8 Wellesley Residences: Floor Plans, Prices & VIP Sale Materials
8 Wellesley Residences at Yonge is a brand new pre-construction luxury condo by CentreCourt and Bazis Inc at 8 Wellesley St West, Toronto. 8 Wellesley Residences, Toronto’s new icon, located directly on Yonge St., residents will enjoy easy access to outstanding on-site amenities and delightful local services. Not far from major downtown Toronto universities and colleges, adore living near luxury shopping, fine dining, charming restaurants and cozy cafes as well.
8 Wellesley Condos begins occupancy in Q2 2025 but these incredibly sought-after properties are sure to go quickly. Register for PRIORITY VIP ACCESS to the latest floor plans, price list and exclusive incentives.
Phase 1 Selling now
Only 200 units are available for sale. Register now to receive floor plans, hot price list and learn more about availability
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8 Wellesley Residences Overview
| Developer | CentreCourt and Bazis Inc |
| Building Type | Condo Apt |
| Address | 8 Wellesley St W Toronto, ON M4Y 1E7 |
| Occupancy Date | Q2 2025 |
| Price Range | Starting at $500's |
| Storeys | 55 |
| Suites | 599 |
| Size Range | 311 sf - 1,268 sf |
Table of Contents
8 Wellesley Residences Floor Plans and Price List
8 Wellesley Residences offers an array of luxury units and elegant floor plans, giving you ease when furnishing your dream home. Prices start at $500’s.
BDR | Size | View | Price | Plan |
|---|---|---|---|---|
Studio | 323 Sq | North | $524,990 |  |
1B+S | 461 Sq | North | $674,990 |  |
1B | 462 Sq | West | $699,990 |  |
1B+D | 524 Sq | West | $804,990 |  |
2B | 716 Sq | North-West | $959,900 |  |
2B+S | 713 Sq | South-West | $969,900 |  |
3B | 828 Sq | North-East | 1,084,990 |  |
Floor Plans and Pricing Package
All varieties of floor plans are available. Fill the form below to get all floor plans and price list in no time!
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Features and Location
Amenities
- 24 Hour Concierge
- Games Room
- Fitness studio
- Lounge
- Co-Working Space
- Parking
- Party Room
- Outdoor Oasis
- Private Study Rooms
- Outdoor Lounge
Location
- 99/100 walk score
- 93/100 transit score
- 100 meters to the subway
- Yorkville is right around the corner
- U of T and Ryerson minutes away
- Near by local cafes, restaurants, boutique shops, and entertainment options
- A Hub for Healthcare
- Walking distance to Financial District
- 10 minute walk to the Yonge-Dundas Square & CF Toronto Eaton Centre
- Nearby parks include Norman Jewison Park, Alexander Street Parkette and James Canning Gardens
Incentives
Locker
Waitlist
Parking
$109,000
• Only Available for 3B Suites and Larger
• All Other Suite Types On Waitlist
Deposit Structure
$10,000 on signing
- Balance to 5.0% in 30 days
- 2.5% in 90 days
- 2.5% in 180 days
- 2.5% in Feb. 20,2022
- 2.5% in Aug. 20,2022
- 5.0% in Jun. 20, 2023
Maintenance Fees
$0.69/sq. ft
Assignment
One Time Free Assignment
Levies
Studios to 1B+D – Capped at $12,000
2B and larger – Capped at $17,000
Phase 1 Launch Package
Ready for Phase 1 VIP Sale? Register now and be among the FIRST to receive floor plans, price list and much more!
Your information will not be given to any 3rd party and can be deleted upon request.
Developers
CentreCourt
CentreCourt company focused on the development of high-rise residential communities located near major amenities, rapid transit networks and employment areas across the Greater Toronto Area (GTA). . Ranked #11 on the 2020 Growth List ranking of Canada’s Fastest Growing Companies and one of the most active high-rise developers in the GTA with 12 high-rise residential projects in various stages of development, collectively representing over 6,000 homes and over $3.1 billion dollars of development value.
Bazis.Inc
The focus at BAZIS has been on designing luxurious living spaces with the utmost attention to detail; living spaces where expression through design meets human interaction. We are committed to maintaining the highest standards of excellence in every facet of the residential and commercial real estate development process. Being able to successfully combine visionary architecture and design with marketing and construction, has turned BAZIS into a reckoning force in pronouncing the city’s landscape.
8 Wellesley St W, Toronto, ON M4Y 1E7
FAQ - 8 Wellesley Residences
We understand that you may have questions regarding 8 Wellesley Residences, and we are delighted to answer. In this regard, we have provided answers to most of the frequently asked questions.
How do I know which suites in 8 Wellesley Residences I can afford?
If you’re looking to purchase a pre-construction condo in 8 Wellesley Residences, you’ll need to make a down payment of 5%. However, the down payment varies as it could be up to 20% depending on CenterCourt.
Do I get a cooling-off period?
Yes, you’ll certainly get a cooling-off period. The cooling-off period is 10 calendar days, not business days. The cooling-off period basically allows you to have a lawyer review your contract with you if you wish and get a mortgage pre-approval letter.
Do I need to have a lawyer to purchase a condo in 8 Wellesley Residences?
Initially, when you need to sign the agreement, you wouldn’t need a lawyer. On the other hand, we always advise that you use a qualified lawyer to review the purchase and sale agreement after you sign it. This can be done within your 10-cooling-off days. If you have trouble getting a lawyer, we can be of immense help.
Do I need to have a mortgage pre-approval to buy any condos in 8 Wellesley Residences?
More than half of the builders will need you to show them proof of financing ability. However, you don’t need this to sign a contract. But you’re expected to show them within 60 days of signing.
Do the prices for 8 Wellesley Residences units include HST?
Well, this entirely depends on your reason for purchase.
If you’re purchasing the condo yourself and plan to move in, then yes, the prices include HST. However, you won’t be paying anything at the final closing.
If you’re purchasing the condo as an investment rental property, you will have to pay 7.8% of the purchase price as HST at the final closing.
This money is going to be remitted to CRA. However, as a rental investor renting out your property, you can immediately apply to the CRA to get this money back. It takes about one month to get your rebate back. Please consult with yout accountant for the most updated regulations.
What are my closing costs on a pre-construction condo in 8 Wellesley Residences?
Endeavor to know that closing costs tend to vary across a variety of reasons. One major reason is the actual purchase price of the condo you’re buying, while other reasons are the builder, the type of condo you’re buying, and the city you’re buying in.
Averagely speaking, you can expect to pay 3 – 5% of the purchase price in closing costs when buying a brand-new condo.
Are there any hidden fees when buying any of the 8 Wellesley condos?
No, buying an 8 Wellesley condo comes with no hidden fees or charges. This is because every fee is well spelled out in the agreement of purchase and sale. As said earlier, all buyers have 10-calendar days to review the agreement and advise them on the exact closing cost amounts.
If you need a lawyer to review your agreement, we can refer you to several expert law firms that will review your agreement meticulously.
Can I assign my condo? How much is the assignment fee?
Most condo builders allow you to sell your unit before the building is complete. This process is referred to as selling by “assignment.” This kind of selling comes with a legal and assignment fee. These fees range from $1000-$5000.
