$392,888 - 8 Wellesley Street Unit 4008, Downtown Toronto
Condo for Sale in Downtown Toronto
36 days on market- MLS Number
- C13123192
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
MUST SEE!!! Just one-year-old luxury condo located at Yonge & Wellesley in Toronto's vibrant downtown core. This bright and spacious studio unit features a modern one-bathroom layout and beautiful north-facing city views. Contemporary kitchen is equipped with stylish backsplash, and brand-new built-in appliances. The bedroom area includes a closet and a versatile nook. Residents have access to exceptional, state-of-the-art amenities, including a fully equipped gym, outdoor lounge and games area, executive guest suites, outdoor dining and lounge spaces, a business center, and 24-hour concierge service. The grand lobby sets the tone for luxury living with its elegant chandelier and grand piano. Unbeatable location steps from Wellesley Subway, providing rapid access to U of T, TMU, Yorkville, and the Financial District. Builder inventory sold as resale with full TARION Warranty.
Estimate your monthly payments for this property
Estimated Payment
$2,015.72/mo
Includes CMHC insurance ($10,962)
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.
8 Wellesley Street Unit 4008, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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
Market Position
At 36 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 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.