MLS® listing
81 Wellesley Street 1206: condo apartment for sale
$388,888
From the listing brokerage
TWO YEAR NEW LUXURY CONDO AT WELLESLEY STATION! An exceptional opportunity in the heart of Downtown Toronto, just steps to Wellesley Subway Station and vibrant Yonge Street! This bright and beautifully designed open-concept suite offers a spacious, highly functional layout that can be easily converted into a one-bedroom, complemented by breathtaking unobstructed city views. Featuring soaring 9-ft smooth ceilings, floor-to-ceiling windows and an abundance of natural light throughout. The sleek modern kitchen showcases quartz countertops and high-end built-in appliances, while the luxurious fully tiled bathroom adds a sophisticated finishing touch. Step onto your private balcony, complete with a built-in gas line for BBQs-a rare downtown feature perfect for outdoor entertaining. Unbeatable location just minutes from U of T, TMU, Queen's Park, major hospitals, IKEA, Eaton Centre, restaurants, shopping and everyday essentials. Enjoy outstanding building amenities including a 24-hour concierge, fully equipped gym, party/meeting room, recreation room and rooftop terrace. Luxury, convenience, spectacular views and incredible downtown living-all in one exceptional suite! **Some photos have been virtually staged and digitally enhanced for illustration purposes only***
Facts on the listing
| Square feet | 0-499 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $337 |
| Property tax | $2,048 |
| Tax year | 2025 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | North |
| Fee includes | Common Elements Included, Building Insurance Included |
| Balcony | Open |
| Laundry | Ensuite |
| Interior features | Carpet Free |
| Floor | 12 |
Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS® C13859718.
About this condo apartment
81 Wellesley Street 1206 is a condo apartment in TRREB's Church-Yonge Corridor community in Toronto, listed for sale at $388,888. The listing shows 1 bathroom and 0-499 square feet. The style is given as apartment. The unit faces north. The listing shows no parking space. The nearest main intersection given is Wellesley & Church.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 81 Wellesley Street 1206
At the asking price of $388,888, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $388,888 |
|---|---|
| Ontario land transfer tax | $4,308 |
| Toronto municipal land transfer tax | $4,308 |
| Both taxes | $8,616 |
| First-time buyer relief, if you qualify | up to $8,308 |
| Minimum down payment | $19,444 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $337 a month |
|---|---|
| Property tax (2025) | $2,048 a year, about $171 a month |
| Fee and tax together | about $508 a month |
The listing says the maintenance fee includes common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $388,888, which is $161,112 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. Ask whether a space or a locker comes with the unit and whether one can be rented in the building.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 81 Wellesley Street 1206
How much is land transfer tax on 81 Wellesley Street 1206?
At the asking price of $388,888 the Ontario tax is $4,308 and the Toronto tax is $4,308, $8,616 in total. A first-time buyer who qualifies can get up to $8,308 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 81 Wellesley Street 1206?
$19,444 at the asking price of $388,888, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 81 Wellesley Street 1206?
The listing shows $337 a month, including common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 81 Wellesley Street 1206?
The listing shows $2,048 a year for 2025, about $171 a month.
Is 81 Wellesley Street 1206 priced above or below the median?
It is listed at $388,888. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $161,112 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 81 Wellesley Street 1206?
Use the form on this page or call us. Quote MLS® C13859718. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 81 Wellesley Street 1206 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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