3303-183 Wellington Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C12965744
About this home
There are addresses that simply shelter you - and then there is this. Perched within one of Toronto's most storied towers, this premier one-bedroom suite at The Ritz-Carlton Residences is not merely a home. It is a declaration.Soaring 10-foot ceilings draw your eye upward while floor-to-ceiling glass frames an uninterrupted canvas of the Toronto skyline - a living artwork that transforms from brilliant gold at dusk to a galaxy of city lights after dark. Inside, every surface has been considered with the precision of a couturier: rich herringbone hardwood floors anchor the space with warmth and timeless geometry, while the clean lines of contemporary finishes ensure the architecture never competes with the view.The chef's kitchen is appointed exclusively with Wolf and Sub-Zero appliances - the undisputed standard in residential luxury - anchored by an elegant kitchen island that invites both intimate dinners and effortless entertaining. A dedicated wine fridge ensures your cellar is always at the ready, wherever the evening leads.This is not simply a condominium with hotel amenities. To own here is to live as a permanent guest of one of the world's most celebrated hospitality brands - with all the discretion, warmth, and flawless service that the Ritz-Carlton name has commanded for over a century. Step beyond your lobby and find yourself at the very epicentre of Toronto's most coveted corridor. The city's finest dining, vibrant entertainment districts, the pulse of the Financial District, and seamless access to the underground PATH network - all within footsteps. At The Ritz-Carlton Residences, the city is not something you commute to. It is simply an extension of your living room.Whether your evening begins with cocktails in the lobby lounge, a reservation at one of Toronto's destination restaurants, or a quiet night in with room service delivered by white-glove staff - every hour here is lived at an entirely different register.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12965744
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 1200-1399
- Cross streets
- University Ave / Wellington St W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,276/mo
- Exposure
- North East
- Property tax
- $8,650 / 2025
- Days on market
- 106
- Listing brokerage
- CORCORAN HORIZON REALTY
Rooms
hardwood floor · combined w/living · gas fireplace
ceramic floor · stainless steel appl · breakfast bar
5 pc ensuite · walk-in closet(s) · large window
hardwood floor · combined w/dining · open concept
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. John Street 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 34% above the area average of $1,123/sqft.
105 days longer than the Toronto average (1 days).
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
Walker's ParadiseA 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: John Street, about 186 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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,559,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,324
- Property tax
- $721
- Condo / maintenance fees
- $2,276
- Heating
- $0
- Estimated monthly cost
- $11,321
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $35,473
- Toronto municipal land transfer tax
- $35,473
- Estimated closing costs
- $70,946
Plus your down payment of $389,980. 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
- $499,459
- Principal paid down
- $198,656
- Interest paid
- $300,803
- Balance remaining
- $1,361,264
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 CORCORAN HORIZON REALTY. MLS®/PropTx.