The 159SW tower rising above the Toronto skyline near Yonge and Wellesley, home of Suite 2308
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159 Wellesley Street E, Suite 2308

Listed at $925,000

3Bedrooms
2Bathrooms
≈872Square feet
$700Maint. / mo
≈9 daysOn market
01 / THE PROPERTY

A rare 3-bed corner, one year new.

Suite 2308 at 159 Wellesley Street East — 159SW, Alterra’s 36-storey tower at Yonge and Wellesley, barely a year old when this suite traded. A southwest corner on the 23rd floor: 3 bedrooms, 2 bathrooms, roughly 872 square feet at $1,049 per square foot — and a massive, approximately 211-square-foot wrap-around balcony with lake and downtown skyline views.

Floor-to-ceiling windows in every room, and every one of the three bedrooms with windows and closets. Pitched to investors — comparable 3-bedrooms were renting around $4,500 a month — and to urban-lifestyle families, all in the heart of the city.

Bright staged living and dining room at Suite 2308 with floor-to-ceiling windows and downtown skyline views
Sun-filled living and dining behind floor-to-ceiling glass — the skyline always in frame.
02 / THE SUITE

Every bedroom, a window.

The combined living room and kitchen — 13×16, about 205 square feet — walks straight out to the wrap-around balcony. The primary, 10×10, carries a 3-piece ensuite; the second bedroom, 10×9, looks south over the city; the third, 9×9, faces west. An owned locker (P4 #121), maintenance of $700.22 a month, and 159SW’s amenities: concierge, gym, rooftop deck, party room, visitor parking, and bike storage — all steps from Wellesley Station, U of T, TMU, OCAD, Yorkville, and the Financial District.

  • 3 bedrooms, 2 bathrooms
  • 23rd-floor corner, SW exposure
  • ≈211 sq ft wrap-around balcony
  • Lake + downtown skyline views
  • Owned locker, no owned parking
  • Concierge, gym, rooftop deck, steps to Wellesley Station
03 / THE STRATEGY

Nine days. Gone.

Listed March 6, 2023 at $925,000 — “Stunning Rare 3 Bedroom Corner Suite, 1 Year New!” — this was the investor-friendly 3-bedroom floorplan the downtown market was hungry for. The buyer moved in about nine days; the sale closed April 27, 2023.

  1. 01

    The rare corner

    A genuine 3-bedroom corner suite in a one-year-old Alterra tower — the floorplan investors and end-users were both chasing.

  2. 02

    Priced to move

    Listed at $925,000 — $1,049 per square foot — in the heart of the city, steps from Wellesley Station.

  3. 03

    The investor math

    The pitch ran the numbers: comparable 3-bedrooms renting near $4,500 a month — lifestyle and yield in one suite.

  4. 04

    The result

    Sold mid-March 2023 — about nine days on market, closed April 27, 2023.

04 / INSIDE

Light from two directions.

SOLD

A rare corner, sold in nine days.

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List price

$925,000

Listed by Joseph De Souza — Sold March 2023