PH7-8 Wellesley Street For Sale

Toronto, Church-Yonge Corridor, M4Y 3B2

$1,690,000

Description

Listed by ENGEL & VOLKERS OAKVILLE.

Looking for a RARE investment opportunity or a stunning spacious Penthouse Loft to call home in the heart of the city? This stunning 2+1 Bed Penthouse loft, nestled at Yonge and Wellesley, presents a rare chance to indulge in urban sophistication. Boasting 1,507 sq.ft of exquisite space, this boutique condo offers an unparalleled blend of style, comfort, and convenience. Designed with the discerning investor in mind, this property presents a lucrative opportunity for short-term rentals and generated $111,936 in AirBnb bookings in 2023.8 Wellesley is a rare investment opportunity as it falls into a small group of condominiums which allow for STRs (short term rentals). Capitalize on Toronto's thriving hospitality industry and maximize your investment potential with ease. Whether you're looking to generate passive income or establish a place to call home in the heart of downtown, this residence offers endless possibilities.The soaring 13.5-foot concrete coffered ceilings enhance the sense of openness and freedom & the expansive layout provides ample space for relaxation, work, and entertainment. Experience the meticulous attention to detail throughout, including a custom industrial iron staircase to the mezzanine, Mahogany flooring, a fully upgraded 6 piece ensuite in the primary bedroom and a beautiful galley kitchen. The large windows flood the interior with natural light, creating a warm and inviting ambiance. Indulge in the ultimate urban lifestyle with unparalleled access to amenities, dining, shopping, and entertainment. From trendy cafes and boutiques to world-class cultural institutions, everything you desire is just steps away. Embrace the vibrancy of city living while enjoying the tranquility of your private sanctuary.

Incognito Subzero Refrig/Freezer, Dacor Gas Cooktop & Wall Oven, Range Hood, Dw, Stackable W & D, Bar Fridge, Elfs, Window Coverings

Location

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Address: PH7-8 Wellesley Street
Neighborhood: Church-Yonge Corridor
City: Toronto
State: Ontario
Postal Code: M4Y 3B2

Property Details

Property ID: C8416864
Property Price: $1,690,000
Style: Condo Apt, Loft
Sq/Ft: 1400-1599
Rooms: 6
Bedrooms: 2+1
Bath: 2
Garages Spaces: 1
Garage: Underground
Parking Spaces: 1
Year Built: 16-30
A/C: Central Air
Den: N
Exterior: Concrete
Heating: Fan Coil
Fireplace: Y
Patio/Terrace: Jlte
Taxes: $4,917.10 (2023)
Bld. Insurance Incl.: Y
Condo Corp.: MTCC
Condo Corp #: 1147
Exposure: E
Locker: Owned
Locker #: B1-7
Parking Type: Owned
Pets: Restrict
Property Manager: Gpm Management
# of stories: 10
Parking Incl.: Y
Water Incl.: Y
Maintenance: 1743.05
Ammenities: Concierge, Exercise Room, Rooftop Deck/Garden, Sauna

Room details and dimensions

Foyer

Size: 5.62
Width: 1.73
Length: 3.25

Living

Size: 32.32
Width: 5.63
Length: 5.74

Dining

Size: 14.32
Width: 3.10
Length: 4.62

Kitchen

Size: 7.96
Width: 2.34
Length: 3.40

Prim Bdrm

Size: 21.44
Width: 4.22
Length: 5.08

Loft

Size: 11.15
Width: 2.44
Length: 4.57

Statistics for similar Condo Apt condos in Church-Yonge Corridor

The graph below compares the average list price and average sale price of condos in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Condo Apt condos in Church-Yonge Corridor

The graph below illustrates the average days on market for condos in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.