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    for sale
    71 Days on Strata

    2615 - 8 Wellesley St W

    8 Wellesley Residences
    $395,000
    Studio
    1 Bath
    0 Parking
    392 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $323/mth
    Taxes:
    $0 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $1,008/sqft
    Outdoor Space:
    None
    Locker:
    None
    Possession Date:
    TBD
    Exposure:
    South

    Amenities

    Indoor Parking
    Amenity details for reference only. Independently verify accuracy.

    About this Listing

    Am incredible opportunity for the real estate investor, or for someone who wants to be. This brand new building is a touch of class, nestled quietly just off Yonge Street enough to miss the hustle and bustle of the city. This studio apartment is currently rented out to a great tenant until June 2026, the work is done for you! Big beautiful windows let in an abundance of natural light, and the city scape at night. The kitchen area spouts a sleek hidden refrigerator, built in oven and microwave, counter-top stove & range hood. In addition you find ensuite laundry and a full bath. Location is A1, with the heart of the city mere steps away from the front door. 24 hour concierge provides a level of comfort and security. Come check out your next investment today. **Note, Photos taken prior to tenant moving in

    ExtrasBlomberg Washing Machine (SN WM72200W), Blomberg Dryer (SN DVI7600W), KitchenAid Refrigerator (SN W11602455), Built-In Whirlpool Oven (SN 4NC79W7DD), Built-In Microwave, Range Hood

    exp realtyMLS® #C12398711

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Other
    810.41 x 393.72ft
    Bathroom
    295.29 x 196.86ft
    3 Piece Bath
    Kitchen
    393.72 x 134.52ft
    Built-in Appliances
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

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    Explore Bay Street Corridor

    Map

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    map of location
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    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

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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
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Building Trends At 8 Wellesley Residences

    Days on Strata

    Units at 8 Wellesley Residences spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 47 condos in the Bay Street Corridor area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    158
    Units were Rented over the past twelve months

    Best Value Rank

    8 Wellesley Residences offers the
    ?
    N/A
    best value out of 47 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    8 Wellesley Residences has the
    ?
    N/A
    highest ROI out of 47 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    8 Wellesley Residences yields the
    ?
    N/A
    highest rent prices out of 47 condos in the Bay Street Corridor neighbourhood

    High Demand

    8 Wellesley Residences is the
    ?
    N/A
    most popular building out of 47 condos in the Bay Street Corridor neighbourhood

    Market Insights

    Transaction Insights at 8 Wellesley Residences

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo DataNo DataNo DataNo DataNo DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo DataNo DataNo DataNo DataNo Data
    Avg. Wait for Unit AvailabilityNo DataNo DataNo DataNo DataNo DataNo DataNo Data
    Ratio of Units in Building10%27%12%35%5%6%7%

    Market Inventory

    Total number of units listed and sold in Bay Street Corridor