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Unit 3901 at Residences of The Ritz Carlton

Sold

183 Wellington Street W 3901, Toronto C01, ON M5V 0A1

MLS #C12039491

$1,900,000

Sold on April 29, 2025

April 29, 2025

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

About This Property

Experience an Unparalleled Lifestyle Of Elegance at the Private Residences of Ritz-Carlton. Rarely Offered This 1 Bedroom 2 Bathroom Executive Suite Boasts 1665SF of Bountiful Living Space. With 10Ft Ceilings the Floor To Ceiling/Wall To Wall Windows Cover The Unit In Natural Light With It's Northwest Exposure From A High Floor. Enter Into Sophistication As The Private Elevator Access Opens Up Into Marbled Floors Giving Way To a Seamless Open Concept Layout Great For Comfort and Entertaining. Exquisite Luxury Finishes Throughout Incl. Herringbone Hardwood Floors, Granite In Kitchen, Sub Zero Fridge & Wine Cooler, Wolf Gas Burner, Gas Fireplace, Crown Moulding, and Separate Walk In Laundry Room With Ample Storage Space. Retreat Into The Recluse of the Primary Bedroom That Includes A 5PC Ensuite With Soaker Tub and a Walk-In Closet With Custom Closet Organizer. Conveniently Located Parking Comes With Tesla Charger Installed. Storage Locker Also Included. World-Class Amenities, Including Valet Parking, 24/7 Concierge and Security, Indoor Saltwater Pool, Fitness Centre, Spa Facilities, Private Residential Lobby, Guest Suites, Party Room, Business Centre and Access to All the Hotel Amenities. Prestigious location in Toronto's Financial, Entertainment and Theatre District W Direct Access to the PATH system. Property Is Being Sold "As Is" Under Power of Sale. Seller and Sellers Agent Offer No Warranties Or Representation in Regards to any Aspects of the Property.

Investment Analysis

$8,908
Est. Monthly Rent
Based on $5/sqft
5.21%
Gross Yield
Before expenses
3.43%
Net Yield
After expenses
19.2
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($2300/mo) and property tax ($9,000/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,206/sqft
Residences of The Ritz Carlton
$1,355/sqft-11%
Waterfront Communities C1
$894/sqft+34.9%
Toronto C01
$883/sqft
Building PSF Range
$1,118$1,625

Below Market Value

This unit is priced 11% below the building average of $1,355/sqft. With a 3.43% net yield after expenses, this could be a strong investment opportunity.

Analysis based on 9 sales and 32 leases in this building. Unit size estimated at 1700 sqft.

Property Details

Bedrooms

1

Bathrooms

2

Square Feet

1600-1799 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2165
MLS Size1600-1799
Listed OnMar 24, 2025
Maintenance Fees$2,300/month
Property Tax$9,000/year

Property Details Available

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)4.9 x 4.5716.1 x 15.0-
Dining Room(Flat)4.17 x 3.8213.7 x 12.5-
Kitchen(Flat)4.39 x 4.0914.4 x 13.4-
Primary Bedroom(Flat)4.17 x 3.7613.7 x 12.3-
Foyer(Flat)4.48 x 2.1314.7 x 7.0-
Laundry(Flat)3.9 x 2.6512.8 x 8.7-

Room Dimensions Available

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Price History

Original List Price

$2,050,000

Listed on Mar 24, 2025

Sold Price

$1,900,000

Sold on Apr 29, 2025

-$150,000

-7.3%

2 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 Type

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About Unit 3901 at Residences of The Ritz Carlton

Unit 3901 is a residential condo & other with 1 bedroom, 2 bathrooms spanning approximately 1600-1799 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 3901 Residences of The Ritz Carlton Toronto C01

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