3002-159 Wellesley Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13138734
About this home
Bright And Modern 1-Bedroom Condo In The Heart Of Downtown Toronto! This Efficiently Designed491 Sq Ft High-Floor Unit Offers Stunning Unobstructed Views Of Downtown Toronto Through Floor-To-Ceiling Windows. Thoughtfully Designed Layout With Separate Living And Kitchen Areas Creates A More Functional Living Space And Added Privacy, With Potential Flexibility For Two Person Living Arrangements. Features 9-Ft Ceilings, Premium Laminate Flooring, And Contemporary Finishes Throughout. Modern Kitchen Includes Quartz Countertops, Sleek Cabinetry, And Built-In Stainless Steel Appliances. Spacious Bedroom With Large Closet Conveniently Positioned Away From Main Living Area. Includes One Locker For Additional Storage. Exceptional Downtown Location Steps To TTC, Subway, TMU, University Of Toronto, Eaton Centre, Restaurants, Grocery Stores, Parks, And Major Hospitals. Enjoy Outstanding Building Amenities Including Fully Equipped Gym, Rooftop Terrace, Party Room, Visitor Parking, And 24-Hour Concierge. Perfect Opportunity For First-Time Buyers, Young Professionals, Or Investors Looking For A Turnkey Unit In One Of Toronto's Most Convenient And High-Demand Locations.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13138734
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 0-499
- Cross streets
- Wellesley/ Sherbourne
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $493/mo
- Exposure
- East
- Property tax
- $2,742 / 2025
- Days on market
- 66
- Listing brokerage
- ROYAL LEPAGE TERREQUITY CAPITAL REALTY
Rooms
laminate · combined w/kitchen
Laminate
Laminate
laminate · combined w/dining
Listed at $399,900, this home is about 22% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($1,603/sqft) is above the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Cabbagetown-South St. James Town, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $602K, a bit higher.
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, listed at $499K
- Adjusts to $499K
That comparable adjusts to $499K; the $513K estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its 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.
Total price vs nearby homes. Fair value about $513K, median of 5 comparables.
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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homes65 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
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.
Mortgage amount $319,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,707
- Property tax
- $229
- Condo / maintenance fees
- $493
- Heating
- $0
- Estimated monthly cost
- $2,429
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,474
- Toronto municipal land transfer tax
- $4,474
- Estimated closing costs
- $8,947
Plus your down payment of $79,980. 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
- $102,433
- Principal paid down
- $40,742
- Interest paid
- $61,691
- Balance remaining
- $279,178
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 ROYAL LEPAGE TERREQUITY CAPITAL REALTY. MLS®/PropTx.