Active
8 Wellesley Street E Unit: PH7
Toronto ON, M4Y 3B2
$1,599,999
$1,061.71 per sqft
Active
2 Beds
2 Baths
1,507 sqft
Condo
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.
40625023
MLSⓇ ID
July 24, 2024
Listed
August 23, 2024
Updated
Map
8 Wellesley Street E Unit: PH7
Toronto ON, M4Y 3B2
Interior Features
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Range Hood, Refrigerator
Laundry Description
In-Suite
Fireplace
Yes
Fireplace Description
Electric
Cooling
No
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric Forced Air
Exterior/Building Features
Lot Features
Urban, City Lot, Library, Park, Public Parking, Rec/Community Centre, Schools, Shopping Nearby
Architectual Style
Loft
Roof
Other
Sewer
Sewer (Municipal)
Other Property Details
Area Name
TC08 - Toronto Central
Taxes
$4,917
Tax Frequency
Annually
Association Fee
$1,743
Association Fee Frequency
Monthly
Association Amenities
Barbecue, Concierge, Fitness Center, Roof Deck, Sauna
Garage
No
Parking Total
1
View
No
County
Toronto
Water Source
Municipal
Pool
No
Zoning
CR