$1,049,000 - 62 Wellesley Street Unit 1903, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 3 days agoNeighbourhood: Bay Street Corridor
- MLS Number
- C13517724
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Suite 1903 presents a rare opportunity to own a beautifully updated residence of remarkable scale in one of Toronto's most established boutique buildings. Offering over 1,600 sq.ft., this expansive 2-bedroom plus den, 2-bathroom suite delivers the space of a home with the convenience of elevated condominium living.Perched on the 19th floor, the suite is filled with natural light and showcases sweeping south-facing city views. Thoughtfully updated throughout, the interiors blend timeless sophistication with modern comfort, featuring a renovated kitchen with sleek contemporary finishes, refreshed bathrooms, refinished hardwood floors, smooth ceilings, designer paint, and automated blinds throughout.The generous floor plan is ideal for both everyday living and entertaining. Spacious principal rooms offer exceptional flexibility, while the separate den is perfectly suited as a home office, library, media room, or quiet retreat. The primary suite features a large walk-in closet with custom organizers and an updated ensuite. Built-in speaker wiring throughout the main living areas and primary bedroom further enhances the living experience.Ideally located steps from Yorkville, Bay Street, Queen's Park, and the University of Toronto, Suite 1903 offers an exceptional combination of size, light, and urban convenience.Notable upgrades include automated blinds throughout, updated electrical thermostats, refinished hardwood flooring, fresh paint, updated lighting and outlets, a new countertop in the second bathroom, custom closet organisers in the primary suite, and professionally cleaned bedroom carpeting.Includes 1 parking space and 1 bike storage space.Residents enjoy premium amenities including a 24-hour concierge, fitness centre, squash court, indoor pool, outdoor terrace, secure building access, and abundant visitor parking.
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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 Bay Street Corridor
Bay Street 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 Bay Street Corridor
- •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
Bay Street 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.
62 Wellesley Street Unit 1903, 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 $656/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Bay Street Corridor
I know Bay Street 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.