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Unit 2902 at Residences of The Ritz Carlton

Sold

183 Wellington Street W 2902, Toronto C01, ON M5V 0A1

MLS #C11931452

$2,050,000

Sold on April 2, 2025

April 2, 2025

Originally listed at $2,250,000 53 days on market

About This Property

Step into a world of elegance and sophistication at The Residences at The Ritz-Carlton which is second to none and offers an unparalleled lifestyle in Toronto's Financial, Entertainment, and Theatre Districts. This meticulously designed 2-bedroom, 2-bathroom suite spans approximately 1,560 sq ft of luxurious living space. It features a formal entrance with a double-door hall closet, a walk-in laundry room, and elegant crown mouldings throughout. The open-concept living and dining areas are brightened by wall-to-wall, floor-to-ceiling north-facing windows and boast herringbone hardwood floors, a gas fireplace with a granite surround, and seamless flow into the chef's kitchen. The kitchen is equipped with custom granite countertops, top-of-the-line stainless steel appliances, and serene workspace. The primary bedroom retreat features a double-door entrance, hardwood flooring, wall-to-wall windows, custom-organized closets, and a spa-like 6-piece marble ensuite with asoaker tub and heated towel rack. The second bedroom also offers generous storage, hardwood flooring, and elegant finishes. The Suite includes a 4-piece secondary bathroom with a soft-toned vanity with intricate detailing providing ample storage space. Additional highlights include 2 parking spots and 1 storage locker. Residents enjoy world-class amenities, including concierge and security, valet parking, an indoor saltwater pool, a fitness centre, spa facilities, a private residential lobby, a business centre, guest suites, a party room, and access to all hotel amenities. Situated steps from the finest theatres, restaurants, and cultural attractions, this residence is directly connected to the PATH system. Experience an exceptional standard of luxury at The Residences at The Ritz-Carlton. The Residences at the Ritz-Carlton provide 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

Investment Analysis

$7,860
Est. Monthly Rent
Based on $5/sqft
4.19%
Gross Yield
Before expenses
2.47%
Net Yield
After expenses
23.9
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($2482/mo) and property tax ($9,013/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,500/sqft
Residences of The Ritz Carlton
$1,355/sqft+10.7%
Waterfront Communities C1
$894/sqft+67.7%
Toronto C01
$883/sqft
Building PSF Range
$1,118$1,625

Premium Pricing

This unit is priced 10.7% above the building average. This may reflect premium features, views, or floor level.

Analysis based on 9 sales and 32 leases in this building. Unit size estimated at 1500 sqft.

Property Details

Bedrooms

2

Bathrooms

2

Square Feet

1400-1599 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2165
MLS Size1400-1599
Listed OnJan 19, 2025
Maintenance Fees$2,482/month
Property Tax$9,013/year

Property Details Available

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Rooms

NameSize (m)Size (ft)Features
Foyer(Flat)3.35 x 2.1111.0 x 6.9-
Foyer(Flat)3.35 x 2.1111.0 x 6.9-
Living Room(Flat)5.79 x 3.7319.0 x 12.2-
Living Room(Flat)5.79 x 3.7319.0 x 12.2-
Dining Room(Flat)3.78 x 2.3112.4 x 7.6-
Dining Room(Flat)3.78 x 2.3112.4 x 7.6-
Kitchen(Flat)3.53 x 1.7311.6 x 5.7-
Kitchen(Flat)3.53 x 1.7311.6 x 5.7-
Primary Bedroom(Flat)3.99 x 3.8113.1 x 12.5-
Primary Bedroom(Flat)3.99 x 3.8113.1 x 12.5-
Bedroom 2(Flat)4.42 x 2.9514.5 x 9.7-
Bedroom 2(Flat)4.42 x 2.9514.5 x 9.7-

Room Dimensions Available

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Price History

Original List Price

$2,250,000

Listed on Jan 19, 2025

Sold Price

$2,050,000

Sold on Apr 2, 2025

-$200,000

-8.9%

53 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 2902 at Residences of The Ritz Carlton

Unit 2902 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 $2050K).

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 2902 Residences of The Ritz Carlton Toronto C01

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