8 Wellesley Condos

.

8 Wellesley Condos is new condos community second tower coming at Yonge St & Wellesley St W in Toronto.

.

.

Youtube Video of 8 Wellesley Condos- 

.

.

Details about 8 Wellesley Condos-

• No. of  Towers -1
• No. of floors in 2nd tower – 55
• No. of units – 466
• Suites Starting floor- 2
• Number of suites/floor – TBA
• Development Name: 8 Wellesley Condominiums
• Developer (s)- CentreCourt Developments
• Architects – BKL Architecture, Rafael and Bigauskas Architects
• Interior Designer – TBA
• Sq footage from – 323 to 828 sq ft
• Available in Studio, 1 BR, 1 BR+Den, 2 BR, 2BR+Den
• No. of Floor plans – 13

.

Information for Investors –

• Rentability– Neighborhood vacancy rates below 2.5% with less than 25 days on market
• Rental Appreciation– Rental rates appreciated an average more than 6%  year over year (Source – Toronto Real Estate Board)
• Rental Rates in the area are following-
  Studio- $1300- $1700; Median- $1500; Median Days in market – 19
• 1 Bedroom- $1500- $2400; Median- $1750; Median Days in market – 20
  1 Bedroom + Den- $1525-$250, Median- $1863; Median Days in market – 29
  2 Bedrooms- $1600-$3500; Median – $2650; Median Days in market – 29
  2 Bedroom + Den- $2400- 4800; Median – $2698; Median Days in market – 41
• 3 Bedroom- $3000-$3800 Median – $3750; Median Days in market – 62

(Source – TREB. These are last 90 days statistics from the date of creating this webpage i. e. Nov 10, 2020)

.

Highlights of 8 Wellesley Condos- 

1.     Lifestyle Amenities – 8 Wellesley Condos offers all basic necessities and life style amenities to its residents like Art Gallery of Ontario, Yonge-Dundas Square, Nathan Phillips Square, Dufferin Mall, Casa Loma, Royal Ontario Museum, Canadian National Exhibition, Loblaws, No Frills, Dollarama, Canadian Tire, Michaels. There are many eat out places located near 8 Wellesley like  Madison Avenue Pub, Snakes & Lattes College, McDonald’s, Subway, Tim Hortons, Darvish Restaurant, Tabriz Persian Cookhouse and many more for easy takeout food options and relaxation purposes

2.     Excellent for professionals and students- Prominent educational institutions like University of Toronto – St. George Campus, St. Michael’s College School, Ryerson University, George Brown College and UFT are in close proximity of this new development. Major hospitals like Toronto General Hospital, Mount Sinai Hospital, The Hospital for Sick Children are very closely located near 8 Wellesley which can turn out to be a great investment for working professional.

3.     Green Space and recreation- This new development is in close proximity to Trinity Bellwoods Park, Sugar Beach, Toronto, High Park, Lake Shore Blvd E, Park Drive Reservation Lands and many more natural and open spaces for residents to enjoy with family and friends.  

4. Highway Access and transportation – 8 Wellesley is located near 401, 407, 404 and DVP which makes it very easy and convenient for the residents of to commute seamlessly across GTA. TTC bus routes and subway lines are very conveniently located allowing for seamless travel throughout the city and easy connections to subway lines. Union Station is just 8 minutes from this new development

.

Renderings of 8 Wellesley Condos-

.

.

.

Walk Score of 8 Wellesley West Toronto – 

.

Amenities-

• Concierge
• Fitness
• Games Room
• Lounge
• Co-Working Space
• Parking
• Party Room
• Guest Suites
• Terrace
• Many more

.

VIP Deposit Structure-

DOMESTIC
$10,000 on Signing (Bank Draft – Mandatory) Payable to: BRATTYS LLP IN TRUST
Balance to 5.0% in 30 Days
2.5% in 45 90 Days
2.5% in 60 180 Days
2.5% in 90 Feb. 20, 2022
2.5% in 120 Aug. 20, 2022
5.0% in 270 Jun. 20, 2023

ALL CHEQUES MUST BE PROVIDED BEFORE SIGNING

. 

.

International Deposit (35%)

Initial Deposit 5% on Signing (Bank Draft Mandatory) Payable to: BRATTYS LLP IN TRUST
2nd Deposit 5.0% in 30 Days
3rd Deposit 10% in 45 90 Days
4th Deposit 10% in 90 Feb 20, 2022
5th Deposit 5% in 120 Aug 20, 2022

ALL CHEQUES MUST BE PROVIDED BEFORE SIGNING

.

Maintenance fee

Approximately $0.69/sq. ft.
• BTU, Hydro and Water Separately Metered

.

Parking

$109,000
• Available to 3B Suites and Larger
• Other suite types: Waitlist
• Electric Vehicle Upgrade Available

.

Locker

Waiting List

.

Expected Tentative Occupancy

Q2 2025

.

Platinum Incentives (LIMITED TIME)

Many More; Please register

.

Platinum pricing & Available Units

Please register

.

Floor Plans

Please register

.

.

.

.

.

.

.

.

.

Inventory, prices, incentives and any other promotion is subject to change. E & O E