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    Toronto / Downtown / King West

    509 - 508 WELLINGTON St W

    For SaleDowntown Condos
    $399,000
    1 Bed
    1 Bath
    0 Parking
    516 SQFT
    3 Days on Strata
    Est Sell Timeframe
    7 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $563/mth
    Taxes:
    $2,525 (2024)
    Cost Per Sqft:
    $773/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    To Be Determined
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Laminate, Walkout To Balcony
    15.22 x 8.01ft
    Dining
    Open Concept, Laminate, Combined with Living
    15.22 x 8.01ft
    Bedroom
    Sliding Doors, Laminate, Closet
    8.3 x 10.37ft

    About this Listing

    Experience the epitome of urban living in this stunning 11-storey boutique building, nestled at the vibrant intersection of Wellington and Portland in Central King West. This sought-after condo is situated in a dynamic neighbourhood, offering unparalleled access to TTC, renowned restaurants, lively nightclubs, and the much anticipated complex, The Well.Step inside to discover an open-concept 1-bedroom unit with modern finishes throughout. Enjoy the spacious living area that seamlessly flows into a large balconyperfect for outdoor relaxation and entertaining. With floor to ceiling windows this space has tons of natural light. This property offers both luxury and prime location, making it an excellent choice for a starter home or investment. Additional features include a convenient storage locker.

    ExtrasFRIDGE, STOVETOP, OVEN, WASHER, DRYER, DISHWASHER, ALL ELECTRIC LIGHT FIXTURES, ALL WINDOW COVERINGS

    royal lepage signature realtyMLS® #C9352846

    Amenities

    Media Room
    Rooftop Deck
    BBQ
    Rec Room
    Bike Storage
    Security System

    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
    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

    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
    1
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    5%
    below
    the list price.

    Offer Competition

    Lofts 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
    6.8
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 103 condos in the King West area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    12
    Units were Rented over the past twelve months

    Best Value Rank

    Downtown Condos offers the
    ?
    best value out of 103 condos in the King West neighbourhood

    Appreciation Rank

    Downtown Condos has the
    ?
    highest ROI out of 103 condos in the King West neighbourhood

    Rental Yield

    Downtown Condos yields the
    ?
    highest rent prices out of 103 condos in the King West neighbourhood

    High Demand

    Downtown Condos is the
    ?
    most popular building out of 103 condos in the King West neighbourhood

    Transaction Insights at 508 Wellington Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed + Den
    Price RangeNo DataNo DataNo DataNo Data$995,000No Data
    Avg. Cost Per SqftNo DataNo DataNo DataNo Data$954No Data
    Avg. Wait for Unit AvailabilityNo Data71 Days913 DaysNo Data482 Days1327 Days
    Ratio of Units in Building4%74%5%7%10%3%

    Transactions vs Inventory

    Total number of units listed and sold in King West