707-8 Wellesley Street, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13581816
About this home
Welcome to discover one of the largest and most premium suites at brand new luxury Residences at Yonge. Reputable CentreCourt and Bazis team with Arcadis to create this 55-storey silhouette celebrating graceful architecture. Suite 707 offers artful and highly curated living experiences with exceptionally generous space in Toronto's most desirable hotspot. Appx 1228 sf, all 4 bedrooms in decent size. 4th bdrm converts from extra-large enclosed den/office. Enormous living room in appx size of 32'3''x 10'9'. Two spa-like baths devote lavish tile & stone selections, brass fixtures, sleek vanities and b/i shelves. Integrated linear kitchen refined with upscale appliances incl built-in refrigerator, dishwasher, microwave, range hood, 4 Burner e-cooktop & oven. Huge mirror closet home a front-load laundry set. Top grade cabinetry with vast storages. Enhanced floor-to-ceiling windows & sliding doors invite ample natural lights. Upgraded lightings, elegant clean-lined materials, black/grey tone & gold accents erect a flair of fashion. Owned parking E-30 near elevator. Easy access Floor-7 locker. Fendi furnished lobby spans various seating zones with fireplace & piano glamour. Figure 3 & Land Art designers bring over 21,000 sf of sophisticated spaces that stretch inside outside for trailered amenity. Workout in style. Level-3 apps 6,300 sf fitness centre rivals unparalleled gym. Level 5 Co-Working Space. Concierge services, security coded access, guest suites, automated parcel storage, and visitor parkings. Situated on an internationally recognized street, this luxurious condo features immediate access to TTC subway. Ideal proximity to world-class schools, acclaimed business centers and premier shoppings. A perfect urban sanctuary for professionals seeking a coveted AAA location next to Yorkville, University of Toronto, Ryerson/Metropolitan U, Yonge-Dundas Sq, Eaton Ctr, Financials and Medical Health districts. 8 Wellesley is a home to the next generation of Toronto's Elite.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13581816
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Yonge & Wellesley
- Parking
- 1 garage (underground)
- Basement
- Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Metal/Steel Siding, Concrete
- Maintenance
- $1,081/mo
- Exposure
- North
- Days on market
- 2
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
b/i appliances · quartz counter · family size kitchen
sliding doors · led lighting · large closet
north view · window floor to ceiling · large closet
combined w/kitchen · window floor to ceiling · open concept
4 pc ensuite · window floor to ceiling · walk-in closet(s)
combined w/den · separate room · sliding doors
Listed at $4,650/mo, this rental is about 13% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Bay Street Corridor lately, landlords have been getting about 100% of asking and homes lease in about 20 days.
Based on 98 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 98 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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, leased for $5,800/mo
- Bedrooms +$150/mo
- Bathrooms −$100/mo
- Adjusts to $5,850/mo
That comparable adjusts to $5,850/mo; the $5,351/mo estimate above is the median of all 98 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
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 $5,351/mo, median of 98 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.
- Elevator: rare and valuable for accessibility and resale.
- 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 homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Bay Street Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Walker's ParadiseA 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 36 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 22, 2026); conventional rates run a little higher.
Mortgage amount $3,720 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $20
- Property tax
- $3
- Condo / maintenance fees
- $1,081
- Heating
- $0
- Estimated monthly cost
- $1,104
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23
- Toronto municipal land transfer tax
- $23
- Estimated closing costs
- $47
Plus your down payment of $930. 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
- $1,191
- Principal paid down
- $474
- Interest paid
- $717
- Balance remaining
- $3,246
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.