1 / 18
Listing History
Unit Highlights
Property Type:
Soft Loft
Maintenance Fees:
$603/mth
Taxes:
$2,798 (2023)
Cost Per Sqft:
$850/sqft
Locker:
Owned
Outdoor Space:
Juliet Balcony
Exposure:
South
Possession Date:
Immediately
Laundry:
Ensuite
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Water
Building Maintenance
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Laminate, Combined with Dining, Juliette Balcony
0 x 0ft
Dining
Laminate, Combined with Living, Open Concept
0 x 0ft
Kitchen
Laminate, Stainless Steel Appliances, Backsplash
0 x 0ft
About this Listing
Step into one of Toronto's most coveted boutique residences, The Downtown Condos at 508 WellingtonSt.W. This spacious 1-bedroom/1-bathroom unit, with its floor to ceiling south-facing windows, offers 646 square feet of open-concept living space. Nestled in the vibrant heart of King West, enjoy the convenience of being mere steps away from the bustling Entertainment District, Toronto's newest hot spot The Well, public transportation, and easy highway access for commuters.
royal lepage signature realtyMLS® #C9354594
Amenities
Media Room
Rooftop Deck
BBQ
Rec Room
Bike Storage
Security System
Explore Neighbourhood
9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
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
24,225
Average Individual Income
$66,367
Average Household Size
3 persons
Average Age
0
Average Household Income
$109,098
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
36%
Detached
33%
Semi Detached
21%
Low Rise Apartment
4%
Duplex
3%
Marital Status
Commute
Languages (Primary Language)
Other
71%
Mandarin
14%
Cantonese
9%
Tamil
2%
Arabic
1%
Tagalog
1%
Spanish
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
13%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
18%
Health & Related Fields
11%
Social Sciences
10%
Math & Computer Sciences
9%
Humanities
6%
Physical Sciences
5%
Education
4%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Price Trends
Maintenance Fees
Downtown Condos vs The King West Area
Building Trends At Downtown Condos
Days on Strata
Units at Downtown Condos spend an average of
1
Days on Strata
based on recent sales
List vs Selling Price
On average, these lofts sell for
5%
below
the list price.
Offer Competition
Lofts in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
6.8
YEARS before being sold againProperty Value
-10%
Decrease in property value within the past twelve months
Price Ranking
N/A
Highest price per SQFT out of 103 condos in the King West area
Sold Units
1
Units were Sold over the past twelve months
Rented Units
12
Units were Rented over the past twelve months
Best Value Rank
Downtown Condos offers the best value out of 103 condos in the King West neighbourhood
?
Appreciation Rank
Downtown Condos has the highest ROI out of 103 condos in the King West neighbourhood
?
Rental Yield
Downtown Condos yields the highest rent prices out of 103 condos in the King West neighbourhood
?
High Demand
Downtown Condos is the most popular building out of 103 condos in the King West neighbourhood
?
Transaction Insights at 508 Wellington Street W
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | No Data | No Data | No Data | No Data | $995,000 | No Data |
| Avg. Cost Per Sqft | No Data | No Data | No Data | No Data | $954 | No Data |
| Price Range | No Data | $2,000 - $3,000 | No Data | $6,000 | $5,500 | No Data |
| Avg. Wait for Unit Availability | No Data | 71 Days | 913 Days | No Data | 482 Days | 1327 Days |
| Avg. Wait for Unit Availability | 351 Days | 31 Days | No Data | 469 Days | 338 Days | No Data |
| Ratio of Units in Building | 4% | 74% | 5% | 7% | 10% | 3% |
Transactions vs Inventory
Total number of units listed and sold in King West
