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    183 Wellington Street W

    Residences of The Ritz Carlton
    6for Sale
    7for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    52
    Number of Units:
    158
    Condo Completion:
    2011
    Condo Demand:
    Low
    Unit Size Range:
    1,255 - 6,020 SQFT
    Unit Availability:
    Low

    Listing History for Residences of The Ritz Carlton

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    Amenities

    Party Room
    Visitor Parking
    Gym Room
    Sauna
    Rec Room
    Indoor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 183 Wellington Street WResidences of The Ritz Carlton

    First there are condos built within hotels, and then there are the Residences of the Ritz Carlton. And in terms of condo living, it doesn’t get all that much more luxurious than this.

    The 52-storey mixed-use structure at 183 Wellington Street West serves two purposes: to pamper its star-studded lineup of hotel guests, and to please its long-term residents. Built in 2011, the building manages to feel exclusive regardless of its size, since only 158 King West condos are actually available for purchase here.

    The first 20 floor make up the Ritz Carlton Toronto hotel, with the residences located above. Thankfully, the building has a separate entrance just for residents — especially handy for when paparazzi are outside the hotel lobby, waiting for Benedict Cumberbatch to leave for the day.

    For those who prefer to stay away from the spotlight, there's plenty of separation between residents and hotel guests. For example, the lounge and terrace on the 21st storey is only for homeowners living at the Residences of the Ritz Carlton Condos.

    However, when residents decide they do want celebrity sightings in their lives, they will simply need to head over to the hotel lounge, known as DEQ.

    Toronto condos for sale at 183 Wellington Street have attracted many buyers who work in the financial field, perhaps because they are so large and luxurious and one needs that kind of salary to be able to afford a place here.

    Residents who do decide to shell out the cash for a spot in the building also benefit from hotel-style perks, such as room service, a cleaning service, 24-hour valet, a spa and pool, and of course a colossal ballroom.

    Friends of residents are in luck as well, thanks to the guest suites available to owners. But the amenities don’t stop there: residents also have access to a concierge, visitor parking, gym, party room, sauna, cinema room, and meeting room, as well as direct access to the PATH and subway.

    The Suites

    With units starting at approximately 1,200 square feet, there are no small spaces at 183 Wellington Street West. In fact, these downtown Toronto condos range from comfortable to colossal, with the largest homes in the building spanning around 11,000 square feet.

    Sometimes, one’s location within a building makes all the difference. At the Residences of the Ritz Carlton, units that grace the uppermost levels afford their residents clear views of the CN Tower and Lake Ontario, with corner units boasting panoramic vistas of the city below. Some might want to invest in a pair of binoculars, since they will be able to see right into the Rogers Centre — when the dome is open of course.

    While floor-to-ceiling windows can be found throughout the homes at 138 Wellington West, even large and luxurious suites don’t necessarily come with private outdoor spaces. For this reason, those who love spending time outdoors will need to head over to the residents’ lounge for sunbathing or dining al fresco.

    Unsurprisingly, these homes are finished with elegant materials like hardwood and marble. Elegant kitchens, massive bedrooms, and high ceilings can also be expected in all units. Homes start with two bedrooms and only grow from there, with one spectacular condo boasting 4 bedrooms, 3 bathrooms, a library, and 2 parking spaces.

    The Neighbourhood

    Residents living at 183 Wellington Street West better love city life, because it doesn’t really get more central than this.

    And they don’t call it the Entertainment District for nothing: the attractions surrounding the Residences of the Ritz Carlton are so abundant they are hard to count. Within a short walk, residents can reach the Rogers Centre and the Scotiabank Arena for concerts and sporting events, the CN Tower, the Ripley’s Aquarium, and the Harbourfront Centre and Power Plant Contemporary Art Gallery.

    For more refined evenings on the town, those living at 183 Wellington West can head up to King Street for a live show at the Royal Alexandra or Princess of Wales Theatre, or a Toronto Symphony Orchestra performance at Roy Thompson Hall.

    When the pantry is running low, residents can head over to the Longo’s Maple Leaf Square, which takes around 10 minutes to reach on food. A little farther off — but worth the trek for its quality — is the Saks Food Hall by Pusateri’s, located at the corner of Queen and Yonge.

    Green spaces are also abundant, with Roundhouse Park, HTO Park, Clarence Square Park, and David Pecaut Square all within walking distance of 183 Wellington Street West.

    Transportation

    For those who prefer to forgo driving — and therefore the all too common downtown traffic jams — the subway is thankfully just around the corner. The PATH provides residents with direct access to the subway, and also acts as a way to get around the city on foot without having to go outside.

    St. Andrew Station takes about 6 minutes to reach, with a trip to Union Station taking just a few minutes more. From either of these, subway trains heading north or south will transport travelers to numerous areas around the city.

    Drivers can quickly hop onto the Gardiner Expressway, making a ride east or west as painless as can be.

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    Explore King West

    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 condos

    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%

    Days on Strata

    Units at Residences of The Ritz Carlton spend an average of
    60
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    29%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    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

    20
    Units were Rented over the past twelve months

    Best Value Rank

    Residences of The Ritz Carlton offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    Residences of The Ritz Carlton has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    Residences of The Ritz Carlton yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    Residences of The Ritz Carlton is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 183 Wellington Street W

    Studio1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$2,130,000 - $5,100,000$6,750,000No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$1,812$2,921No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data110 Days112 Days360 Days1215 Days312 Days
    Ratio of Units in Building1%33%49%11%5%5%

    Unit Sales vs Inventory

    Total number of units listed and sold in King West