8 Wellesley Street Unit 2610, Toronto C01

Price: $490,000

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: C12890826

Welcome to the gorgeous and centrally located 8 Wellesley St W! This BRAND NEW 1bed + study features soaring windows with city views and is the perfect place to call home. A full host of amenities including a designer furnished lobby, world class gym, co working space, party rooms, and more are available for the days you don't want to leave home. For the days and nights out, you're situated just steps away from the iconic Yonge St granting quick access to TTC Stations, an abundance of restaurants and shopping options like the Eaton Centre and Yorkville, Sankofa Square, TMU and the rest the city has to offer. Property tax not yet assessed.

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New Listing
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$490,000 - 8 Wellesley Street Unit 2610, Downtown Toronto

Condo for Sale in Downtown Toronto

New — Listed yesterday
1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
C12890826
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Downtown Toronto / Waterfront
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
CENTURY 21 ATRIA REALTY INC.
Description

Welcome to the gorgeous and centrally located 8 Wellesley St W! This BRAND NEW 1bed + study features soaring windows with city views and is the perfect place to call home. A full host of amenities including a designer furnished lobby, world class gym, co working space, party rooms, and more are available for the days you don't want to leave home. For the days and nights out, you're situated just steps away from the iconic Yonge St granting quick access to TTC Stations, an abundance of restaurants and shopping options like the Eaton Centre and Yorkville, Sankofa Square, TMU and the rest the city has to offer. Property tax not yet assessed.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

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5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

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.

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Neighbourhood Guide: Downtown Toronto / Waterfront

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

8 Wellesley Street Unit 2610, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$936

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

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.

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 0 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.

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.

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