2303-183 Wellington Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13150764
About this home
"The Residences of The Ritz "Carlton". This exceptional corner suite represents the BEST VALUE in the building! Spanning approximately 1676 square feet, featuring DIRECT ELEVATOR ACCESS to your suite and offering 10' high ceiling throughout. The entrance is highlighted by the intricate inlay marble and granite flooring throughout the foyer, powder room and hallways. The wall to wall windows offer panoramic views of the Toronto skyline and fills the home with natural light. The expansive living and dining room are designed for entertaining on a grand scale, and the full size kitchen has Sub-zero/Wolf appliances, in addition to an eat-in breakfast area. Extensive mosaic work has been installed in the primary ensuite bath and kitchen backsplash. Five star hotel amenities include 24 hour concierge, free valet parking, porter services for groceries/packages. Residents have exclusive access and use of both the Sky Lobby and Sky Terrace with breathtaking views of the lake. Common use BBQ's and seating areas are ideal for both entertaining and or relaxation. Access to fitness centre, pool and luxurious spa. Connects to "Path". Walk to Scotia Arena and Rogers Centre.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13150764
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 1600-1799
- Cross streets
- Wellington/Simcoe
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,547/mo
- Exposure
- North East
- Property tax
- $9,911 / 2025
- Days on market
- 63
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
centre island · breakfast area · granite counters
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · pot lights
hardwood floor · pot lights · combined w/living
Listed at $2,239,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C1 lately, sellers have been getting about 96% of asking and homes sell in about 34 days.
There were not many closely comparable homes right in Waterfront Communities C1, so I widened the search to the surrounding area.
Based on 6 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 6 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.50M, 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, sold for $2.44M
- Size difference +$142K
- Adjusts to $2.58M
That comparable adjusts to $2.58M; the $2.19M estimate above is the median of all 6 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.
The 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.
Total price vs nearby homes. Fair value about $2.19M, median of 6 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.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
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 17% above the area average of $1,124/sqft.
62 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.
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 $1,791,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,559
- Property tax
- $826
- Condo / maintenance fees
- $2,547
- Heating
- $0
- Estimated monthly cost
- $12,931
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $42,450
- Toronto municipal land transfer tax
- $42,450
- Estimated closing costs
- $84,900
Plus your down payment of $447,800. 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
- $573,510
- Principal paid down
- $228,110
- Interest paid
- $345,401
- Balance remaining
- $1,563,090
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 REALTRON REALTY INC.. MLS®/PropTx.