For RentDowntown CondosEst Lease Timeframe 8 Days
$2,400/mth
1 Bed
1 Bath
0 Parking
646 SQFT
19 Days on Strata
Listing History
Unit Highlights
Possession Date:
January 15, 2025
Lease Term:
1 Year
Property Type:
Soft Loft
Utilities Included:
No
Outdoor Space:
Juliet Balcony
Furnished:
No
Exposure:
South
Locker:
None
Laundry:
Ensuite
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Air Conditioning
Water
Building Maintenance
Excluded
Hydro
Heat
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Laminate, Combined with Dining, Juliette Balcony
0 x 0ft
Dining
Laminate, Combined with Living, Open Concept
0 x 0ft
Kitchen
Laminate, Stainless Steel Appliances, Backsplash
0 x 0ft
About this Listing
Step into one of Toronto's most coveted boutique residences, The Downtown Condos at 508 Wellington St.W. This spacious 1-bedroom/1-bathroom unit, with its floor to ceiling south-facing windows, offers 646 square feet of open-concept living space. Nestled in the vibrant heart of King West, enjoy the convenience of being mere steps away from the bustling Entertainment District, Toronto's newest hot spot The Well, public transportation, and easy highway access for commuters.
royal lepage signature realtyMLS® #C11882178
Amenities
Concierge
Bike Storage
BBQs Allowed
Rooftop Deck
Party Room
Rec 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.
Similar Listings
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
Household Income
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
Maintenance Fees
Downtown Condos vs The King West Area
Building Trends At Downtown Condos
Days on Strata
Units at Downtown Condos spend an average of
29
Days on Strata
based on recent sales
List vs Selling Price
On average, these lofts sell for
3%
below
the list price.
Offer Competition
Lofts in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
6.7
YEARS before being sold againProperty Value
-6%
Decrease in property value within the past twelve months
Price Ranking
44th
Highest price per SQFT out of 101 condos in the King West area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
11
Units were Rented over the past twelve months
Best Value Rank
Downtown Condos offers the best value out of 101 condos in the King West neighbourhood
?
Appreciation Rank
Downtown Condos has the highest ROI out of 101 condos in the King West neighbourhood
?
Rental Yield
Downtown Condos yields the highest rent prices out of 101 condos in the King West neighbourhood
?
High Demand
Downtown Condos is the most popular building out of 101 condos in the King West neighbourhood
?
Transaction Insights at 508 Wellington Street W
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
---|---|---|---|---|---|---|
Price Range | No Data | $475,000 | No Data | No Data | $995,000 | No Data |
Avg. Cost Per Sqft | No Data | $999 | No Data | No Data | $954 | No Data |
Price Range | No Data | $2,000 - $3,000 | No Data | No Data | $5,500 | No Data |
Avg. Wait for Unit Availability | No Data | 79 Days | 913 Days | No Data | 482 Days | 1327 Days |
Avg. Wait for Unit Availability | 351 Days | 31 Days | No Data | 467 Days | 338 Days | No Data |
Ratio of Units in Building | 4% | 74% | 5% | 7% | 10% | 3% |
Transactions vs Inventory
Total number of units listed and leased in King West