4009-8 Wellesley St
Bay Street Corridor, Toronto, Ontario M4Y 0J5
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 800–899sq ft
- Per sq ft
- $1,118at the range’s middle
- Tax a year
- $5,4482026 tax year
- Built
- 0-5
- Parking
- 11 underground
- Days on market
- Members
The brief
About 4009-8 Wellesley St
4009-8 Wellesley St is a 3-bedroom, 2-bathroom condo in Bay Street Corridor, Toronto, listed for sale at an asking price of $950,000 (MLS® C13853634).
Perched on the 40th floor, this corner 3-bedroom, 2-bathroom suite offers what downtown buyers actually pay a premium for: elevation, light, and a view that won't be built out. Triple exposures - south, east, and north - fill the home with natural light all day, with unobstructed south and east views stretching over the city. The functional layout works as hard as the location does: three true bedrooms, two full bathrooms, and an open-concept living space designed for real daily life, not just showings. One underground parking space included - a genuine asset at Yonge & Wellesley. Location is the headline act. Steps to Wellesley subway station, a short walk to the University of Toronto, and minutes to Toronto's major hospitals, the Eaton Centre, Yorkville, and the Financial District. Restaurants, cafés, and supermarkets are all within a few blocks.8 Wellesley Residences (completed 2025) offers 24-hour concierge, a modern fitness centre, party and meeting rooms, and an outdoor terrace with BBQs and lounge areas. Priced for today's market. Whether you're buying a home in the heart of downtown or adding a high-demand rental asset steps from campus, this one checks the boxes.*Some photos have been virtually staged.*
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall38/100−$1,236/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 38 condos with 3 bedrooms for lease in Bay Street 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
- $5,448 / 2026
- MLS® number
- C13853634
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Bay Street Corridor
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 4pc Flat
- 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
- No
- Family room
- No
- Extras
- Built-In Appliances: Fridge, Cooktop, Oven, Microwave, Dishwasher. Washer, Dryer, All Existing Electrical Light Fixtures.
- Condo maint.
- $747
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.11 × 4.5 m | Open Concept, Combined W/Dining, Se View | Flat |
| Dining | 4.11 × 4.5 m | Open Concept, Combined W/Living, East View | Flat |
| Kitchen | 4.11 × 4.5 m | Open Concept, Stainless Steel Appl, B/I Appliances | Flat |
| Primary | 2.59 × 4.11 m | 4 Pc Ensuite, Large Closet, Large Window | Flat |
| 2nd Br | 2.44 × 3.66 m | Closet, Large Window, Ne View | Flat |
| 3rd Br | 2.59 × 3.12 m | Closet, Large Window, East View | Flat |
Listing history
Buy/sell history for 4009-8 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 | $950,000 | N/A | Pc | C13853634 |
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
- $190,000
- Total mortgage amount
- $760,000
- Total interest payment
- $540,500
- Total purchase cost
- $1,490,500
- Mortgage payment
- $4,335/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
43%Monthly carrying cost
$5,536- Rent $4,300
- Shortfall $1,236
Rental income opens at $4,300, the median asking rent of 38 comparable homes for lease in Bay Street 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
- $15,475
- Toronto municipal land transfer tax
- $15,475
- Total land transfer tax
- $30,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $22,475
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 $950,000
- $11,000
- Ontario total
- $15,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $15,475.
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 Kassaundra Dobson, Broker of Record 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 m81 test or monitoring holes also recorded.250 m
- Groundwater recorded about 1.8 m below ground nearbyThe middle water level in the well records within 500 m (489 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
- 136 building permits issued within 250 m in the last 2 years250 m
- 46 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 3.4 km3.4 km
- Mapped parcel: about 11,290 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
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Walton Street Steam Plant, 820 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 this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 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, 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
- On the Heritage Register — Part V, by-law 1121-2024
- In the Historic Yonge Street Heritage Conservation District, by-law 235-2016
- 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
Zone
CR 3.0 (c2.0; r3.0) SS1 (x290)By-law
569-2013Municipality
Toronto1 3.0
Density: total floor area is capped at 3.0 times the lot area.
2 c2.0
Commercial floor area is capped at 2.0 times the lot area.
3 r3.0
Residential floor area is capped at 3.0 times the lot area.
4 x290
Site-specific exception 290: 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(290)
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
27 building permits cleared at this address in the City’s file.
Interior AlterationsPermit Issued
Proposal for interior alterations to an existing ground floor retail unit for a new tenant: Take-out Bubble Tea Shop - 'Yo!Tea', Unit 103. (Convenience address: 563 Yonge St.)
Issued May 8, 2025
Building Permit Related(PS)Permit Issued
Plumbing - proposal for interior alterations to Bubble Tea take out. unit 103
Issued May 8, 2025
Building Permit Related(MS)Permit Issued
HVAC - proposal for interior alterations to Bubble Tea take out. unit 103
Issued May 8, 2025
Electromagnetic LocksClosed
Proposal for adding 1 Maglock to a door to existing permit on the 3rd floor amenity door
Issued November 8, 2024
Sign Building Permit RelatedClosed
Application for a permit to erect and display one first party wall sign, displaying static copy and illuminated, erected at the first storey.Dimensions:Wall sign: 1.35m L x 5.18 W x 0.13m D at a height of 5.31 on the west elevation.** CANNA CABANA**
Issued January 16, 2024
Electromagnetic LocksClosed
Adding 1 Maglock to a door in the P1 Mezz Level seperating the Resident Bike Parking Room and Visitor Bike Parking Room.
Issued January 4, 2024
Sign Building Permit RelatedClosed
The proposal contains two illuminated overhanging structure signs, two non-illuminated projecting signs and two non-illuminated window signs, all displaying static copy and erected at the first storey of the building at above noted premises.Dimensions:Overhanging structure signs:Sign 1: 0.98m L x 1.30m W x 0.08m D at a height of 5.39m, on the west elevation,Sign 2: 0.98m L x 1.30m W x 0.08m D at a height of 5.39m, on the south elevation.Projecting signs:Sign 3: 0.81m L x 0.97m W x 0.05m D at a height of 3.78m, on the south elevation.Sign 4: 0.81m L x 0.97m W x 0.05m D at a height of 3.78m, on the west elevation.Window signs:Sign 5: 1.15m L x 1.69m W at a height of 4.15m.Sign 6: 2.06m L x 1.69m W at a height of 2.93m.**Good Earth Coffee House**
Issued May 8, 2023
Building Permit Related(PS)Inspection
Plumbing - Proposed interior alteration to vacant unit 104 to construct coffee shop (Starbucks)Work includes: minor demo, new partitions, new fixtures, equipment and finishes. Washrooms remain as is.
Issued July 14, 2022
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.
550 YONGE STSite planUnder Review
Site Plan application for a proposed 67-storey residential/mixed-use building comprised of approximately 52,086 square metres of gross floor area (GFA), comprised of 51,075 square metres of residential GFA, 543 square metres of grade-related retail space and 469 square metres of community cultural space.Approximately 860 residential units are proposed with parking and loading access from St. Luke Lane.
80 m away548 YONGE STSite planUnder Review
Site Plan application for a proposed 67-storey residential/mixed-use building comprised of approximately 52,086 square metres of gross floor area (GFA), comprised of 51,075 square metres of residential GFA, 543 square metres of grade-related retail space and 469 square metres of community cultural space.Approximately 860 residential units are proposed with parking and loading access from St. Luke Lane.
90 m away555 YONGE STSite planUnder Review
Site Plan Approval for a 68 storey mixed-use building. There will be 679 dwelling unit and 45,139 square meters of GFA, including 455 square meters of retail at grade.
90 m away546 YONGE STSite planUnder Review
Site Plan application for a proposed 67-storey residential/mixed-use building comprised of approximately 52,086 square metres of gross floor area (GFA), comprised of 51,075 square metres of residential GFA, 543 square metres of grade-related retail space and 469 square metres of community cultural space.Approximately 860 residential units are proposed with parking and loading access from St. Luke Lane.
90 m away544 YONGE STSite planUnder Review
Site Plan application for a proposed 67-storey residential/mixed-use building comprised of approximately 52,086 square metres of gross floor area (GFA), comprised of 51,075 square metres of residential GFA, 543 square metres of grade-related retail space and 469 square metres of community cultural space.Approximately 860 residential units are proposed with parking and loading access from St. Luke Lane.
100 m away145 ST LUKE LANESite planUnder Review
Site Plan application for a proposed 67-storey residential/mixed-use building comprised of approximately 52,086 square metres of gross floor area (GFA), comprised of 51,075 square metres of residential GFA, 543 square metres of grade-related retail space and 469 square metres of community cultural space.Approximately 860 residential units are proposed with parking and loading access from St. Luke Lane.
100 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 Bay Street Corridor right now
- For sale now
- 177
- Median asking price
- $650K
- New in 7 days
- 21
- Price cuts
- 20%
Middle half: $520K to $890K
70 in 28 days
36 listings
This home is asking 46% above the median, higher than three quarters of them.
See all homes in Bay Street 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 | 150 m |
| College Station | TTC subway: Line 1 Yonge-University | 500 m |
| Bloor-Yonge Station | TTC subway: Line 1 Yonge-University, Line 2 Bloor-Danforth | 650 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 | 4.6 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 | 500 m | 72%Grade 6 average |
| Our Lady of Lourdes Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 900 m | 66%Grade 6 average |
| Orde Street Public SchoolToronto DSB | Public · grades JK–8 | 900 m | 82%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Joseph's College SchoolToronto CDSB | Catholic · grades 9–12 | 300 m | 66%Grade 9 math |
| Native Learning CentreToronto DSB | Public · grades 9–12 | 500 m | — |
| Jarvis Collegiate InstituteToronto DSB | Public · grades 9–12 | 650 m | 34%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 700 m | 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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Recently sold nearby
Sold prices in Bay Street Corridor are shown to signed-in members.