corridor
I know Church-Yonge 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: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,125 (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.