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Unit 406 at The Star of Downtown

Sold

225 Wellesley Street E 406, Toronto C08, ON M4X 1X8

MLS #C12792968

$565,000

Sold on April 1, 2026

April 1, 2026

Originally listed at $499,900 13 days on market

About This Property

In a market where value and practicality matter more than ever, this 2 BR suite offers exactly what many buyers are searching for: comfortable space, smart updates, and a location that makes daily life easy. Freshly painted with brand new flooring, the unit feels clean, refreshed, and move-in ready. The layout is simple and functional: 2 bedrooms, with the second easily working as a home office, guest room, or nursery. It's the kind of flexibility that fits real life. The combined living and dining area offers comfortable proportions, giving you room for proper furniture without feeling tight or compromised. The location adds to the appeal. With convenient access to major traffic routes and public transit, commuting is straightforward in any direction. Daily essentials are just steps away in Cabbagetown, a vibrant neighbourhood that blends historic charm with an authentic community spirit. Enjoy local restaurants, independent coffee shops, and the beloved Riverdale Farm, along with farmers markets and year-round community events-all within easy walking distance. And then there's the building itself. Turnover is low:a strong sign that residents genuinely enjoy living here. Well-managed and established, it also offers amenities that are increasingly rare: a steam sauna, community garden, and 24-hour concierge. Solid space. Smart improvements. A building people choose to stay in. Sometimes that's exactly what makes the most sense.

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($654/mo) and property tax ($2,451/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$769/sqft
Cabbagetown-South St. James Town
$664/sqft+15.9%
Toronto C08
$884/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 650 sqft.

Property Details

Bedrooms

2

Bathrooms

1

Square Feet

600-699 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2003
MLS Size600-699
Listed OnFeb 16, 2026
Maintenance Fees$654/month
Property Tax$2,451/year

Property Details Available

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Rooms

NameSize (m)Size (ft)Features
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Kitchen(Flat)2.41 x 2.167.9 x 7.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Living Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Dining Room(Flat)5.67 x 2.7718.6 x 9.1-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom(Flat)4.94 x 2.7116.2 x 8.9-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-
Bedroom 2(Flat)3.57 x 2.3511.7 x 7.7-

Room Dimensions Available

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Price History

Original List Price

$499,900

Listed on Feb 16, 2026

Sold Price

$565,000

Sold on Apr 1, 2026

+$65,100

13.0%

13 days on market

Price History Available

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameThe Star of Downtown
Address225 Wellesley Street E, Toronto C08
Parking Type

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About Unit 406 at The Star of Downtown

Unit 406 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 600-699 square feet located at The Star of Downtown, 225 Wellesley Street E, Toronto C08. This unit is currently sold (sold for $565K).

About The Star of Downtown

The Star of Downtown is located at 225 Wellesley Street E, Toronto C08. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Cabbagetown-South St. James Town Neighbourhood

This unit is located in Cabbagetown-South St. James Town, part of Toronto C08 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at The Star of Downtown, 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 406 The Star of Downtown Toronto C08

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