183 Wellington Street Unit 3303, Toronto C01

Price: $1,989,000

1 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: C12965744

There are addresses that simply shelter you - and then there is this. Perched within one of Toronto's most storied towers, this premier one-bedroom suite at The Ritz-Carlton Residences is not merely a home. It is a declaration.Soaring 10-foot ceilings draw your eye upward while floor-to-ceiling glass frames an uninterrupted canvas of the Toronto skyline - a living artwork that transforms from brilliant gold at dusk to a galaxy of city lights after dark. Inside, every surface has been considered with the precision of a couturier: rich herringbone hardwood floors anchor the space with warmth and timeless geometry, while the clean lines of contemporary finishes ensure the architecture never competes with the view.The chef's kitchen is appointed exclusively with Wolf and Sub-Zero appliances - the undisputed standard in residential luxury - anchored by an elegant kitchen island that invites both intimate dinners and effortless entertaining. A dedicated wine fridge ensures your cellar is always at the ready, wherever the evening leads.This is not simply a condominium with hotel amenities. To own here is to live as a permanent guest of one of the world's most celebrated hospitality brands - with all the discretion, warmth, and flawless service that the Ritz-Carlton name has commanded for over a century. Step beyond your lobby and find yourself at the very epicentre of Toronto's most coveted corridor. The city's finest dining, vibrant entertainment districts, the pulse of the Financial District, and seamless access to the underground PATH network - all within footsteps. At The Ritz-Carlton Residences, the city is not something you commute to. It is simply an extension of your living room.Whether your evening begins with cocktails in the lobby lounge, a reservation at one of Toronto's destination restaurants, or a quiet night in with room service delivered by white-glove staff - every hour here is lived at an entirely different register.

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$1,989,000 - 183 Wellington Street Unit 3303, Downtown Toronto

Condo for Sale in Downtown Toronto

72 days on market
1Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
C12965744
Property Type
Condo
Status
active
Days on Site
72
Bedrooms
1
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Downtown Toronto / Waterfront
Locker
Owned
Exposure
North East
Balcony
None
Listing Brokerage
CORCORAN HORIZON REALTY
Description

There are addresses that simply shelter you - and then there is this. Perched within one of Toronto's most storied towers, this premier one-bedroom suite at The Ritz-Carlton Residences is not merely a home. It is a declaration.Soaring 10-foot ceilings draw your eye upward while floor-to-ceiling glass frames an uninterrupted canvas of the Toronto skyline - a living artwork that transforms from brilliant gold at dusk to a galaxy of city lights after dark. Inside, every surface has been considered with the precision of a couturier: rich herringbone hardwood floors anchor the space with warmth and timeless geometry, while the clean lines of contemporary finishes ensure the architecture never competes with the view.The chef's kitchen is appointed exclusively with Wolf and Sub-Zero appliances - the undisputed standard in residential luxury - anchored by an elegant kitchen island that invites both intimate dinners and effortless entertaining. A dedicated wine fridge ensures your cellar is always at the ready, wherever the evening leads.This is not simply a condominium with hotel amenities. To own here is to live as a permanent guest of one of the world's most celebrated hospitality brands - with all the discretion, warmth, and flawless service that the Ritz-Carlton name has commanded for over a century. Step beyond your lobby and find yourself at the very epicentre of Toronto's most coveted corridor. The city's finest dining, vibrant entertainment districts, the pulse of the Financial District, and seamless access to the underground PATH network - all within footsteps. At The Ritz-Carlton Residences, the city is not something you commute to. It is simply an extension of your living room.Whether your evening begins with cocktails in the lobby lounge, a reservation at one of Toronto's destination restaurants, or a quiet night in with room service delivered by white-glove staff - every hour here is lived at an entirely different register.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,798.02/mo

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5-yr fixed avg.

Principal: $1,591,200Interest: $1,048,205
Mortgage Amount$1,591,200
Total Interest$1,048,205
Est. Property Tax$1,409/mo
Total Cost$2,639,405

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.

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Neighbourhood Guide: Downtown Toronto / Waterfront

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

183 Wellington Street Unit 3303, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,120/mo
Range: $1,802 - $2,438
Cap Rate (ROI)
-0.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,120
Maintenance Fees-$780
Property Tax (est.)-$1,409
Insurance (est.)-$414
Net Cash Flow-$483

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1658/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Negotiation Opportunity

At 72 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.

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 $8,288 (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.

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    183 Wellington Street Unit 3303 | $1,989,000 | Battaglia Team