1506-50 Wellesley Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13564988
About this home
Discover urban living at its finest in this stunning 2-bedroom, 2-bathroom condo located in the heart of downtown Toronto. This spacious 743 sq.ft. unit features a smart open-concept layout, 9-foot ceilings, and floor-to-ceiling windows that offer unobstructed east-facing views and flood the space with natural light. Enjoy the luxury of a full-length private balcony, perfect for relaxing or entertaining, and high-end finishes throughout, including laminate flooring, quartz countertops, an under mount sink, and built-in kitchen appliances.The primary bedroom boasts a modern en-suite bathroom, while the second bedroom offers a closet and sliding doors for added versatility. Located just steps from Wellesley Subway Station and within walking distance to the University of Toronto, Toronto Metropolitan University (Ryerson), top hospitals in the University Health Network, and Torontos vibrant culture and entertainment districts, this condo offers a nearly perfect walk score of 99 and a transit score of 98making it ideal for students, professionals, or anyone who values convenience.Residents will also enjoy an array of premium amenities, including a 24/7 concierge, a fully equipped fitness centre, an outdoor pool, party and game rooms, guest suites, and more. Don't miss this opportunity to live in a prestigious Plaza building that truly has it all.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13564988
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-799
- Cross streets
- Yonge St/Wellesley Street East
- Parking
- 0 parking
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $538/mo
- Exposure
- East
- Property tax
- $4,097 / 2026
- Days on market
- 3
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
laminate · 3 pc bath · closet
laminate · w/o to balcony · east view
laminate · 4 pc ensuite · closet
laminate · combined w/dining · modern kitchen
laminate · combined w/kitchen
Listed at $750,000, this home is about 11% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 34 similar homes nearby, adjusted for size, beds, and baths.Median of 34 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $644K, a close match.
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 $949K
- Adjusts to $949K
That comparable adjusts to $949K; the $674K estimate above is the median of all 34 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.
On location, this is a very walkable address with everyday errands close by. Wellesley 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 $674K, median of 34 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Open-concept layout: modern, sought-after flow.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Weigh carefully
- Lifestyle
- 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 homesThis home lists 10% above the area average of $908/sqft.
2 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Church-Yonge Corridor, 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, about 94 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 18, 2026); conventional rates run a little higher.
Mortgage amount $600,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,202
- Property tax
- $341
- Condo / maintenance fees
- $538
- Heating
- $0
- Estimated monthly cost
- $4,081
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,475
- Toronto municipal land transfer tax
- $11,475
- Estimated closing costs
- $22,950
Plus your down payment of $150,000. 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
- $192,109
- Principal paid down
- $76,410
- Interest paid
- $115,699
- Balance remaining
- $523,590
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 ULTIMATE REALTY INC.. MLS®/PropTx.