TH1-508 Wellington St
Waterfront Communities C1, Toronto, Ontario M5V 0K8
- Bedrooms
- 3+1
- Bathrooms
- 3
- Size
- 1,600–1,799sq ft
- Per sq ft
- $941at the range’s middle
- Tax a year
- $7,2242025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About TH1-508 Wellington St
TH1-508 Wellington St is a 3+1-bedroom, 3-bathroom condo townhouse in Waterfront Communities C1, Toronto, listed for sale at an asking price of $1,599,000 (MLS® C14149974).
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.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall10/100−$4,877/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 10 homes with 4 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $7,224 / 2025
- MLS® number
- C14149974
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1600-1799 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc 2nd, 1 × 4pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Extras
- Fridge, stove, dishwasher, washer, dryer, blinds, electrical fixtures
- Condo maint.
- $1,880
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Family | 3.17 × 3.85 m | Large Window, 2 Pc Bath | Ground |
| Kitchen | 3.17 × 3.49 m | Centre Island | Ground |
| Bathroom | 3.0 × 1.83 m | — | Ground |
| Dining | 3.06 × 2.53 m | Large Window | Ground |
| Primary | 2.9 × 4.42 m | 4 Pc Ensuite, carpet free, Double Closet | 2nd |
| 2nd Br | 3.21 × 3.96 m | Closet | 2nd |
| 3rd Br | 3.17 × 3.46 m | Large Window | 2nd |
| Den | 2.53 × 4.29 m | — | 2nd |
Listing history
Buy/sell history for TH1-508 Wellington St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,599,000 | N/A | For Sale | C14149974 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $319,800
- Total mortgage amount
- $1,279,200
- Total interest payment
- $909,300
- Total purchase cost
- $2,508,300
- Mortgage payment
- $7,295/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
73%Monthly carrying cost
$9,777- Rent $4,900
- Shortfall $4,877
Rental income opens at $4,900, the median asking rent of 10 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $28,455
- Toronto municipal land transfer tax
- $28,455
- Total land transfer tax
- $56,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $48,435
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,599,000
- $23,980
- Ontario total
- $28,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $28,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m138 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (608 records). It changes with the season and from spot to spot.500 m
- Bedrock about 10.4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 138 building permits issued within 250 m in the last 2 years250 m
- 22 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.1 km1.1 km
- Mapped parcel: about 8,700 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 240 m240 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 4 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
8 building permits cleared at this address in the City’s file.
Interior AlterationsInspection
Installation of new interior stair and landing and rated entry door to corridor serving a two storey suite - Townhouse 2
Issued March 29, 2022
Electromagnetic LocksInspection
Proposal to install 2 mag locks on the ground floor of existing condo.
Issued October 8, 2013
SprinklersInspection
Sprinklers in connection to BLD 11 288242.
Issued June 21, 2013
Building Permit Related(MS)Revision Issued
Revise HVAC on ground floor and 2nd floor to reinstate residential townhouses and delete commercial space.
Issued June 20, 2013
New BuildingInspection
Proposal to construct a 11 storey residential builidng with 89 dwelling units.Total 28 parking spaces provided (including 5 off-site parking spaces). See 3 demo permits (508, 512, and 516 wellington St W). Lot comprised of 508, 512 and 516 Wellington St. W.
Issued May 21, 2013
Building Permit Related(FS)Application On Hold
FS - Sprinkler Shop Drawing - Proposal to construct a 11 storey residential builidng with 89 dwelling units.. See 3 demo permits (508, 512, and 516 wellington St W). 508-516 WELLINGTON ST W.
Applied December 6, 2012
Building Permit Related(PS)Closed
Proposal to construct a 11 storey residential builidng with 89 dwelling units.Total 28 parking spaces provided (including 5 off-site parking spaces). See 3 demo permits (508, 512, and 516 wellington St W). Lot comprised of 508, 512 and 516 Wellington St. W..
Issued November 27, 2012
Building Permit Related (DR)Closed
SEE PLB FOR DRAWIINGS - Drain -Proposal to construct a 11 storey residential builidng with 89 dwelling units.Total 28 parking spaces provided (including 5 off-site parking spaces). See 3 demo permits (508, 512, and 516 wellington St W). Lot comprised of 508, 512 and 516 Wellington St. W.
Issued November 27, 2012
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
71 PORTLAND STSite planUnder Review
Proposed 40-storey, 123 metre, mixed-use building containing 413 residential units.
50 m away71 PORTLAND STSite planUnder Review
Proposed mixed-use building containing 1,058 units, 23-storey and 27-storey towers atop a nine-storey base building.
50 m away489 WELLINGTON ST WCondominiumUnder Review
*** Draft Plan of Condominium for 117 units.
70 m away485 WELLINGTON ST WCondominiumUnder Review
*** Draft Plan of Condominium for 117 units.
90 m away467 WELLINGTON ST WSite planUnder Review
Site Plan Application to facilitate the redevelopment of the site with a 23-storey mixed-use building with retail at-grade and residential above. 225 residential units are proposed. This application is being reviewed in conjunction with the associated Site Plan Application File No. 22 179828 STE 10 OZ.
110 m away539 KING ST WCondominiumUnder Review
Draft Plan of Standard Condominium for 439 units.
130 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 12
- Median asking price
- $1.17M
- New in 7 days
- 3
- Price cuts
- 17%
Middle half: $824K to $1.43M
7 in 28 days
2 listings
This home is asking 36% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.5 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.6 km |
| King Station | TTC subway: Line 1 Yonge-University | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 500 m | 75%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 550 m | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 600 m | 83%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.6 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| City SchoolToronto DSB | Public · grades 9–12 | 850 m | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.3 km | 8%Grade 9 math |
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 1.8 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.8 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.