8 WELLESLEY Street E Unit PH7

Engel & Volkers Oakville

$1,690,000

Property Summary

MLS

40599732

updated

2024-06-11

published

1 Times

on market

14 Days

First Time

2024-06-09

Overview of the unit

$1,743.05 Monthly Fees
2 + 0 Bedrooms
Ratios : $1121/ Feet
1507 Square Footage
Not Published

Statistics of 298 listed In M4Y

Trends Price In M4Y

Description

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. 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. (67608755)

Automated Estimation

Estimation:

$1,746,100.00

Variation:

7 %

Date:

May 2023

Estimation:

$1,710,200.00

Variation:

5 %

Date:

April 2023

Estimation:

$1,628,400.00

Variation:

0 %

Date:

March 2023

Price Evolution

$1,690,000
6/9/2024

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