C-253 Wellesley Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13480540
About this home
Character and charm! Welcome to "The Mansion" at 253 Wellesley St E. A converted Victorian Mansion in the heart of Cabbagetown. This is your exclusive chance to call home to 1 of only 5 units in the Building. *First unit available for sale in the last 7 years!* Unit C is a 2-storey, 2 bedroom, 2 bathroom unit and located on the upper 2 Floors of the building and features approx. 1070 square feet of functional living space. The main floor features soaring 10 foot ceilings with large windows, hardwood flooring, a large open concept living and dining room, updated kitchen and convenient powder room. The upper level has 2 bedrooms featuring all new white oak hardwood flooring, *brand new 3-piece washroom with marble flooring, shower with custom glass door and vanity- simply stunning! Take the virtual tour. This condo is truly unique, perfect for professional/couple, young family, down-sizers, first-time buyers + more. Ton of upgrades throughout featuring custom built-in closets throughout the unit, new and highly efficient heat pump system with forced air heating and cooling. All new windows, freshly painted + more. *Unit C also includes 1 underground parking and large locker/storage room.* Friendly residents and meticulous landscape. This condominium is very well managed and maintained, includes the Mansion and 6 townhouses at the rear of property sharing a eloquent and picturesque outdoor garden area. Located in the desirable community of Cabbagetown -home to unique blend of historic charm, Victorian architecture, a tight-knit community atmosphere, and excellent proximity to downtown Toronto amenities and green spaces. Vibrant local amenities along Parliament St and others offering a variety of local businesses, grocery stores, butcher shops, cafes, diverse restaurants and eateries, and unique boutiques. Easy access to Transit, close to the Financial and Entertainment District and conveniently close to Recreation areas -Riverdale Park and Farm andmuch more
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- C13480540
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199
- Cross streets
- Wellesley St & Parliament St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $958/mo
- Exposure
- North
- Property tax
- $3,092 / 2025
- Days on market
- 24
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Listed at $824,900, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
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 $660K, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $600K
- Size difference +$95K
- Adjusts to $695K
That comparable adjusts to $695K; the $695K 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.
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 $695K, 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 6% below the area average of $796/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 47 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 $659,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,522
- Property tax
- $258
- Condo / maintenance fees
- $958
- Heating
- $0
- Estimated monthly cost
- $4,737
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,973
- Toronto municipal land transfer tax
- $12,973
- Estimated closing costs
- $25,946
Plus your down payment of $164,980. 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
- $211,295
- Principal paid down
- $84,041
- Interest paid
- $127,254
- Balance remaining
- $575,879
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 PROFESSIONALS INC.. MLS®/PropTx.