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$750,000
50 Wellesley Street · Toronto · Ontario M4Y 1G2
100 days on market
Discover urban living at its finest in this stunning 2-bedroom, 2-bathroom condo located in the heart of downtown Toronto. This spacious 743 sq.ft. unit features a smart open-concept layout, 9-foot ceilings, and floor-to-ceiling windows that offer unobstructed east-facing views and flood the space with natural light. Enjoy the luxury of a full-length private balcony, perfect for relaxing or entertaining, and high-end finishes throughout, including laminate flooring, quartz countertops, an under…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: RE/MAX ULTIMATE REALTY INC.
Source: TRREB/PROPTX · MLS® C13564988
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20%+ down — no CMHC premium
≈ $0.13/ft² × ~750 ft² · incl. electric heat
Electric heat — no gas service · see hydro
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 47% of your true cost of ownership. The other 53% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $34,143 | $2,845/mo |
| Government & taxes | ||
| Property tax | $4,097 | $341/mo |
| Land transfer tax(closing) | $11,475 | $956/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $7,500 | $625/mo |
| Condo fees | ||
| Condo / HOA fees | $6,451 | $538/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $72,827 | $6,069/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.