3803-183 Wellington Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13241616
About this home
There are homes that offer space-and then there are those that offer a way of life. Welcome to The Ritz-Carlton Residences, where this expansive one-bedroom suite unfolds as an experience in refined living. Spanning 1,397 square feet, the residence opens into a grand, light-filled living and dining space, where soaring 10-foot ceilings and sweeping city views create an immediate sense of calm and scale. Every room is framed by the skyline-an ever-changing backdrop that shifts effortlessly from sunlit mornings to the glow of Toronto's evening lights. At the heart of the home, the Bellini-designed kitchen balances elegance and function, complete with a dedicated breakfast area that invites slow mornings and effortless entertaining. Just beyond, the primary suite becomes a true retreat-generously sized to accommodate a king bed, complemented by a luxurious 5-piece marble ensuite and a walk-in closet designed for both form and function. A separate powder room adds an extra layer of convenience for guests, while included parking ensures seamless living in the heart of the city. Yet what truly defines this residence is not just what's inside, but the world it belongs to. Living here means access to an exclusive indoor/outdoor residents' lounge, a fully equipped fitness centre, media and billiards rooms-and beyond that, the signature offerings of the Ritz-Carlton itself: a serene pool, a world-class spa, and service that anticipates your needs before you voice them. With 24/7 concierge and doorman services, privacy and discretion are not luxuries - they are standard. 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 moment here is elevated. At The Ritz-Carlton Residences, you're not simply coming home - you're stepping into a lifestyle where comfort, sophistication, and service exist in perfect alignment.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13241616
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 1200-1399
- Cross streets
- Wellington St West & Simcoe St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $2,276/mo
- Exposure
- North East
- Property tax
- $9,057 / 2025
- Days on market
- 43
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Rooms
walk-in closet(s) · 5 pc ensuite · hardwood floor
b/i appliances · centre island · granite counters
combined w/living · hardwood floor · north view
combined w/dining · ne view · gas fireplace
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. King St West at John St East Side is about a 3-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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Weigh carefully
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesOn the market now.
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
Very WalkableA 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 Google.
Most daily errands can be done on foot.
🚉 Nearest transit: King St West at John St East Side, about 207 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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,560,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,325
- Property tax
- $755
- Condo / maintenance fees
- $2,276
- Heating
- $0
- Estimated monthly cost
- $11,355
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $35,475
- Toronto municipal land transfer tax
- $35,475
- Estimated closing costs
- $70,950
Plus your down payment of $390,000. 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
- $499,484
- Principal paid down
- $198,666
- Interest paid
- $300,818
- Balance remaining
- $1,361,334
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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.