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New2 hours ago

TH1 - 508 Wellington Street W

Waterfront Communities C1, Toronto

$1,599,000

Condo Townhouse |
3 | 3 | 1 | 1
About this home

An exceptionally rare opportunity in the heart of King West! Welcome to this impressive 2-storey, over 1,600 sq. ft. townhouse offering a unique blend of urban sophistication, space and versatility. Featuring 3 bedrooms, a generous den and 3 bathrooms, this distinctive property stands out with its soaring ceilings, dramatic oversized staircase and expansive windows that flood the space with natural light. The true differentiator? Rare live/work zoning, opening the door to endless possibilities for both residential and business use. Perfectly positioned directly across from The Well. Toronto's best dining, shopping, cafés and entertainment are right at your doorstep. Includes parking and a private, street level entrance. A one-of-a-kind offering for those seeking more than just a place to live.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1600-1799 sq. ft.
Maintenance Fees$1,880
LockerOwned
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$7,224
mls© NumberC14149974
Listed BySUTTON GROUP-ADMIRAL REALTY INC.
Water Included
Building Insurance Included
Parking Included
Common Elements Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$8,184
Property tax
$602
Heat allowance
$150
Condo fees, half counted
$940
Housing costs
$9,877 / mo

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

Down payment20% · $319,800
25-yr amortization

Income needed

$304,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

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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