Residences of The Ritz Carlton

183 Wellington St W, Toronto

79

Total Units

10

For Sale

1

For Rent

10

Sold

43

Leased

$5.2M

Avg Price

47

Days (Sale)

37

Days (Lease)

Viya Condex

Viya Condex

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Unit 4602/03 - Photo 1
1 / ...
For Sale

$22,500,000

Unit 4602/03

MLS# C12453860

183 Wellington Street W 4602/03, Toronto C01, ON M5V 0A1

3bed|5bath|5000 +sqft
3parking|1locker
Residential Condo & Other|$9100 fees|$39500 tax
124 days on market
Unit 4006 - Photo 1
1 / ...
For Sale

$5,195,000

Unit 4006

MLS# C12420321

183 Wellington Street W 4006, Toronto C01, ON M5V 0A1

2bed|3bath|2,286sqft
2parking|1locker
Residential Condo & Other|$3545 fees|$14509 tax
141 days on market
Unit 4301 - Photo 1
1 / ...
For Sale

$4,995,000

Unit 4301

MLS# C12418633

183 Wellington Street W 4301, Toronto C01, ON M5V 0A1

3bed|3bath|2500-2749sqft
2parking|1locker
Residential Condo & Other|$3957 fees|$16424 tax
141 days on market
Unit 4104 - Photo 1
1 / ...
For Sale

$4,988,000

Unit 4104

MLS# C12513306

183 Wellington Street W 4104, Toronto C01, ON M5V 0A1

2bed|3bath|2500-2749sqft
2parking|1locker
Residential Condo & Other|$3870 fees|$15207 tax
97 days on market
Unit 2506 - Photo 1
1 / ...
For Sale

$3,750,000

Unit 2506

MLS# C12556032

183 Wellington Street W 2506, Toronto C01, ON M5V 0A1

2bed|3bath|1,920sqft
2parking|1locker
Residential Condo & Other|$2961 fees|$11877 tax
84 days on market
Unit 2403 - Photo 1
1 / ...
For Sale

$2,449,000

Unit 2403

MLS# C12447989

183 Wellington Street W 2403, Toronto C01, ON M5V 0A1

1bed|2bath|1600-1799sqft
1parking|1locker
Residential Condo & Other|$2549 fees|$9841 tax
127 days on market

Showing 1-6 of 10 properties

Property Type:
Condo
Number of Units:
79
Condo Demand:
High
Unit Availability:
High
Number of Storeys:
Condo Completion:
Unit Size Range:
1,200 - 3,499 SQFT
Property Management:
Ritz Carlton Property Management

Market Overview

Inventory Rate

12.7%

Highest Sale

$5.7M

Lowest Sale

$2.0M

Avg Maintenance

$3198/mo

Year Built

Market Intelligence

Price per sqft analysis and trends

Residences of The Ritz Carlton

Sale PSF

$1355/sqft

9 sales

Lease PSF

$5.24/sqft/mo

32 leases

Waterfront Communities C1

Sale PSF

$894/sqft

93 sales

Lease PSF

$4.36/sqft/mo

1 leases

Toronto C01

Sale PSF

$883/sqft

173 sales

Lease PSF

$4.36/sqft/mo

1 leases

Toronto

Sale PSF

$788/sqft

861 sales

Lease PSF

$3.74/sqft/mo

1 leases

Price Per Sqft Trends

Avg:$1362/sqft
Range: $1005 - $1788/sqft
$1200$1400$1600Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 252024-10-23 Price: $2,130,000 Size: 1700 sqft PSF: $1252.94/sqft2025-04-03 Price: $2,050,000 Size: 1500 sqft PSF: $1366.67/sqft2025-04-30 Price: $1,900,000 Size: 1515 sqft PSF: $1254.13/sqft2025-04-30 Price: $1,900,000 Size: 1700 sqft PSF: $1117.65/sqft2025-05-15 Price: $1,950,000 Size: 1500 sqft PSF: $1300.00/sqft2025-06-12 Price: $1,870,000 Size: 1300 sqft PSF: $1438.46/sqft2025-10-09 Price: $2,275,000 Size: 1500 sqft PSF: $1516.67/sqft2025-10-30 Price: $2,438,000 Size: 1500 sqft PSF: $1625.33/sqft2025-11-10 Price: $2,075,000 Size: 1500 sqft PSF: $1383.33/sqftSale PSF ($)
Exact sqft
Estimated
Fallback
Avg

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
Residences of The Ritz CarltonThis Building
13555.24/mo932
Waterfront Communities C1
894+52%4.36/mo+20%931
Toronto C01
883+53%4.36/mo+20%1731
Toronto
788+72%3.74/mo+40%8611

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Market Analysis

Sale prices at Residences of The Ritz Carlton average $1355/sqft, which is significantly above the Waterfront Communities C1 community average of $894/sqft (+52%).

Prices here are premium compared to the broader Toronto area ($788/sqft).

Rental rates are strong at $5.24/sqft monthly, 20% above the community average, with solid rental yield of 4.6%.

The building has seen 9 sales and 32 leases in recent transactions, indicating moderate market activity.

Avg Sale PSF

$1355

Avg Lease PSF

$5.24/mo

Gross Yield

4.6%

Transactions

41

Investment Analysis

Est. Monthly Rent

$9,238

Based on $5.24/sqft

Gross Yield

4.64%

Good Yield

Before expenses

Net Yield

2.17%

Low Yield

After expenses

Years to Recover

21.6

Via rental income

vs Waterfront Communities C1
-1.21%

Waterfront Communities C1 avg: 5.85%

vs Toronto C01
-1.29%

Toronto C01 avg: 5.93%

Avg. Monthly Operating Costs

Maintenance: $3707/mo
Property Tax: $1202/mo

Building PSF Range

$4Avg: $1,355/sqft$1,625

💡 Investment Insight: Residences of The Ritz Carlton provides moderate yield at 4.64%, balancing cash flow with appreciation potential. Yield is 1.21% below Waterfront Communities C1 average, likely due to premium pricing. Operating costs reduce yield by 2.47% - consider maintenance fees when evaluating.

Parking & Locker Values

Parkingcommunity

Purchase

N/A

Monthly Lease

$208.93/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

BBQs Allowed
Car Wash
Concierge
Elevator
Exercise Room
Guest Suites
Gym
Indoor Pool
Media Room
Party Room/Meeting Room
Rooftop Deck/Garden
Sauna
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsCondo TaxesHeatHydroParkingWater

Building Reviews

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About Residences of The Ritz Carlton

Residences of The Ritz Carlton is a premier condominium located at 183 Wellington St W, Toronto in the heart of Toronto. This 79-unit building offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 64 units available at Residences of The Ritz Carlton, with prices averaging around $5225K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

Residences of The Ritz Carlton stands out in Toronto's competitive real estate market for its prime location in the Toronto C01 area. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at Residences of The Ritz Carlton, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.

Keywords: Residences of The Ritz Carlton Toronto Real Estate

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Viya Condex

Your Agent

Viya Condex

Realtor

Condo Specialist

Remax Viya Condex Realty

kingshahrealtor@gmail.com416-992-6503View My Portfolio

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