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Unit 3802 at Residences of The Ritz Carlton

Sold

183 Wellington Street W 3802, Toronto C01, ON M5V 0A1

MLS #C11884341

$1,900,000

Sold on April 29, 2025

April 29, 2025

Originally listed at $2,050,000 69 days on market

About This Property

Discover Elevated Living at The Residences at The Ritz-Carlton. Immerse yourself in the ultimate luxury with this extraordinary two-bedroom suite, nestled in Toronto's vibrant Entertainment District. Offering breathtaking city views, this meticulously designed residence embodies sophistication and modern elegance. Step into a grand living space defined by 10-foot ceilings and gleaming engineered wood floors, where attention to detail is paramount. The gourmet kitchen, a chef's dream, boasts custom Bellini cabinetry, granite countertops, and top-tier appliances, blending elegance with functionality. The living areas coffered ceilings and designer finishes enhance the suite's opulence, while the spa-like four-piece ensuite bathroom showcases stunning marble floors. Additional custom cabinetry ensures ample storage, perfectly complementing the luxurious design. Reside in one of Toronto's most coveted addresses, where world-class restaurants, cultural landmarks, and premier shopping destinations are just steps away. The Ritz-Carlton lifestyle offers impeccable service and unmatched amenities, delivering an unparalleled experience. Elevate your living and schedule a private tour today to explore this remarkable residence. Experience an exceptional standard of luxury at The Residences at The Ritz-Carlton. **EXTRAS** The Residences at the Ritz-Carlton provides residents with the finest collection of amenities including: valet parking, 24-hour concierge services, access to the 5-star hotel + spa, indoor swimming pool, fitness centre and much more!

Investment Analysis

$7,939
Est. Monthly Rent
Based on $5/sqft
4.65%
Gross Yield
Before expenses
2.86%
Net Yield
After expenses
21.5
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($2360/mo) and property tax ($8,269/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,353/sqft
Residences of The Ritz Carlton
$1,355/sqft-0.2%
Waterfront Communities C1
$894/sqft+51.3%
Toronto C01
$883/sqft
Building PSF Range
$1,118$1,625

Fair Market Price

This unit is priced in line with the building average of $1,355/sqft. Expected net yield of 2.86% after maintenance and taxes.

Analysis based on 9 sales and 32 leases in this building. Unit size estimated at 1515 sqft.

Property Details

Bedrooms

2

Bathrooms

2

Square Feet

1,515 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2165
MLS Size1400-1599
Listed OnDec 5, 2024
Maintenance Fees$2,360/month
Property Tax$8,269/year

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)5.18 x 4.8817.0 x 16.0-
Living Room(Flat)5.18 x 4.8817.0 x 16.0-
Dining Room(Flat)3.87 x 2.4412.7 x 8.0-
Dining Room(Flat)3.87 x 2.4412.7 x 8.0-
Kitchen(Flat)4.27 x 2.5914.0 x 8.5-
Kitchen(Flat)4.27 x 2.5914.0 x 8.5-
Primary Bedroom(Flat)3.96 x 3.8713.0 x 12.7-
Primary Bedroom(Flat)3.96 x 3.8713.0 x 12.7-
Bedroom 2(Flat)3.81 x 3.512.5 x 11.5-
Bedroom 2(Flat)3.81 x 3.512.5 x 11.5-

Room Dimensions Available

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Unit 3802 History

Complete transaction history for this unit

Leased

Leased: Mar 31, 2024

$9,500/mo

+$1,500 (18.8%)

Listed: $8,00097 days on marketLease
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3 More Transactions Available

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Transaction History Available

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Price History

Original List Price

$2,050,000

Listed on Dec 5, 2024

Sold Price

$1,900,000

Sold on Apr 29, 2025

-$150,000

-7.3%

69 days on market

Price History Available

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Available For Sale in This Building

OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameResidences of The Ritz Carlton
Address183 Wellington St W, Toronto
Parking TypeUnderground

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About Unit 3802 at Residences of The Ritz Carlton

Unit 3802 is a residential condo & other with 2 bedrooms, 2 bathrooms spanning approximately 1400-1599 square feet located at Residences of The Ritz Carlton, 183 Wellington St W, Toronto. This unit is currently sold (sold for $1900K).

About Residences of The Ritz Carlton

Residences of The Ritz Carlton is located at 183 Wellington St W, Toronto in Toronto C01. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Waterfront Communities C1 Neighbourhood

This unit is located in Waterfront Communities C1, part of Toronto C01 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Residences of The Ritz Carlton, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 3802 Residences of The Ritz Carlton Toronto C01

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