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New3 hours ago

304 - 62 Wellesley Street W

Bay Street Corridor, Toronto

$745,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Wait until you see this impressive tree-skimming, one bedroom plus TWO SOLARIUMS, 1245 sf suite in the heart of Queen's Park, U of T & Yorkville. Superbly nestled in one-of-the-most coveted enclaves in-town, with sparkling light & leafy park-like views, this is uniquely sophisticated living. Never lived in by the present owner, & meticulously maintained, this is a superb blend of classic & modern architecture. Featuring an open concept with a large dining room, perfect for dinner parties, overlooking the sunken living room that seamlessly flows to a versatile sitting room/solarium with wrap-around windows beyond - the space is luxurious. The spacious bedroom with wall of closets also boasts a separate sitting room/solarium with beautiful, airy views and is ideal for a home office or private reading alcove, making this a haven of tranquility & a rare find indeed. Truly, this reads as a very flexible 5+-room suite with its ample storage & its ensuite locker which could also be used as a small office. The easy flow, along with the practicalities of a full-size stacked washer & dryer, a 4-year-old fan coil unit & underground parking makes for an incomparable lifestyle. EXTRAS: An indoor pool, rooftop gardens, a fitness centre, a racquetball court, a sauna, a meeting room & 24-hout concierge are the prized, sought-after extras in this luxury building of just 101 suites. Here, this unparalleled vibrant location encompasses the "Mink Mile" with its international boutiques & top restaurants, U of T, Metropolitan (Ryerson) University, UHN Hospitals (4), lush parks, world-class museums & galleries, indoor food emporiums & 2 subway lines, with the Wellesley subway station steps away. Downtown, the Eaton's Centre & the financial district are walkable.

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size1200-1399 sq. ft.
Maintenance Fees$1,122
LockerEnsuite
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,998
mls© NumberC14117586
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,813
Property tax
$333
Heat allowance
$150
Condo fees, half counted
$561
Housing costs
$4,858 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $149,000
25-yr amortization

Income needed

$149,000

gross annual household income

Payment at 4%
$3,135 / mo
Cash down
$149,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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