$1,099,999 - 62 Wellesley Street Unit 1801, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on market- MLS Number
- C12250832
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- CENTURY 21 KING`S QUAY REAL ESTATE INC.
Welcome to Queen's Park Place! Boutique building with only 100 suites. Unit 1801 is a sprawling 2-bedroom, 2-bath suite with over 1,580 square feet of living space. The unique floor plan features a retro-chic sunken living room, separate dining area, a large eat-in kitchen, two generously sized bedrooms with 2 full baths and stunning north and south views from two sun-filled sunrooms, both offering clear City views. An abundance of storage throughout includes a kitchen pantry, an extra-large en-suite storage locker, a linen closet, and a 9-foot-wide walk-in closet in the primary bedroom. Multiple temperature control systems are installed in the living room, dining room, bedroom, and sunroom, supported by three HVAC units to ensure optimal comfort throughout the unit, allowing people in different areas to enjoy personalized climate control. The size and scale of this well-designed home offer endless potential. Enjoy a prime location just steps to Queen's Park, University of Toronto, major hospitals, and both Wellesley and Queen's Park subway stations. Surrounded by premier shopping, dining, cultural landmarks, and green spaces. A fantastic opportunity for end-users or investors seeking value, space, and location in one of Toronto's most dynamic neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,865.67/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.
62 Wellesley Street Unit 1801, 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 $786/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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
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 $4,583 (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.