Condo of the Week: $3.2 million for a downtown penthouse with room for a crowd

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Published on: November 12, 2016

Address: 22 Wellesley Street East, Penthouse 1
Neighbourhood: Church-Yonge Corridor
Agent: D. Kathie Wood, Harvey Kalles Real Estate Ltd., Brokerage
Price: $3,199,000
Previously sold for: $2,100,000, in 2011

The place

A penthouse with exposed concrete columns, an onyx bar and a shoe closet that would make Carrie Bradshaw swoon.

Here’s the foyer:

toronto-condo-for-sale-22-wellesley-street-east-1

The living room, with its onyx bar:

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The kitchen:

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There’s an office space beside the dining room:

toronto-condo-for-sale-22-wellesley-street-east-5

The powder room:

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There are three bedrooms. Here’s one of them:

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Another bedroom:

toronto-condo-for-sale-22-wellesley-street-east-8

And the master bedroom. Its marble fireplace is designed to burn in total silence, so as not to distrub the owner’s rest:

toronto-condo-for-sale-22-wellesley-street-east-9

Here’s that shoe closet:

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And the master ensuite, with a futuristic soaker tub and a view of the city:

toronto-condo-for-sale-22-wellesley-street-east-11

The history

An Alberta businessman and his wife purchased this unit in 2011, envisioning a grand overhaul. More than $500,000 later, interior design agency Union31 had transformed the penthouse to the couple’s taste. The sellers have since had a daughter and want more space. They listed the penthouse in July and started looking for houses in Rosedale.

Big selling point

Like throwing dinner parties? There’s enough room here to host 30 guests for a sit-down meal. (The owners have packed in 50 for mix-and-mingle parties.)

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Possible deal-breaker

The building’s amenities aren’t that special. The tiny fitness room likely isn’t up to snuff for serious gym buffs, and the communal terrace is redundant, thanks to the 800 square feet off the penthouse’s living room:

toronto-condo-for-sale-22-wellesley-street-east-12

By the numbers

• 3,225 square feet
• $2,470.64 in monthly maintenance fees
• 4 bathrooms
• 3 bedrooms
• 2 parking spaces
• 2 ovens
• 2 fridges

Article source: http://torontolife.com/real-estate/condos/toronto-condo-for-sale-22-wellesley-street-east/

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