$25,000/mo - 4 Wellesley Place, Cabbagetown
Detached for Rent in Cabbagetown
115 days on market- MLS Number
- C12812706
- Property Type
- Detached
- Status
- active
- Days on Site
- 115
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Step into a once-in-a-lifetime residence - this award-winning, impeccably restored 1877 heritage estate offers over 8,000 sq ft of fully furnished luxury living, blending timeless grandeur with modern comfort. A breathtaking grand foyer with white Carrara marble floors, soaring 12-foot ceilings, and original moldings sets an unforgettable first impression. The elegant living room, complete with an open gas fireplace and baby grand piano, flows through 10-foot French doors to a private courtyard, while the formal dining room with butler's pantry and dual courtyard access is designed for exceptional entertaining.A dramatic sweeping staircase beneath a 20-foot ceiling and a private elevator servicing the main and second floors ensure effortless living. Additional lifestyle spaces include a dedicated recreation/TV room, fully equipped gym, steam sauna, and a separate private one-bedroom apartment - ideal for guests, staff, or extended family. Recognized with the Heritage Toronto Best Restoration Award, this extraordinary residence speaks to unmatched craftsmanship and prestige. For those seeking a refined statement home to experience the energy of the city during FIFA, this exceptional property offers privacy, elegance, and a truly unforgettable stay. List price reflects a 5-day short-term rental.
Estimate your monthly payments for this property
Estimated Payment
$128.26/mo
Includes CMHC insurance ($698)
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.
4 Wellesley Place, Regent Park / Cabbagetown / St. James Town
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $25,000/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Cabbagetown. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 115 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.
Detached Home Advantages
Detached homes in Cabbagetown are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cabbagetown.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.