$599,000 - 225 Wellesley Street Unit 512, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13132274
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE ESTATE REALTY
Experience the perfect blend of Cabbagetown's historic soul and modern luxury. 225 Wellesley stands as a landmark of sophisticated urban living, with a stellar walk score and world-class transit at your doorstep. Spanning 854SF, this 2 bedroom 2 bathroom corner suite is far from cookie-cutter. The interior aesthetic boasts an industrial cool vibe throughout. The primary suite is a true sanctuary featuring a stunning barn-wood accent wall that adds warmth and texture. The three piece en-suite has a sleek infinity floor for a seamless, modern look. The custom built in side tables and closet outfitted with professional organizers and drawers maximize every inch of space. The kitchen is a chefs delight and the layout is as functional as it is stylish. Featuring all stainless steel appliances, including an induction stove, an oversized sink, microwave exhaust fan, bar seating and a waterfall countertop. This unit is designed for a streamlined lifestyle with custom closet organizers in the second bedroom and the main hallway closets. Interior comfort is guaranteed year round with two separate heating and cooling units. The building amenities are hard to beat, with a fully equipped gym, men's and ladies change rooms with showers and steam rooms, a cozy library, a vibrant party/reception room, and both rooftop and ground floor terraces. The rooftop terrace has cooking stations and lots of lounging and dining spaces. One parking space (complete with a bike rack), a storage locker, and your own dedicated garden area. This is a pet friendly building. Your new life at The Star of Downtown awaits.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
225 Wellesley Street Unit 512, 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
Competitive Pricing
At $749/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.
Market Position
At 26 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 800 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: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,496 (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.