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    Toronto / Downtown / Cabbagetown

    2302 - 159 Wellesley St E

    For Rent159SW Condominium
    5.0
    $2,300/mth
    2 Beds
    1 Bath
    0 Parking
    499 SQFT
    4 Days on Strata
    Est Lease Timeframe
    26 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Possession Date:
    May 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Juliet Balcony
    Furnished:
    No
    Exposure:
    North East
    Locker:
    None
    Laundry:
    Main
    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
    No Data
    Heating
    Heat Pump

    Room Dimensions

    Living
    Laminate, Separate Room, Juliette Balcony
    0 x 0ft
    Kitchen
    Laminate, Combined with Dining, Stainless Steel Appliances
    8.6 x 23ft
    Dining
    Laminate, Combined with Kitchen, Open Concept
    8.6 x 10.5ft

    About this Listing

    A clever conversion has transformed this originally 1-bedroom unit into a spacious 2-bedroom home in a prime downtown location, available May 1.Meticulously maintained, this suite features 9-ft smooth ceilings, pre-engineered hardwood floors, and floor-to-ceiling windows that bring in abundant natural light. The modern kitchen boasts integrated appliances and quartz countertops, seamlessly combining style and functionality. Top-tier building amenities include a 24-hour concierge and security, visitor parking, an indoor pool, gym, sauna, party room, and more. Located near U of T, Toronto Metropolitan University (formerly Ryerson), and OCAD, it's just a short walk to Wellesley and Sherbourne subway stations, with quick access to the DVP. A community center, library, parks, and grocery stores are also close by. Book your viewing today!

    re/max real estate solutionsMLS® #C12006087

    Amenities

    Games Room
    Concierge
    Rooftop Deck
    Party Room
    Bike Storage
    Gym 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
    45
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    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
    4.9
    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 37 condos in the Cabbagetown area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    78
    Units were Rented over the past twelve months

    Best Value Rank

    159SW Condominium offers the
    ?
    best value out of 37 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    159SW Condominium has the
    ?
    highest ROI out of 37 condos in the Cabbagetown neighbourhood

    Rental Yield

    159SW Condominium yields the
    ?
    highest rent prices out of 37 condos in the Cabbagetown neighbourhood

    High Demand

    159SW Condominium is the
    ?
    most popular building out of 37 condos in the Cabbagetown neighbourhood

    Transaction Insights at 159 Wellesley Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$525,000 - $575,000$508,000 - $615,000$540,000No Data$834,500
    Avg. Cost Per Sqft$953$930$999No Data$1,017
    Avg. Wait for Unit Availability74 Days76 Days388 DaysNo Data145 Days
    Ratio of Units in Building36%35%19%1%11%

    Transactions vs Inventory

    Total number of units listed and leased in Cabbagetown