81 Wellesley is a residential development by Aragon Properties. It is designed by Core Architects and is located at 81 Wellesley St East, close to Church Street. It is currently in pre-construction and the completion date is unknown at this time.
81 Wellesley stands at 28 storeys and is comprised of approximately 200 units. Units range in size from studio to two bedroom suites. Some of the units feature custom designer kitchens, 9 foot ceilings and large wrap-around balconies. The tower will rise from a six-storey podium structure, in which floors 6 and 7 contains the amenity areas and open-air terrace.
Building amenities include:
- Terrace Lounge
- Fitness Room
- Yoga & Pilates Studio
- Lobby Lounge
- 24/7 Concierge
- Party Room
- Car Elevator
81 Wellesley is located in the heart of the Church-Wellesley Village. There are many great bars, restaurants and dance clubs all located within a few city blocks of each other. It is a short walk to Yonge Street and Wellesley Subway Station, making it easy for transit access. There is also one of the nicest Loblaws in the city close by at the corner of Church and Carlton, where the old Maple Leaf Gardens used to be.
The building is located near many universities in downtown Toronto, making it an ideal place for investors to lease out units. With Ryerson University and U of T nearby, the demand to live here is very high. Leasing out the one plus den units to students will generate a monthly rent of $1,700-$1,900. This is a very high-demand area to live and we believe 81 Wellesley is a great investment opportunity.
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