404-159 Wellesley Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13080848
About this home
Under Power of Sale! exceptional 1+1 bedroom, 2 bathroom condo offers the perfect blend of sophistication and convenience. Situated in the bustling downtown core, this unit includes the coveted features of 1 parking space and 1 locker to make city living a breeze. The primary bedroom is a serene sanctuary with its own ensuite bathroom, offering privacy and comfort. The versatile den, or +1 bedroom, can serve as a home office, guest room, or a cozy reading nook -the choice is yours. An additional bathroom ensures convenience and comfort for both residents and guests. World-class dining, entertainment, shopping, and cultural experiences are at your door step. Whether you're looking to explore the vibrant nightlife, enjoy a leisurely stroll in a nearby park, or simply want to be at the center of it all, this condo offers you the ultimate urban lifestyle.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13080848
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2
- Size
- 500-599
- Cross streets
- Wellesley/Sherbourne
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $564/mo
- Exposure
- East
- Property tax
- $2,800 / 2025
- Days on market
- 79
- Listing brokerage
- RE/MAX REALTY SPECIALISTS INC.
Listed at $549,999, this home is about 19% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Cabbagetown-South St. James Town lately, sellers have been getting about 95% of asking and homes sell in about 28 days. Prices are down 11% versus a year ago.
Based on 29 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 29 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $598K, higher than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $375K
- Bedrooms +$15K
- Bathrooms +$8K
- Adjusts to $398K
That comparable adjusts to $398K; the $464K estimate above is the median of all 29 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Total price vs nearby homes. Fair value about $464K, median of 29 comparables.
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 35% above the area average of $740/sqft.
78 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Cabbagetown-South St. James Town, Toronto, ON
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) →
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $439,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,348
- Property tax
- $233
- Condo / maintenance fees
- $564
- Heating
- $0
- Estimated monthly cost
- $3,145
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,475
- Toronto municipal land transfer tax
- $7,475
- Estimated closing costs
- $14,950
Plus your down payment of $110,000. 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
- $140,880
- Principal paid down
- $56,034
- Interest paid
- $84,846
- Balance remaining
- $383,965
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 RE/MAX REALTY SPECIALISTS INC.. MLS®/PropTx.