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    159 Wellesley Street E

    159SW Condominium
    3for Sale
    9for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    36
    Number of Units:
    362
    Condo Completion:
    2019
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 1,094 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for 159SW Condominium

    Receive listing updates for Cabbagetown

    Amenities

    Concierge
    Bike Storage
    BBQs Allowed
    Rooftop Deck
    Party Room
    Guest Suites

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 159 Wellesley Street E159SW Condominium

    Located at 159 Wellesley Street East, on the corner of Wellesley and Sherbourne, this 36-storey building contains 364 downtown Toronto condos and offers an array of modern amenities; high speed modems are included in all suites, there's a full fitness studio, a relaxing sauna, yoga room, game zones with foosball and billiards, outdoor BBQ space, bicycle parking and repair room, a wrap around outdoor track, and much more.

    159SW Condominium has a sleek, dark metal and glass exterior, with stylized windows to give the building a textured look. Toronto condos for sale here start in the 500s for smaller condos, up to $800,000 for larger suites. Given that this is a new building in an excellent neighbourhood, there's good investment opportunity in these condos.

    The Suites

    159SW Condominium offers 1 bedroom, 1 bedroom + den, 2 bedroom, and 3 bedroom condos. There are a lot of different layouts to choose from, as 1 bedroom units are based on ten unique blueprints, with sizes that range from 470 to 648 square feet for a 1 bedroom + den. 2 bedroom condos vary from 668 to 838, and 3 bedroom units are 872 sq. ft.

    All units feature modern fixtures and forward thinking design touches. Cabinets have integrated LED lights, windows are insulated and energy efficient, the majority of units have wide plank laminate flooring leading to less heat loss versus tile. Units come with stainless steel appliances, and glossy cabinets.

    The Neighbourhood

    Cabbagetown is an eclectic neighbourhood that provides its community with a wealth of options for food, nightlife, recreation and adventure. There are many restaurants in the area, like The Blake House, Mr. Jerk, and the Butter Chicken Factory. There's also a nearby Dominos if you’re in the mood for delivery.

    For nightlife, there is the Phoenix Concert Theatre just a short walk south on Sherbourne, or The Danforth Music Hall on the other side of the Don River; there you can see the best band that nobody knows about, and the occasional big name too. Yonge street and its vibrant nightlife is only a few blocks west, with a vast selection of nightclubs and pubs to choose from.

    There are a ton of recreation opportunities for this community. To start, Wellesley community centre it just a stone throws from your front door — you’ll probably have to have a good arm — with basketball courts that are perfect for a pickup game. The Rosedale Ravine is just to the east and is a great location to go for a bike ride or a run.

    Green spaces will not be a problem at 159 Wellesley, Wellesley-Magill Park, Winchester Park, and Barbara Hall Park are close by.

    Transportation

    159 Wellesley St. is a very walkable location, posting a Walk Score of 95. Pedestrians should be able fulfill most of their essential errands without public transit. For those who use the TTC, there is a nearby bus stop which will quickly connect you to the TTC network.

    Parking spots are available at an additional cost for those interested. Drivers can reach the Don Valley Parkway in minutes by taking the Danforth on-ramp, making this location extremely drivable.

    Reviews for 159SW Condominium

    Cyrus Ghazvini
    October 15 2024
    Realtor
    5 out of 5
    159 Wellesley Street East is a real find in the heart of Cabbagetown, one of Toronto’s most charming and quieter downtown areas. Unlike the usual city craziness, this spot feels more relaxed with less traffic, yet you’re still close to everything. The building itself is solid, built by Alterra, a company known for quality. And with Thomas Dam managing the place, you know it’s in good hands—he genuinely cares and stays on top of everything. The units here are sleek and modern, with integrated appliances and stylish granite countertops. The corner one-bedroom units (03) are especially nice, filled with windows and natural light. And if you’re in a three-bedroom, you’ll get stunning views of both the city and the lake. Plus, you don’t even need to worry about setting up the internet—it’s superfast and included with every unit. The amenities are top-notch, too. There’s a well-equipped gym, a sauna, and even a running track that wraps around the outside of the amenities area. It’s a great place for anyone looking for a well-rounded living experience in one of the city’s unique neighborhoods.
    3

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    Explore Cabbagetown

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    159SW Condominium vs The Cabbagetown Area

    Days on Strata

    Units at 159SW Condominium spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 34 condos in the Cabbagetown area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    73
    Units were Rented over the past twelve months

    Best Value Rank

    159SW Condominium offers the
    ?
    best value out of 34 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    159SW Condominium has the
    ?
    highest ROI out of 34 condos in the Cabbagetown neighbourhood

    Rental Yield

    159SW Condominium yields the
    ?
    highest rent prices out of 34 condos in the Cabbagetown neighbourhood

    High Demand

    159SW Condominium is the
    ?
    most popular building out of 34 condos in the Cabbagetown neighbourhood

    Transaction Insights at 159 Wellesley Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$525,000 - $580,000$508,000 - $615,000$540,000No Data$834,500
    Avg. Cost Per Sqft$1,059$940$999No Data$1,017
    Avg. Wait for Unit Availability82 Days70 Days388 DaysNo Data145 Days
    Ratio of Units in Building34%37%19%1%11%

    Unit Sales vs Inventory

    Total number of units listed and sold in Cabbagetown