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400 Wellington Street is a modern, mid-rise condo development in the strong, trendy neighborhood of King West. Originally built in 2012 by the Sorbara Group developers, 400 Wellington Street provides a comfortable downtown Toronto living experience, attracting those who regularly find themselves in and around the city’s entertainment district. The modest 11-storey building is comprised of approximately 102 units ranging in size from smaller suites at 510 sq. ft. to larger suites as high as 1,770 sq. ft.
One of the main advantages to living at 400 Wellington Street is its somewhat secluded, out of the way setting. Visiting 400 Wellington Street for the first time, it would be difficult to believe that one of Toronto’s most exciting streets is situated just around the corner. Widely known for its nightclubs, gourmet restaurants, and boutique fashion shops, the King West neighborhood is one of the best spots in the city to get out and get a feel for the latest trends. For example, minutes away are key Toronto landmarks as well such as the TIFF Bell Lightbox and the Princess of Wales Theatre. Also, 400 Wellington Street gets huge points for its transit convenience with residents enjoy at-your-door TTC service. Jump on the King Street streetcar to venture east or west, or hop on the Spadina streetcar to head north to Bloor to south to Union Station.
The suites at 400 Wellington Street include smaller one-bedrooms to larger two-bedrooms plus den. Common features include nine-foot exposed concrete ceilings, double-glazed low-E thermal windows, engineered hardwood flooring, and a mix of balconies, terraces, and sundecks depending upon where one’s suite is situated in the building.
In addition to the beautiful suites, the developers at 400 Wellington Street make the most of the limited common space available in this part of the city, building basic amenities to ensure that residents enjoy a comfortable, practical lifestyle that take them out of the city. The building amenities at 400 Wellington Street include pets being allowed, a parking garage and visitor parking available, concierge services, an enter phone system, and a fibre network that residents are permitted to tap into. Also, maintenance fees at 400 Wellington Street assists in covering common element maintenance, heat, and water.
400 Wellington Street boasts a perfect transit score of 100 out of a possible 100 and maintains a near-perfect walk score of 98 out of a possible 100. In addition to key Toronto landmarks such as the Rogers Centre and Ripley’s Aquarium of Canada being only a short walk away, there is a wide range of unique businesses within a few hundred metres of 400 Wellington Street. If you’re looking for outdoor space, Saint Andrew’s Playground on Adelaide, the Clarence Square Dog Park on Spadina, and Victoria Memorial Park on Wellington are all ideal green spaces to take a pet or to enjoy a walk on a warm day. There’s a comfortable mix of grocery stores in the neighborhood as well with the Fresh & Wild Food Market at the Spadina/King intersection and the Metro Centre Marketplace down Wellington. There is also a healthy mix of restaurants ranging from the nightclub Indo-Chinese style Spice Route on King, the Jacobs & Co. Steakhouse on Brant, and the cocktails and ping pong fun of SPiN Toronto.
The average price per square foot at 400 Wellington Street is $683, boasting a strong annual growth rate of 7.9 percent which is more or less on track for average growth in the neighborhood. As it relates to an investment in King West, 400 Wellington Street has strong, dependable growth rates having been on an upward swing throughout the last five years. Also, unlike other condo developments in King West, maintenance fees have largely remained stable per square foot, despite the continuing rise in value.
400 Wellington Street has built itself a strong reputation as a pragmatic, affordable collection of condos appropriate for any first-time buyers and those who are seeking a way to move into the neighborhood. The living environment at 400 Wellington Street was designed considering the basic amenities of high class living and its close relationship with the King West amenities in close proximity. The mid-1900s era inspired layout of windows and masonry work, the red-brown warehouse aesthetic built into the exterior design, and the form and function of the suites themselves make for a dazzling place to live.