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PH31 - 250 Wellington Street W
Waterfront Communities C1, Toronto
$349,000
Welcome to The Luxury Icon - an exceptional opportunity to own a penthouse suite in the heart of Toronto's Financial and Entertainment Districts.This bright and stylish 516 sq. ft. junior one-bedroom corner suite features high ceilings, hardwood flooring throughout and a smart, functional layout that makes excellent use of the space. Perfect for a first-time buyer, investor, executive rental or short-term rental opportunity, this suite offers incredible flexibility in one of downtown Toronto's most sought-after locations. Step outside your door and walk to virtually everything-world-class restaurants, nightlife, entertainment, shopping, the Financial District, transit and more. A truly AAA location for both lifestyle and investment. The Luxury Icon is a well-managed building with an impressive range of amenities, including 24-hour concierge, fitness room, lap resistance pool, party room, work-spaces and a rooftop patio with BBQ terrace. Whether you are looking to get into the downtown market, build an investment portfolio or, take advantage of the demand for executive and short-term accommodations, this is an opportunity worth exploring. A fantastic downtown offering with high ceilings, an unbeatable location and exceptional lifestyle and investment potential.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $576 |
| Locker | None |
| Balcony | None |
| Exposure | North |
| Parking Type | Underground |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $2,210 |
| mls© Number | C13690816 |
| Listed By | REAL ESTATE HOMEWARD |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,786
- Property tax
- $184
- Heat allowance
- $150
- Condo fees, half counted
- $288
- Housing costs
- $2,408 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$74,000
gross annual household income
- Payment at 4%
- $1,469 / mo
- Cash down
- $69,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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