Property Description

New Townhouse Development 8 Wellesley Residences
Coming soon to
8 Wellesley Street West, Toronto, ON
Register Now (Sales)

8 Wellesley Residences is still selling with some good units remaining, You still have opportunities to own in this iconic downtown tower . There are some units available exclusively through the resale market and we may help you secure these. Located at 8 Wellesley Street West, just steps from Yonge Street, this high-rise condominium sits in one of Toronto’s most desirable and high-demand urban neighbourhoods.

With its prime location at the intersection of Church & Wellesley, resale condos at 8 Wellesley Residences appeal to end-users and investors alike, offering walkable city living, exceptional transit access, and strong long-term value.

Current resale condos at and around 8 Wellesley Residences

Building Overview & Suite Details

8 Wellesley Residences is a striking 55-storey condominium featuring approximately 599 suites, ranging from efficient studios to spacious 1-, 2-, and 3-bedroom layouts. Suite sizes generally range from approximately 315 to 1,300 square feet, making the building suitable for first-time buyers, professionals, downsizers, and investors.

Originally designed with multiple outdoor terraces and expansive amenity areas, the building offers an elevated lifestyle rarely matched in the downtown core. Resale units benefit from the building’s contemporary design, efficient layouts, and prime exposure over one of Toronto’s most vibrant neighbourhoods.

Buyers exploring alternatives may also want to view similar resale opportunities nearby.
Resale condos near Yonge & Bloor

Amenities & Resident Experience

Residents of 8 Wellesley Residences enjoy access to over 20,000 square feet of indoor and outdoor amenity space, thoughtfully distributed throughout the building. Indoor amenities are located on multiple levels, while outdoor terraces are positioned across several floors to maximize sunlight and city views, particularly with south- and west-facing exposures.

The podium integrates restored heritage façades at street level, preserving the historic character of the neighbourhood while delivering a modern residential experience above. Retail spaces at grade maintain the lively pedestrian atmosphere along Yonge Street, while the residential lobby is discreetly accessed from St. Nicholas Street, offering a quieter and more private entrance.

To explore comparable properties nearby
Downtown Toronto resale condos

Location: Church & Wellesley Neighbourhood

The Church & Wellesley district is one of downtown Toronto’s most sought-after communities, known for its vibrant energy, walkability, and diverse mix of dining, shopping, and entertainment options. This neighbourhood consistently ranks among the top areas for both owner-occupiers and tenants, contributing to strong resale demand and rental performance.

Residents are steps from Wellesley subway station, providing seamless access to Line 1 and quick connections to the Financial District, Bay Street Corridor, and the Discovery District. The proximity to Yonge & Bloor, Toronto Metropolitan University, and the University of Toronto further enhances the appeal for professionals, students, and investors.

Investment & Resale Potential

As downtown Toronto continues to intensify and demand for centrally located housing grows, resale condos at 8 Wellesley Residences remain a compelling option. Units in this area historically command strong resale values and some of the city’s highest rental rates, supported by transit access, employment hubs, and lifestyle amenities.

Whether you’re purchasing for personal use or as an investment property, 8 Wellesley Residences offers long-term appeal in a location that continues to outperform.

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Towns in Toronto, ON. Please click here and fill out the form and we will send you more info you as soon as possible.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out “My Dream Home search in Mississauga ” form and we will get back to you with relevant information.

We strongly recommend you as the buyers to be accompanied by a RE/MAX Team Paliwal REALTOR® on the first time when entering a New Home/ Condo sales centre. We as builder’s preferred agents get paid a small fee by the builders BUT our services are absolutely free for you. While on the other hand if you go directly – the sales staff at builder sales centre is looking after the interest of builder – NOT you and they do not disclose many points those may not be in your best interest.  We as your agents will guide you through the selection and the purchase process and negotiate with the builder on your behalf, we will also recommend and introduce you to the top professionals such as lawyers and mortgage agents, Banks.

We are Independent Realtors, part of RE/MAX Realty Specialists inc., Brokerage. We do not represent the builder, we represent you! We gain first VIP Access, Pricing & Incentives to many pre-construction developments throughout the GTA. This offer is not available to Buyers currently working with a Realtor and is not intended to solicit buyers currently under contract.

All renderings, incentives, pricing are subject to terms & conditions and may change at any time without notice – see sales representatives for more details.

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

FAQs

How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal is a “Platinum Agent”?

Platinum agents are the top-selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

1. You get the highest level of access in the building or in the new home project.
2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
3. The best possible incentives and terms.
4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agents and investors since 2007.
5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
6. Our services to you as a buyer are free

Do I get a cooling-off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling-off period BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Freehold homes. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however, we always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling-off period when you buy a Condo unit.

Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us for more details.

Do the prices include HST?

If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is no HST you will have to pay at final closing.

If you are purchasing an investment, rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 month to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or Condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house that you are buying.

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

Is it possible to assign my condo or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

Get Directions