- Updated On:
- February 20, 2021
8 Wellesley Residences on Yonge is a new high-rise condominium development by CentreCourt Developments and Bazis Inc., in Toronto. 8 Wellesley architect is designed by IBI Group and GBCA Architects. The new project will be located at 8 Wellesley Street West in Toronto. The major intersection is Wellesley Street & Yonge Street.
8 Wellesley Condos Residences will be 55 storey tower with 512 mixed condo units. A fully zoned project with a total of 512 meticulously designed suites ranging from 323 sq.ft up-to 828 sq.ft with a choice of studios, 1 bedrooms, 1 bedrooms plus den, 2 bedrooms, 2 bedrooms plus den and 3 bedrooms. 8 Wellesley Condos is the perfect choice for post-secondary students looking for off-campus accommodations during the school year.
Amenities : 8 Wellesley Residences on Yonge is proposed as a 55-storey condominium structure, with a 50-storey tower anchored by an expansive five-storey podium. The site is currently occupied by a series of two-storey retail and restaurant units, some of which are designated as heritage structures. The proposal moves to restore the heritage facades and incorporate them into the podium, for a look that is modern, yet reflects the area’s rich, historical roots.
512 residential units are proposed, with a mix that includes studios, one-bedrooms, two-bedrooms and three-bedroom units. Residents will have access to over 20,000 square feet of indoor and outdoor amenity space in total.
Three levels of underground housing will include 47 visitors parking spaces. The project’s podium will contain retail at street level to preserve the active pedestrian culture along Yonge, while the residential lobby will be accessible from St. Nicholas Street, a quiet side street on the property’s western edge. This gives the condominium multiple benefits. an intimate and exclusive entrance, while still incorporating all the benefits of the thoroughly urban location is occupies.
Architecture: IBI Group
Interiors: Figure3 x Fendi
Address: 8 Wellesley St W, Toronto
Nearest Intersection: Yonge St / Wellesley St W
Storeys/Suites: 55 Stores / 599 Suites
Incentives: VIP Pricing & First Access to the Best Availability, Capped Development Levies, Assignment, Leasing & Property Management Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
Suite Finishes: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer
Building Amenities: 21,000 sqft
Occupancy: Anticipated For 2025
EXTENDED DEPOSIT STRUCTURE
Initial Deposit $10,000 on Signing (Bank Draft Mandatory)
2nd Deposit Balance to 5.0% in 30 Days
3rd Deposit 2.5% in 45 90 Days
4th Deposit 2.5% in 60 180 Days
5th Deposit 2.5% in 90 Feb 20, 2022
6th Deposit 2.5% in 120 Aug 20, 2022
7th Deposit 5.0% in 270 Jun 20, 2023
CAPPED DEVELOPMENT CHARGES AND LEVIES
• Studios to 1B+D – Capped at $12,000
• 2B and larger – Capped at $17,000
ONE TIME FREE ASSIGNMENT
• Assignment Fee is $5,000.
• The Developer Waives This Fee.