$537,900 - 11 Wellesley Street Unit 1501, Downtown Toronto
New Construction for Sale in Downtown Toronto
New — Listed 3 days ago- MLS Number
- C12885418
- Property Type
- New Construction
- Status
- active
- Days on Site
- 3
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON JIM MO REALTY
Welcome to Wellesley On The Park, a luxury condo in the heart of downtown. This mid-level 1-bedroom suite with parking offers an unobstructed east-facing view with abundant natural light and a bright open-concept layout designed for comfortable urban living. The suite features a modern kitchen with built-in stainless steel appliances, sleek cabinetry, and modern kitchen and bathroom countertops. Step out onto the spacious private balcony and enjoy open city views with beautiful morning light. Located just steps to Yonge Street and Wellesley subway station, with easy access to the University of Toronto, Toronto Metropolitan University (formerly Ryerson), Yorkville shopping, the Financial District, and everyday essentials including 24-hour supermarkets. Residents enjoy world-class amenities and direct access to a 1.6-acre park, offering a rare green space in the downtown core. Perfect for professionals, investors, or anyone seeking vibrant downtown living with convenience at your doorstep. Photos from previous lease listing for reference only as unit is currently tenanted until end of May 2026.
Estimate your monthly payments for this property
Estimated Payment
$2,759.71/mo
Includes CMHC insurance ($15,007)
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.
11 Wellesley Street Unit 1501, 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 25+ years of GTA real estate experience
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.
Efficient Living
At 0 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.
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 $2,241 (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.