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    Toronto / Downtown / Cabbagetown

    607 - 159 Wellesley St E

    For Rent159SW Condominium
    5.0
    $2,300/mth
    1 Bed + 1
    1 Bath
    0 Parking
    579 SQFT
    1 Day on Strata
    Est Lease Timeframe
    22 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 21, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    South East
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Combined with Kitchen
    19.29 x 10.01ft
    Kitchen
    Open Concept, Combined with Living
    19.29 x 10.01ft
    Bedroom
    Walk-in Closet, Large Window
    11.09 x 10.5ft

    About this Listing

    1 Bedroom+Den Unit In 159 Wellesley St E By Alterra Development Located At Sherbourne And Wellesley. Close To Ryerson University. Minutes To Sherbourne Subway Station & The Bloor & Yonge Subway Lines. Easy Highway Access. Offering a 24-hour staffed concierge, bicycle room, high speed internet, pet wash station, fully appointed indoor fitness studio w/ yoga room and Zen inspired sauna, 360 degree outdoor running track, and two party rooms. 579 sq ft + 69 sq ft Balcony.

    ExtrasTenant Responsible for Gas, Hydro, Water, Hot Water Tank Rental and Tenant Insurance

    mehome realty (ontario) inc.MLS® #C10441299

    Amenities

    Party Room
    Visitor Parking
    Concierge
    Gym Room
    Sauna
    Games Room

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    159SW Condominium vs The Cabbagetown Area

    Building Trends At 159SW Condominium

    Days on Strata

    Units at 159SW Condominium spend an average of
    40
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 34 condos in the Cabbagetown area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    73
    Units were Rented over the past twelve months

    Best Value Rank

    159SW Condominium offers the
    ?
    best value out of 34 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    159SW Condominium has the
    ?
    highest ROI out of 34 condos in the Cabbagetown neighbourhood

    Rental Yield

    159SW Condominium yields the
    ?
    highest rent prices out of 34 condos in the Cabbagetown neighbourhood

    High Demand

    159SW Condominium is the
    ?
    most popular building out of 34 condos in the Cabbagetown neighbourhood

    Transaction Insights at 159 Wellesley Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$580,000$508,000 - $615,000$540,000No DataNo Data
    Avg. Cost Per Sqft$1,105$940$999No DataNo Data
    Avg. Wait for Unit Availability59 Days70 Days388 DaysNo Data62 Days
    Ratio of Units in Building34%37%19%1%12%

    Transactions vs Inventory

    Total number of units listed and leased in Cabbagetown