802-400 Wellington Street, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C14082536

$589,000
For Sale
Listed 4 days agoNo offer date stated
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1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Boutique living in the heart of King West.
  • Tucked into one of the neighbourhood's most sought after boutique buildings, this 616 sq ft one bedroom is laid out with 9 ft ceilings and a sleek kitchen with...

Boutique living in the heart of King West. Tucked into one of the neighbourhood's most sought after boutique buildings, this 616 sq ft one bedroom is laid out with 9 ft ceilings and a sleek kitchen with stainless steel appliances, giving you a bright, modern space that's easy to live in and easy to love. Start your morning with coffee on the north facing balcony overlooking the city, or unwind there at the end of the day. Ensuite laundry, parking and a locker are all included, the trio every downtown buyer is looking for. Step outside and The Well is right across the street, with Wellington Market, Indigo, Shoppers, banks and cafés at your doorstep. Some of Toronto's best restaurants, shops and nightlife are a short walk away, and the Financial District, Queens Quay and Spadina are just minutes from home.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C14082536
Bedrooms
1
Bathrooms
1
Size
600-699 sq ft
Cross streets
Wellington St W & Spadina Ave
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$620/mo
Exposure
North
Property tax
$2,911 / 2025
Days on market
4
Listing brokerage
COLDWELL BANKER THE REAL ESTATE CENTRE

Rooms

Dining RoomMain6.20 × 2.60 m

combined w/living · laminate · w/o to balcony

Primary BedroomMain3.20 × 3.20 m

large closet · laminate · large window

Living RoomMain6.20 × 2.60 m

combined w/dining · laminate · w/o to balcony

KitchenMain2.70 × 2.70 m

stainless steel appl · breakfast bar

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is City School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Waterfront Communities C1 · asking prices
$562kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $960/sqft; this home lists at $907/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
589kThis home573k549k569k560k559kThis home vs active comparables

Neighbourhood & location

Waterfront Communities C1, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Kensington-Chinatown
$585K
Niagara
$727K
Church-Yonge Corridor
$876K
Waterfront Communities C8
$554K
Little Portugal
$549K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Ryerson Community School
52%
Ryerson Community SchoolPublic · Elementary · 1.0 km awayBelow the GTA average · 52% meet the provincial standard
ALPHA Alternative Junior SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Oasis Alternative Secondary School · Public secondary0.2 km
Bishop Macdonell Catholic School · Catholic elementary0.5 km · 82% at standard
Jean Lumb Public School · Public elementary0.6 km · 73% at standard
Ogden Junior Public School · Public elementary0.6 km · 69% at standard
The Waterfront School · Public elementary0.9 km · 74% at standard
Niagara Street Junior Public School · Public elementary1.0 km · 82% at standard
Contact Alternative School School · Public secondary1.2 km
Charles G Fraser Junior Public School · Public elementary1.2 km · 74% at standard
Heydon Park Secondary School · Public secondary1.2 km · 8% at standard
Beverley School · Public elementary1.3 km
Subway Academy II · Public secondary1.3 km
Kensington Community School School Junior · Public elementary1.6 km · 97% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,684/mo
$125KIncome needed
4.7×Price ÷ income
$619Weekly cost
$16,510Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

76%mortgage
Mortgage $2,684Property tax $243Condo fee $620Total carry $3,547

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,605per month

Mortgage amount $471,200 · 4.49% over 25 years

$117,800Down payment (20.0%)
$471,200Loan before insurance
$0CMHC premium
$3,468Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,605
Property tax
$243
Condo / maintenance fees
$620
Heating
$0
Estimated monthly cost
$3,468

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,255
Toronto municipal land transfer tax
$8,255
Estimated closing costs
$16,510

Plus your down payment of $117,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,153/monthPayment at the qualifying rate

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

$310,404Total interest paid
$781,604Total of all payments
Principal $471,200 Interest $310,404
YearPrincipalInterestBalance
1$10,515$20,749$460,685
2$10,993$20,272$449,692
3$11,492$19,772$438,200
4$12,013$19,251$426,187
5$12,559$18,705$413,628
6$13,129$18,135$400,499
7$13,725$17,539$386,774
8$14,348$16,916$372,425
9$15,000$16,264$357,425
10$15,681$15,583$341,744
11$16,393$14,871$325,351
12$17,137$14,127$308,214
13$17,915$13,349$290,298
14$18,729$12,535$271,570
15$19,579$11,685$251,990
16$20,468$10,796$231,522
17$21,398$9,867$210,125
18$22,369$8,895$187,756
19$23,385$7,879$164,371
20$24,446$6,818$139,925
21$25,556$5,708$114,368
22$26,717$4,547$87,651
23$27,930$3,334$59,722
24$29,198$2,066$30,524
25$30,524$740$0

At the end of your 5-year term

Total paid over the term
$156,321
Principal paid down
$57,572
Interest paid
$98,749
Balance remaining
$413,628

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.

Let's connect

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

Rental yield
Estimate$2,050/mo
$24,600Gross annual rent
1.9%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

4.2%
Gross yield
− Property tax $2,911− Condo fees $7,440− Insurance $600− Vacancy & upkeep $2,706Net operating income $10,943

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.

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