$1,699,000 - 642 Wellington Street, Downtown Toronto
Townhouse for Sale in Downtown Toronto
New — Listed 3 days ago- MLS Number
- C13226942
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Tucked away on a quiet, tree-lined one-way street beside Stanley Park, this historic freehold luxury end-unit townhouse delivers the best of King West living without the noise of the downtown core. Spanning 4 levels and nearly 1,800SF, with 3 bedrooms, 3 baths, private yard and rooftop terrace. Completely rebuilt in 2018 and thoughtfully upgraded since, the home is move-in ready. Natural light fills the space as the open-concept main floor was designed for entertaining: high ceilings, a living room w/ fireplace, a generous dining area, and a sleek chef's kitchen with breakfast bar flow effortlessly to a walk-out that leads to a private fully fenced, backyard garden - gas BBQ hookup, water connection, and room for an outdoor lounge and al fresco dining. Summer sorted! The second floor delivers two well-proportioned bedrooms alongside a gorgeous 5-piece bathroom featuring a soaker tub that overlooks lush, private green space - a genuinely rare find in the city. Also on this level, a formal laundry room that goes well beyond a closet: custom cabinetry, countertop workspace, and a window make it as functional as it is refined. The entire third floor is devoted to the primary suite, a true retreat. The bedroom easily accommodates a king bed and benefits from its own dedicated heating and cooling system for year-round comfort. The ensuite is genuinely stunning: a skylight floods the space with natural light, heated floors, and finishes that rival a five-star hotel. The custom-designed walk-in closet is built to handle any wardrobe - thoughtfully laid out and impeccably finished. Parking is covered: a private spot in the heated underground garage next door, is not deeded but available via a two-year transferable lease. Street permit parking is also readily available for a second car. One of the finest locations in all of downtown just steps to Trinity-Bellwoods Park, Stanley Park, Ossington, Queen West, Porter Air, Financial District, Gardiner and great schools & day care!
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/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.
642 Wellington Street, 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
Fair Market Value
At $1133/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
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.
Bathroom Count Matters
With 3 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.
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 $7,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.