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    701 - 225 Wellesley St E

    $785,0002 bds2 ba1 pk959 sqft
    34 Days on Strata
    Est Sell Timeframe:
    10 Days
    $785,000
    2 Beds + 1
    2 Bath
    1 Parking
    959 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Maintenance Fees:

    $802/mth

    Taxes:

    $2,758 (2024)

    Cost Per Sqft:

    $819/sqft

    Outdoor Space:

    Balcony

    Locker:

    Owned

    Exposure:

    South

    Possession Date:

    60-90 days

    Amenities

    Indoor Parking
    Car Wash
    BBQs Allowed
    Gym
    Bike Storage
    Security System
    Visitor Parking
    Party Room
    Rec Room
    Concierge
    Sauna
    Rooftop Deck
    Media Room
    Business Centre

    About this Listing

    Nestled within the most sought after Downtown location. This Two-Bedroom, Two-Bathroom bright and spacious 959 sqft unit embodies the pinnacle of modern living with open balcony with unobstructed views. Modern functional layout with open concept living room bathed in natural light. Kitchen features modern s/s appliances, quartz countertop creating an ideal setting for entertaining. Large master bedroom includes two closets with luxurious 5pc ensuite with soaking tub and a separate enclosed shower. The second bedroom with full closet with access to the balcony where you can savor your morning coffee or enjoy evening sunsets. Great south views of the city, fantastic amenities such as 24 hour security, fitness room, car wash, steam room, party room, library room, visitor parking and the breathtaking rooftop terrace on the 12th floor. Close proximity to public transit, grocery, restaurants, parks and various amenities. This location is perfectly tailored for those who seek sophistication and convenience in the heart of the city.

    ExtrasS/s stove, fridge, dishwasher, washer/dryer, microwave, overhead exhaust, electrical fixtures.

    ipro realty ltd.MLS® #C12028179

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room Dimensions

    Kitchen

    Stainless Steel Appliances, Granite Counter, Breakfast Bar

    10.01 x 6.99ft

    Living

    Large Window, Open Concept, Laminate

    19.69 x 9.74ft

    Dining

    Combined with Living, Laminate

    19.69 x 9.74ft

    Primary

    5 Piece Ensuite, Large Window

    16.01 x 9.09ft

    2nd Bedroom

    Walkout To Balcony, Large Window, Closet

    12.01 x 8.99ft

    Buyer's Market
    Balanced
    Seller's Market

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    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.

    Mortgage Calculator


    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%


    Days on Strata

    Units at The Star of Downtown spend an average of
    24
    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 a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    5.5
    YEARS before being sold again

    Property Value

    5%
    Increase in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 37 condos in the Cabbagetown area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

    The Star of Downtown offers the
    ?
    best value out of 37 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    The Star of Downtown has the
    ?
    highest ROI out of 37 condos in the Cabbagetown neighbourhood

    Rental Yield

    The Star of Downtown yields the
    ?
    highest rent prices out of 37 condos in the Cabbagetown neighbourhood

    High Demand

    The Star of Downtown is the
    ?
    most popular building out of 37 condos in the Cabbagetown neighbourhood

    Market Insights

    Transaction Insights at The Star of Downtown

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$555,000$709,000$782,000
    Avg. Cost Per SqftNo Data$807$841$841
    Avg. Wait for Unit Availability331 Days123 Days95 Days291 Days
    Ratio of Units in Building15%27%45%15%

    Market Inventory

    Total number of units listed and sold in Cabbagetown