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New2 hours ago

4009 - 8 Wellesley Street W

Bay Street Corridor, Toronto

$988,000

Condo Apartment |
3 | 2 | 1 | 0
About this home

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 a 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.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size800-899 sq. ft.
Maintenance Fees$747
LockerNone
BalconyNone
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$5,448
mls© NumberC13853634
Listed ByBAY STREET GROUP INC.
Common Elements Included
Building Insurance Included
Parking Included

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%
$5,057
Property tax
$454
Heat allowance
$150
Condo fees, half counted
$373
Housing costs
$6,034 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $197,600
25-yr amortization

Income needed

$186,000

gross annual household income

Payment at 4%
$4,158 / mo
Cash down
$197,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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