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    Toronto / Downtown / Cabbagetown

    2601 - 159 Wellesley St E

    For Rent159SW Condominium
    $2,450/mth
    Price Cut: $2,600
    1 Bed + 1
    1 Bath
    0 Parking
    648 SQFT
    35 Days on Strata
    Est Lease Timeframe
    11 Days

    Listing History

    Unit Highlights

    Possession Date:
    September 11, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North
    Locker:
    Exclusive
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Balcony, Large Window
    12.99 x 10.17ft
    Bedroom
    Walkout To Balcony, Large Window
    9.97 x 9.91ft

    About this Listing

    Discover Urban Living At Its Finest In This Beautifully Designed 1+1 Bedroom, 1 Washroom Condo Ideally Located In Downtown Toronto. The Den Can Effortlessly Serve As A Second Bedroom Or A Home Office, Offering You Flexible Living Space To Suit Your Needs. Just Steps Away From Wellesley Station, This Prime Location Provides Easy Access To Bloor Street, Yorkville, U Of T, OCAD, And Ryerson. Immerse Yourself In The Vibrant Local Amenities, Including The YMCA, Yorkville, And The Financial District, With Numerous Restaurants And Stores Nearby. This Condo Features Built-In Kitchen Appliances And An Open-Concept Layout, Creating A Modern And Spacious Living Environment. Enjoy The Convenience Of A Locker Included For Extra Storage. The Building Offers Top-Notch Amenities Such As A Gym, Study Room, Roof-Top Deck, And A 24-Hour Staffed Concierge. There Is Also A Bicycle Room For Your Convenience.

    first class realty inc.MLS® #C9256578

    Amenities

    Rooftop Deck
    BBQ
    Bike Storage
    Games Room
    Gym Room
    Concierge

    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.

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    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
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 32 condos in the Cabbagetown area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    67
    Units were Rented over the past twelve months

    Best Value Rank

    159SW Condominium offers the
    ?
    best value out of 32 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    159SW Condominium has the
    ?
    highest ROI out of 32 condos in the Cabbagetown neighbourhood

    Rental Yield

    159SW Condominium yields the
    ?
    highest rent prices out of 32 condos in the Cabbagetown neighbourhood

    High Demand

    159SW Condominium is the
    ?
    most popular building out of 32 condos in the Cabbagetown neighbourhood

    Transaction Insights at 159 Wellesley Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$580,000 - $611,800$508,000 - $615,000$540,000 - $570,000No DataNo Data
    Avg. Cost Per Sqft$1,113$931$1,248No 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