4602/03-183 Wellington Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C12853630
About this home
Welcome to Cielo Alba, Residences of The Ritz Carlton, the epitome of luxury condominium living in Toronto. This extraordinary Approximately 6,000 square feet unit offers the trifecta of a perfect location, a world-class building, and a one-of-a-kind residence for your unparalleled urban lifestyle. 180 panoramic views, 10 and 11 foot ceilings, Poliform Millwork, 10 Foot Frameless Doors, 1000 bottle Wine Cellar, this is an ultra rare option for those seeking the upmost in elegance and condo living in Toronto. If you're seeking an elevated level of pampering and personalized attention, there's no other destination that quite compares.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12853630
- Bedrooms
- 3
- Bathrooms
- 5 (2 half)
- Size
- 5,000 sq ft
- Cross streets
- Wellington St & University Ave
- Parking
- 3 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $9,100/mo
- Exposure
- North South
- Property tax
- $25,096 / 2025
- Days on market
- 133
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
ne view · wet bar · hardwood floor
quartz counter · laundry sink · b/i shelves
3 pc ensuite · south view · hardwood floor
5 pc ensuite · fireplace · north view
combined w/great rm · eat-in kitchen · overlook water
open concept · se view · window floor to ceiling
east view · window floor to ceiling · hardwood floor
5 pc ensuite · walk-in closet(s) · south view
ne view · fireplace · hardwood floor
elevator · marble floor
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. King St West at John St East Side is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Worth verifying
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: King St West at John St East Side, about 183 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $18,000,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $96,055
- Property tax
- $2,091
- Condo / maintenance fees
- $9,100
- Heating
- $0
- Estimated monthly cost
- $107,246
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $548,975
- Toronto municipal land transfer tax
- $1,253,975
- Estimated closing costs
- $1,802,950
Plus your down payment of $4,500,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $5,763,281
- Principal paid down
- $2,292,304
- Interest paid
- $3,470,977
- Balance remaining
- $15,707,696
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.