$1,849,900 - 22 Wellesley Street Unit PH2, Cabbagetown
Condo for Sale in Cabbagetown
53 days on market- MLS Number
- C13040598
- Property Type
- Condo
- Status
- active
- Days on Site
- 53
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Elevated above the city on a penthouse level shared by just two residences, this extraordinary suite delivers a true sense of exclusivity and sophistication in the heart of downtown. Spanning over 1,600 sq ft indoors and complemented by more than 500 sq ft of private outdoor spaces. Every detail has been thoughtfully curated, with over $200K in high-end upgrades throughout: brand new luxury herringbone flooring, a completely rebuilt designer kitchen, updated lighting and pot lights, and a striking fireplace feature wall clad in Italian porcelain. The expansive sundeck terrace is a true showpiece, designed to function as an extension of the home. Featuring custom sunshades for comfort and privacy, composite decking, bbq w/ gas line & a water connection for gardening, creating a rare, fully equipped outdoor retreat in the sky. Expansive floor-to-ceiling windows frame captivating skyline views that transition beautifully from day to night. The open-concept living and dining area is perfect for hosting intimate dinners and larger gatherings. The stunning, fully reimagined kitchen blends style and function, clad in Clovelly quartz, with premium smart AI/Wifi appliances, two breakfast bars, and a walkout to a separate balcony with a gas line & bbq for seamless indoor-outdoor living. The primary bedroom is its own retreat, complete with access to the covered balcony, a walk-in closet, and a luxurious 5-piece ensuite. Tucked down the hall, the second bedroom enjoys easy access to a stylish 4-piece bath. A separate third bedroom, complete with a walk-in closet/storage room, offers exceptional flexibility ideal for guests, a home office, or growing needs. Premium parking space near the elevator with double bike rack. 2 side-by-side lockers. Courteous concierge, a gym with sauna and outdoor hot tub. Line 1 Subway service at your door and minutes from the Financial District, U of T, TMU, Eaton Centre, and Yorkville. This is where luxury, lifestyle, and location come together.
Estimate your monthly payments for this property
Estimated Payment
$8,182.73/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 Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Regent Park / Cabbagetown / St. James Town 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.
22 Wellesley Street Unit PH2, Regent Park / Cabbagetown / St. James Town
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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
Premium Pricing
At $1156/sqft, this property is priced above the Cabbagetown 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 53 days on site, this property has exceeded the typical selling timeline for Cabbagetown. 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.
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.
Investment Perspective
Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,708 (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.