PH2-22 Wellesley Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13040598
About this home
Elevated above the city on a penthouse level shared by just two residences, this extraordinary suite delivers a true sense of exclusivity and sophistication in the heart of downtown. Spanning over 1,600 sq ft indoors and complemented by more than 500 sq ft of private outdoor spaces. Every detail has been thoughtfully curated, with over $200K in high-end upgrades throughout: brand new luxury herringbone flooring, a completely rebuilt designer kitchen, updated lighting and pot lights, and a striking fireplace feature wall clad in Italian porcelain. The expansive sundeck terrace is a true showpiece, designed to function as an extension of the home. Featuring custom sunshades for comfort and privacy, composite decking, bbq w/ gas line & a water connection for gardening, creating a rare, fully equipped outdoor retreat in the sky. Expansive floor-to-ceiling windows frame captivating skyline views that transition beautifully from day to night. The open-concept living and dining area is perfect for hosting intimate dinners and larger gatherings. The stunning, fully reimagined kitchen blends style and function, clad in Clovelly quartz, with premium smart AI/Wifi appliances, two breakfast bars, and a walkout to a separate balcony with a gas line & bbq for seamless indoor-outdoor living. The primary bedroom is its own retreat, complete with access to the covered balcony, a walk-in closet, and a luxurious 5-piece ensuite. Tucked down the hall, the second bedroom enjoys easy access to a stylish 4-piece bath. A separate third bedroom, complete with a walk-in closet/storage room, offers exceptional flexibility ideal for guests, a home office, or growing needs. Premium parking space near the elevator with double bike rack. 2 side-by-side lockers. Courteous concierge, a gym with sauna and outdoor hot tub. Line 1 Subway service at your door and minutes from the Financial District, U of T, TMU, Eaton Centre, and Yorkville. This is where luxury, lifestyle, and location come together.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13040598
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1600-1799
- Cross streets
- Yonge & Wellesley
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,794/mo
- Exposure
- North West
- Property tax
- $7,835 / 2025
- Days on market
- 90
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
w/o to sundeck · stone fireplace · open concept
double doors · double closet · vinyl floor
balcony · nw view · tile floor
walk-in closet(s) · large window · west view
balcony · north view · tile floor
window floor to ceiling · open concept · nw view
updated · laundry sink · tile floor
w/o to balcony · quartz counter · breakfast bar
5 pc ensuite · soaking tub · separate shower
ensuite bath · walk-in closet(s) · w/o to balcony
4 pc bath · tile floor · b/i vanity
double closet · large window · north view
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 fairIts public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 13% above the area average of $963/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Church-Yonge Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 $1,479,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,897
- Property tax
- $653
- Condo / maintenance fees
- $1,794
- Heating
- $0
- Estimated monthly cost
- $10,344
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $33,473
- Toronto municipal land transfer tax
- $33,473
- Estimated closing costs
- $66,946
Plus your down payment of $369,980. 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
- $473,844
- Principal paid down
- $188,468
- Interest paid
- $285,376
- Balance remaining
- $1,291,452
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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.