1405-81 Wellesley St
Church-Yonge Corridor, Toronto, Ontario M4Y 0C5
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $854at the range’s middle
- Tax a year
- $5,1342025 tax year
- Built
- 0-5
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1405-81 Wellesley St
1405-81 Wellesley St is a 2-bedroom, 2-bathroom condo in Church-Yonge Corridor, Toronto, listed for sale at an asking price of $939,000 (MLS® C13504550).
Welcome to unit 1405, this stunning 2-bedroom, 2-bathroom condo at 81 Wellesley, perfectly situated in the heart of downtown Toronto and 1 block from Wellesley subway station. Built in 2023, this sleek and contemporary building offers the perfect blend of luxury and comfort with amenities just steps from the front door, that make everyday life a little bit easier. Boasting over 1,100 sq. ft. of modern living space, this sleek unit features floor-to-ceiling windows that flood the space with natural light. Both bedrooms are generously sized, with views of the CN tower from the primary bedroom. The second bedroom has a high-end custom-made wall bed, for functionality and convenience with guests. The incredible kitchen is a true standout, with sleek, modern finishes, a custom built in island, upgraded modern appliances and ample counter space, perfect for preparing meals or entertaining guests. The open concept living space is designed to maximize both style and functionality. With access to the large balcony, overlooking the city skyline from the 14th floor.81 Wellesley includes amazing amenities for residents, including a spacious high-end fitness room, meeting space for guests and a spacious terrace to enjoy in the summer months. Located just steps from everything downtown Toronto has to offer - world-class dining, shopping, entertainment, and easy access to public transit - you'll have everything you need right at your doorstep.*This unit includes 1 owned parking space.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall10/100−$2,778/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 182 condos with 2 bedrooms for lease in Church-Yonge Corridor 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
- $5,134 / 2025
- MLS® number
- C13504550
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Church-Yonge Corridor
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Building Age
- 0-5
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Extras
- Dishwasher, Washer, Dryer, Fridge, Stove, Light Fixtures, Custom Built-in Wall bed, Custom TV Shelving unit.
- Condo maint.
- $866
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 1405-81 Wellesley 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 | $939,000 | N/A | For Sale | C13504550 |
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
- $187,800
- Total mortgage amount
- $751,200
- Total interest payment
- $534,000
- Total purchase cost
- $1,473,000
- Mortgage payment
- $4,284/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
72%Monthly carrying cost
$5,578- Rent $2,800
- Shortfall $2,778
Rental income opens at $2,800, the median asking rent of 182 comparable homes for lease in Church-Yonge Corridor. 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
- $15,255
- Toronto municipal land transfer tax
- $15,255
- Total land transfer tax
- $30,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $22,035
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 $939,000
- $10,780
- Ontario total
- $15,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $15,255.
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 conservation4
- 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 m89 test or monitoring holes also recorded.250 m
- Groundwater recorded about 12.5 m below ground nearbyThe middle water level in the well records within 500 m (471 records). It changes with the season and from spot to spot.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
- 55 building permits issued within 250 m in the last 2 years250 m
- 40 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 3.6 km3.6 km
- Mapped parcel: about 9,970 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 home1
- 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
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Walton Street Steam Plant, 980 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about 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 a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- 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, Routcom, 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
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check 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
Zone
CR 3.0 (c1.7; r3.0) SS1 (x2145)By-law
569-2013Municipality
Toronto1 3.0
Density: total floor area is capped at 3.0 times the lot area.
2 c1.7
Commercial floor area is capped at 1.7 times the lot area.
3 r3.0
Residential floor area is capped at 3.0 times the lot area.
4 x2145
Site-specific exception 2145: this site has rules of its own, written in the by-law.
5 SS1
Standards set 1: the setback, height and coverage rules the by-law applies to this zone.
6 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(2145)
7 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
12 building permits cleared at this address in the City’s file.
Building Permit Related(PS)Inspection
Plumbing - Proposed interior alterations for tenant fit-up for retail unit.
Issued November 7, 2024
Building Permit Related(MS)Inspection
HVAC - Proposed interior alterations for tenant fit-up for retail unit.
Issued November 7, 2024
Interior AlterationsInspection
Proposed interior alterations for tenant fit-up for an eating establishment use in the commercial unit.
Issued November 7, 2024
New BuildingRevision Issued
REVISION - revisions including fire separations and fire sprinklersProposal to construct a new 28 storey mixed use building consiting of 179 residential units and commercial space at grade. See also 15 247190 STE.
Issued November 9, 2021
Building Permit Related(PS)Revision Issued
Revision to vent pipes, prime riser, stand by fire pump, storm main, air shaft. (detailed revision list provided).
Issued November 14, 2019
Building Permit Related (DR)Revision Issued
REV01: Revision to permit 16-171687 DRN as per bubbled area and attached cover letter.Drain - Proposal to construct a new 28 storey mixed use building consiting of 179 residential units and commercial space at grade. See also 15 247190 STE.
Issued October 3, 2019
Partial Permit - Structural FramingCancelled
Part Permit - Proposal to construct a new 28 storey mixed use building consiting of 179 residential units and commercial space at grade. See also 15 247190 STE.
Completed April 15, 2020
Building Permit Related(MS)Inspection
HVAC - Proposal to construct a new 28 storey mixed use building consiting of 179 residential units and commercial space at grade. See also 15 247190 STE.
Issued June 5, 2019
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.
68 WELLESLEY ST ESite planAppeal Received
Site Plan Approval for a 28 storey, mixed-use building with a total of 17,523.3 m2 of gross floor area, comprised of 16,903.4 m2 of residential GFA and 619.9 m2 of non-residential GFA. Approximately 258 residential dwelling units are proposed.
60 m away110 MAITLAND STOfficial plan or zoning amendmentOMB Appeal
Combined Official Plan & Zoning By-law Amendment for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units, and a total of approximately 4,739 square metres of institutional space for the Garry Hurvitz Centre for Community Mental Health at SickKids located in 440 Jarvis Street.
90 m away110 MAITLAND STSite planUnder Review
Site Plan Approval for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units, and a total of approximately 4,739 square metres of institutional space for the Sick Kids Centre for Community Mental Health located in 440 Jarvis Street.
90 m away552 CHURCH STPlan of subdivisionUnder Review
1 block
90 m away556 CHURCH STPlan of subdivisionUnder Review
1 block
100 m away114 MAITLAND STOfficial plan or zoning amendmentOMB Appeal
Combined Official Plan & Zoning By-law Amendment for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units, and a total of approximately 4,739 square metres of institutional space for the Garry Hurvitz Centre for Community Mental Health at SickKids located in 440 Jarvis Street.
110 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 Church-Yonge Corridor right now
- For sale now
- 365
- Median asking price
- $580K
- New in 7 days
- 44
- Price cuts
- 19%
Middle half: $488K to $750K
139 in 28 days
71 listings
This home is asking 62% above the median, higher than three quarters of them.
See all homes in Church-Yonge CorridorAsking 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 |
|---|---|---|
| Wellesley Station | TTC subway: Line 1 Yonge-University | 250 m |
| College Station | TTC subway: Line 1 Yonge-University | 600 m |
| Bloor-Yonge Station | TTC subway: Line 1 Yonge-University, Line 2 Bloor-Danforth | 750 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 2.2 km |
| Eglinton Station | TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton | 4.7 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 |
|---|---|---|---|
| Church Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 250 m | 72%Grade 6 average |
| Our Lady of Lourdes Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 450 m | 66%Grade 6 average |
| Winchester Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 750 m | 77%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.2 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Native Learning CentreToronto DSB | Public · grades 9–12 | 200 m | — |
| Jarvis Collegiate InstituteToronto DSB | Public · grades 9–12 | 250 m | 34%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 400 m | 86%Grade 9 math |
| Msgr Fraser College (Isabella Campus)Toronto CDSB | Catholic · grades 9–12 | 550 m | — |
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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