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    Toronto / Downtown / King West

    2503 - 183 Wellington St W

    For SaleResidences of The Ritz Carlton
    $2,990,000
    2 Beds
    2 Bath
    1 Parking
    1,700 SQFT
    58 Days on Strata
    Est Sell Timeframe
    7 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $2,549/mth
    Taxes:
    $8,695 (2023)
    Cost Per Sqft:
    $1,759/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North East
    Possession Date:
    October 1, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Other
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Marble Floor, Pot Lights, Elevator
    0 x 0ft
    Living
    Hardwood Floor, Windows Floor to Ceiling, Gas Fireplace
    23.26 x 16.6ft
    Dining
    Hardwood Floor, Combined with Living, Pot Lights
    23.26 x 16.6ft

    About this Listing

    Welcome To The Ritz-Carlton Residences - Luxury Living At Its Finest! Impeccably Finished 2 Bedroom, 2 Bathroom Corner Suite Spanning Just Shy of 1,700 SF. Rarely Available, Private Elevator Opening Directly Into Suite Foyer. Open Concept, Split Floorplan, Soaring 10Ft Ceilings, Herringbone Hardwood & Marble Flooring Throughout. Chefs Kitchen Offers Upgraded Stone Countertops, Gas Cooktop, & Integrated Sub-Zero/Wolf Appliances + Wine Fridge. Sweeping, Unobstructed City Views. Primary Bedroom Retreat Boasts Custom Walk-In Closet & Spa-Like 5Pc. Ensuite. Enjoy Access To 5 Star Hotel Amenities: Spa, Pool, Fitness Centre, 24Hr Residential Concierge & Valet, 21st & 22nd Floor Sky Lobby/Lounge w/ Residences Private Terrace, BBQ's & Outdoor Kitchen.

    ExtrasAll Light Fixtures & Window Coverings (Drapery + Motorized Shades) Included. B/I Miele, Wolf, & Sub-Zero Appliances. Custom Closet (Prim. Bed), Stacked LG Washer/Dryer, & Gas Fireplace. 1 Parking & 1 Locker Included.

    psrMLS® #C9053044

    Amenities

    Media Room
    Indoor Pool
    Guest Suites
    Car Wash
    Visitor Parking
    Party Room

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Building Trends At Residences of The Ritz Carlton

    Days on Strata

    Units at Residences of The Ritz Carlton spend an average of
    77
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    10%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    5.8
    YEARS before being sold again

    Property Value

    39%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 103 condos in the King West area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    18
    Units were Rented over the past twelve months

    Best Value Rank

    Residences of The Ritz Carlton offers the
    ?
    best value out of 103 condos in the King West neighbourhood

    Appreciation Rank

    Residences of The Ritz Carlton has the
    ?
    highest ROI out of 103 condos in the King West neighbourhood

    Rental Yield

    Residences of The Ritz Carlton yields the
    ?
    highest rent prices out of 103 condos in the King West neighbourhood

    High Demand

    Residences of The Ritz Carlton is the
    ?
    most popular building out of 103 condos in the King West neighbourhood

    Transaction Insights at 183 Wellington Street W

    Studio1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$5,100,000$6,750,000No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$2,366$2,921No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data110 Days107 Days338 Days1215 Days312 Days
    Ratio of Units in Building1%33%49%11%5%5%

    Transactions vs Inventory

    Total number of units listed and sold in King West