Maintenance Fees
The Star of Downtown vs The Cabbagetown Area
701 - 225 Wellesley St E
For SaleThe Star of Downtown
8 Days on Strata
$785,000
2 Beds + 1
2 Bath
1 Parking
959 SQFT
Listing History
2025 - Mar 19
for sale$785,000
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Unit Highlights
Property Type:
Condo
Maintenance Fees:
$802/mth
Taxes:
$2,758 (2024)
Cost Per Sqft:
$819/sqft
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
South
Possession Date:
60-90 days
About this Listing
Nestled within the most sought after Downtown location. This Two-Bedroom, Two-Bathroom bright and spacious 959 sqft unit embodies the pinnacle of modern living with open balcony with unobstructed views. Modern functional layout with open concept living room bathed in natural light. Kitchen features modern s/s appliances, quartz countertop creating an ideal setting for entertaining. Large master bedroom includes two closets with luxurious 5pc ensuite with soaking tub and a separate enclosed shower. The second bedroom with full closet with access to the balcony where you can savor your morning coffee or enjoy evening sunsets. Great south views of the city, fantastic amenities such as 24 hour security, fitness room, car wash, steam room, party room, library room, visitor parking and the breathtaking rooftop terrace on the 12th floor. Close proximity to public transit, grocery, restaurants, parks and various amenities. This location is perfectly tailored for those who seek sophistication and convenience in the heart of the city.
ExtrasS/s stove, fridge, dishwasher, washer/dryer, microwave, overhead exhaust, electrical fixtures.
ipro realty ltd.MLS® #C12028179
Features
Amenities
Business Centre
Party Room
Gym Room
Car Wash
Visitor Parking
Sauna
Concierge
Rooftop Deck
Media Room
BBQs Allowed
Bike Storage
Indoor Parking
Security System
Rec Room
Maintenance Fees
Included
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- No Data
- Heating
- Forced Air
Room Dimensions
Kitchen
Stainless Steel Appliances, Granite Counter, Breakfast Bar
10.01 x 6.99ft
Living
Large Window, Open Concept, Laminate
19.69 x 9.74ft
Dining
Combined with Living, Laminate
19.69 x 9.74ft
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
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Commute Calculator
9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
9/10
Transit
So frequent, you might accidentally start collecting tickets.
7/10
Bikeability
The bike lane starts to feel like a second home.
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
15,212
Average Individual Income
$67,505
Average Household Size
3 persons
Average Age
47
Average Household Income
$115,353
Dominant Housing Type
Detached
Population By Age
Household Income
Housing Types & Tenancy
Detached
41%
Semi Detached
28%
High Rise Apartment
15%
Low Rise Apartment
8%
Duplex
5%
Marital Status
Commute
Languages (Primary Language)
Other
73%
Mandarin
12%
Cantonese
9%
Tagalog
2%
French
1%
Arabic
1%
Spanish
1%
Armenian
1%
Education
University and Above
34%
High School
26%
College
16%
None
15%
Apprenticeship
3%
University Below Batchelor
3%
Major Field of Study
Business Management
26%
Architecture & Engineering
18%
Health & Related Fields
12%
Social Sciences
12%
Math & Computer Sciences
7%
Humanities
5%
Physical Sciences
5%
Education
4%
Personal, Protective & Transportation Services
3%
Visual & Performing Arts
3%
Agriculture & Natural Resources
1%
Building Trends At The Star of Downtown
Days on Strata
Units at The Star of Downtown spend an average of
24
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Cabbagetown
Turnover of Units
On average, each unit is owned for
5.4
YEARS before being sold againProperty Value
4%
Increase in property value within the past twelve months
Price Ranking
8th
Highest price per SQFT out of 37 condos in the Cabbagetown area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
5
Units were Rented over the past twelve months
Best Value Rank
The Star of Downtown offers the best value out of 37 condos in the Cabbagetown neighbourhood
?
Appreciation Rank
The Star of Downtown has the highest ROI out of 37 condos in the Cabbagetown neighbourhood
?
Rental Yield
The Star of Downtown yields the highest rent prices out of 37 condos in the Cabbagetown neighbourhood
?
High Demand
The Star of Downtown is the most popular building out of 37 condos in the Cabbagetown neighbourhood
?
Market Insights
Transaction Insights at The Star of Downtown
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | No Data | $555,000 | $709,000 | $782,000 |
| Avg. Cost Per Sqft | No Data | $807 | $841 | $841 |
| Price Range | $2,400 | $1,050 - $2,500 | $2,800 | No Data |
| Avg. Wait for Unit Availability | 313 Days | 119 Days | 94 Days | 285 Days |
| Avg. Wait for Unit Availability | 300 Days | 172 Days | 181 Days | 363 Days |
| Ratio of Units in Building | 15% | 27% | 45% | 15% |
Market Inventory
Total number of units listed and sold in Cabbagetown
