811-225 Wellesley Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13460140
About this home
This bright, feel-good 1-bedroom + den offers nearly 700 sq ft of stylish, easy living in the heart of Cabbagetown. The layout just gets it whether you're working from your den, hosting friends, or winding down after a long day, everything flows effortlessly.The kitchen is sleek and social, featuring granite countertops and a breakfast bar that opens seamlessly into the living space so you're always part of the moment. The bedroom is a comfortable retreat with its own ensuite and generous his & hers closets (because one closet is never enough). There's also a separate powder room for guests, making entertaining that much easier. Step out onto your private balcony for a breath of fresh air and city views perfect for morning coffee or a relaxed evening wind-down.Residents enjoy an impressive suite of amenities, including a fully equipped gym with sauna, rooftop terrace with panoramic city views, BBQ area, party room, 24-hour concierge, and a quiet library space for added flexibility.Owned parking and a locker provide valuable everyday convenience, while the location puts you right in the centre of it all just steps to downtown's best grocery stores, restaurants, social bars, parks, and quick highway access.Effortless downtown living with space, style, and everything you need right where you want it.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13460140
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 600-699
- Cross streets
- Wellesley & Sherbourne
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $654/mo
- Exposure
- North
- Property tax
- $2,451 / 2025
- Days on market
- 29
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
combined w/living · laminate · open concept
open concept · walk-out · large window
5 pc ensuite · his and hers closets · large window
modern kitchen · granite counters · breakfast bar
laminate · 2 pc bath · closet
Listed at $510,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $442K, a bit lower.
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 $449K
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $494K
That comparable adjusts to $494K; the $520K estimate above is the median of all 11 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.
The assigned public school is Winchester Junior and Senior 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. Wellesley St East at Ontario St is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $520K, median of 11 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 6% above the area average of $740/sqft.
On the market now.
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.
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: Wellesley St East at Ontario St, about 35 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
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 $408,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,177
- Property tax
- $204
- Condo / maintenance fees
- $654
- Heating
- $0
- Estimated monthly cost
- $3,035
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,675
- Toronto municipal land transfer tax
- $6,675
- Estimated closing costs
- $13,350
Plus your down payment of $102,000. 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
- $130,634
- Principal paid down
- $51,959
- Interest paid
- $78,675
- Balance remaining
- $356,041
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 SAGE REAL ESTATE LIMITED. MLS®/PropTx.