PH7 - 8 Wellesley St E
Listing History
Unit Highlights
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- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Fan Coil
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About this Listing
Looking for a RARE investment opportunity or a stunning spacious Penthouse Loft to call home in the heart of the city? This stunning 2+1 Bed Penthouse loft, nestled at Yonge and Wellesley, presents a rare chance to indulge in urban sophistication. Boasting 1,507 sq.ft of exquisite space, this boutique condo offers an unparalleled blend of style, comfort, and convenience. Designed with the discerning investor in mind, this property presents a lucrative opportunity for short-term rentals and generated $111,936 in AirBnb bookings in 2023.8 Wellesley is a rare investment opportunity as it falls into a small group of condominiums which allow for STRs (short term rentals). Capitalize on Toronto's thriving hospitality industry and maximize your investment potential with ease. Whether you're looking to generate passive income or establish a place to call home in the heart of downtown, this residence offers endless possibilities.The soaring 13.5-foot concrete coffered ceilings enhance the sense of openness and freedom & the expansive layout provides ample space for relaxation, work, and entertainment. Experience the meticulous attention to detail throughout, including a custom industrial iron staircase to the mezzanine, Mahogany flooring, a fully upgraded 6 piece ensuite in the primary bedroom and a beautiful galley kitchen. The large windows flood the interior with natural light, creating a warm and inviting ambiance. Indulge in the ultimate urban lifestyle with unparalleled access to amenities, dining, shopping, and entertainment. From trendy cafes and boutiques to world-class cultural institutions, everything you desire is just steps away. Embrace the vibrancy of city living while enjoying the tranquility of your private sanctuary.
ExtrasIncognito Subzero Refrig/Freezer, Dacor Gas Cooktop & Wall Oven, Range Hood, Dw, Stackable W & D, Bar Fridge, Elfs, Window Coverings
engel & volkers oakvilleMLS® #C9056543
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
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Building Trends At Eight Wellesley Street East
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Transaction Insights at 8 Wellesley Street
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|
Price Range | No Data | No Data | $720,000 - $725,000 | No Data | No Data |
Avg. Cost Per Sqft | No Data | No Data | $734 | No Data | No Data |
Price Range | $2,250 - $2,600 | No Data | $2,400 - $3,150 | No Data | No Data |
Avg. Wait for Unit Availability | 152 Days | 536 Days | 122 Days | 943 Days | 1124 Days |
Avg. Wait for Unit Availability | 120 Days | 965 Days | 99 Days | 1016 Days | 605 Days |
Ratio of Units in Building | 34% | 8% | 45% | 6% | 9% |
Transactions vs Inventory
Total number of units listed and sold in Church - Toronto