Done Deal, 183 Wellington St., W., No. 4504, Toronto
183 WELLINGTON ST. W, No. 4505
ASKING PRICE $3.9-million
SELLING PRICE $3.9-million
TAXES $20,695 (2015)
DAYS ON THE MARKET 10
LISTING AGENT Andy Taylor, Sotheby's International Realty Canada
The Action: In the heart of the Entertainment District, the Residences of Ritz-Carlton has a dwindling number of vacancies, so this two-bedroom suite with an office and family room was purchased by its first visitor late last year.
What They Got: The world-renowned Ritz-Carlton hotel anchors a five-year-old high-rise home to private, luxury suites, such as this south-west corner unit with two bedrooms, an office, an entertaining area and family room off a kitchen with an island with seating for four.
Auxiliary spaces include three bathrooms and en suite laundry facilities, plus a locker and two-car parking.
Monthly fees of $3,815 cover water, heating, 24-hour concierge, doorman and valet services, as well as use of resident-only amenities, from a boardroom to a gym, and à-la-carte access to housekeeping, an on-site spa and restaurants.
The Agent's Take: "The Ritz has nailed that lifestyle component better than any other building in the city … and at the Ritz, it doesn't matter who you are – from a resident to a tradesperson coming in to do something – they're pro-active about making your life easier and that's the lifestyle that really differentiates the Ritz from other buildings," agent Andy Taylor says.
"Unlike other hotel residences that share hotel amenities, like the pool and gym … at the Ritz you have [about] 3,300 square feet that's your own private space and this amenity floor that's just for residents."
The grand scale and size of this suite was another bright point for buyers. "About ten per cent of the units are 3,000 square feet or larger," Mr. Taylor notes.
"The décor in the unit was amazing, [for instance, the seller] has a gentleman who does Venetian plaster better than I've ever seen anywhere in the city."