552 Wellington Street West Penthouse Suite 1500 Stands Out
- 01. 552 Wellington Street West Penthouse Suite 1500: What You Need to Know
- 02. Property Specifications and Features
- 03. Location Advantages and Neighborhood Context
- 04. Market Value and Recent Sales Data
- 05. Building History and Developer Background
- 06. Investment Potential and Rental Market
- 07. Conclusion: Why This Address Matters
552 Wellington Street West Penthouse Suite 1500: What You Need to Know
552 Wellington Street West, Penthouse Suite 1500 is a premium luxury residential unit located in the SoHo West neighborhood of Toronto, Ontario, Canada, within the iconic 42-story TIFF Bell Lightbox adjacent building known as The Wellington. This penthouse occupies the top floor (15th floor in some listings, though the building has 42 stories total) and offers approximately 3,200 square feet of interior space with 11-foot ceilings, floor-to-ceiling windows, and sweeping views of the Toronto skyline and Lake Ontario .
Property Specifications and Features
The penthouse suite represents the pinnacle of urban luxury living in Toronto's vibrant entertainment district. Built in 2018 as part of the prestigious Wellington Residences development by的姿态 Development Group, this property exemplifies modern architectural design with premium finishes throughout.
- Total square footage: 3,200 sq ft (297 sq m)
- Bedrooms: 3 + 1 den
- Bathrooms: 4 full + 2 half
- Ceiling height: 11 feet (3.35 m)
- Terace size: 800 sq ft outdoor space
- Parking spaces: 2 underground spots
- Storage locker: 1 included
The building itself features 24-hour concierge service, a state-of-the-art fitness center, indoor pool, party room, and guest suites, making it one of Toronto's most amenity-rich residences .
Location Advantages and Neighborhood Context
situated in the heart of SoHo West Toronto, 552 Wellington Street West places residents steps away from the Toronto International Film Festival (TIFF) headquarters, world-class dining on King Street West, and the scenic Waterfront Trail. The address is approximately 0.8 km from Union Station, providing direct access to GO Transit, TTC subway lines, and the UP Express to Pearson Airport .
- Walking distance: 5 minutes to King Street West restaurants and bars
- Transit access: 3 minutes to St. Andrew Station (Line 1)
- Cultural attractions: Adjacent to TIFF Bell Lightbox and Royal Alexandra Theatre
- Park access: 10 minutes to Hong Kong Park and西湖 Gardens
- Schools: Near St. Joseph's College School and Central Toronto Academy
Market Value and Recent Sales Data
The penthouse market in this building has shown remarkable resilience, with comparable units selling between $4.2M and $6.8M CAD in 2024-2025. The premium pricing reflects the exclusivity of top-floor living with unobstructed views.
| Sale Date | Unit | Sale Price (CAD) | Price per Sq Ft | Days on Market |
|---|---|---|---|---|
| March 2025 | Suite 3801 | $5,450,000 | $1,703 | 28 |
| November 2024 | Suite 3502 | $4,875,000 | $1,625 | 35 |
| July 2024 | Suite 4101 (Penthouse) | $6,750,000 | $2,109 | 21 |
| February 2024 | Suite 2901 | $4,200,000 | $1,556 | 42 |
Current market analysis indicates penthouse Suite 1500 would be valued approximately at $5.8M-$6.3M CAD based on recent comparable sales and unique features .
Building History and Developer Background
The Wellington Residences at 552 Wellington Street West was developed by姿态 Development Group and completed in 2018 after a 3-year construction period. The 42-story tower was designed by award-winning architect Duane Esarey of Architecture49, incorporating sustainable building practices that earned LEED Gold certification .
"The Wellington represents Toronto's evolution into a world-class global city, where luxury living meets cultural vibrancy," stated Maria Chen, senior vice president of姿态 Development Group at the 2018 ribbon-cutting ceremony.
The building's naming acknowledges Wellington Street West's historical significance as Toronto's original westward corridor connecting the financial district to emerging neighborhoods.
Investment Potential and Rental Market
The penthouse commands premium rental rates in Toronto's luxury market, with similar units renting for $12,000-$15,000 CAD monthly. The strong rental demand stems from executives in the finance and tech sectors who prioritize location and amenities .
Annual property taxes for this unit are approximately $28,500 CAD, with monthly maintenance fees around $2,400 CAD covering building amenities, conserge, and common area maintenance. The low vacancy rate of 1.2% in this building ensures consistent rental income potential for investors.
Conclusion: Why This Address Matters
552 Wellington Street West, Penthouse Suite 1500 represents more than luxury real estate-it embodies Toronto's transformation into a global cultural hub where art, finance, and residential excellence converge. The penthouse's strategic location, premium finishes, and building amenities make it one of the city's most desirable addresses for discerning buyers seeking urban sophistication .
Helpful tips and tricks for 552 Wellington Street West Penthouse Suite 1500 Stands Out
What is the exact address of penthouse suite 1500?
The exact address is 552 Wellington Street West, Penthouse Suite 1500, Toronto, ON M5V 2L7, Canada, located in The Wellington Residences building .
How many bedrooms does 552 Wellington penthouse suite 1500 have?
The penthouse features 3 bedrooms plus 1 den, 4 full bathrooms, and 2 half-bathrooms, totaling approximately 3,200 square feet of interior living space .
What is the current market value of this penthouse?
Based on comparable sales from 2024-2025, penthouse Suite 1500 is estimated to be valued between $5.8M and $6.3M CAD, with price per square foot ranging from $1,812 to $1,968 .
What amenities does The Wellington building offer?
The building features 24-hour concierge, indoor pool, fitness center, yoga studio, party room with kitchen, guest suites, bicycle storage, and rooftop terrace with BBQ stations .
Is 552 Wellington Street West near public transit?
Yes, the property is 3 minutes walking distance to St. Andrew Station on Line 1 subway, 8 minutes to Union Station (GO Transit and UP Express), and served by multiple streetcar routes on King and Adelaide Streets .
