$1,025,000 - 62 Wellesley Street Unit 803, Downtown Toronto
Condo for Sale in Downtown Toronto
69 days on market- MLS Number
- C12985224
- Property Type
- Condo
- Status
- active
- Days on Site
- 69
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- RE/MAX CONDOS PLUS CORPORATION
Welcome To Queen's Park Place, A Boutique Building Offering A Unique Living Experience With Only 100 Units. This Spotless Suite Is Approximately 1600 Square Feet And Features Some Modern Updates That Enhance Its Appeal. The Abundant Natural Light Creates A Bright And Inviting Atmosphere, While The Well-Designed Layout Ensures A Great Flow Of Air Throughout The Space. Enjoy Stunning Views Of The CN Tower And A South-Facing Aspect That Fills The Rooms With Light. The Formal Dining Room Is Perfect For Entertaining Guests, Providing A Stylish Space For Special Gatherings. A Large Solarium Is Accessible From All Rooms, Offering A Versatile Area That Can Be Used As A Relaxation Spot, An Office, Or A Plant Sanctuary. The Kitchen Features A Cozy Breakfast Area, Ideal For Casual Meals And Morning Coffee. The Suite Includes A Spacious Master Bedroom With Updated Insulated Soundproofing Between The Bedroom Walls, Ensuring Peace And Privacy. Residents Of Queen's Park Place Enjoy An Array Of Amenities Enhancing Their Lifestyle. The Building Boasts A Swimming Pool, A Well-Equipped Gym, A Squash Court, And A Table Tennis Room, Ensuring That There Is Something For Everyone. Unwind In The Sundeck Area Or Explore The Amazing Rooftop Terrace, Offering Breathtaking Views Of Downtown Toronto And Stunning Sunsets. Picture Yourself Hosting Get-Togethers Against The Skyline Backdrop, Creating Unforgettable Memories With Friends. The Building Is Mostly Owner-Occupied, Ensuring A Sense Of Community And Security Among Residents. Visitor Parking Is Available, Providing Convenient Access For Your Guests, Adding Another Layer Of Comfort To This Exceptional Community. Queen's Park Place Is Not Just A Home; It Is A Lifestyle Choice, Combining Elegance, Convenience, And A Welcoming Atmosphere In One Of Toronto's Most Desirable Locations. With Its Boutique Setting, Impressive Amenities, And Thoughtfully Designed Suite, This Opportunity Is One Not To Be Missed.
Estimate your monthly payments for this property
Estimated Payment
$4,533.92/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 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.
62 Wellesley Street Unit 803, Downtown Toronto / Waterfront
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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 $641/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.
Negotiation Opportunity
At 69 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.
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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,271 (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.