Mid-Rise Condo

500 Wellington West

by Freed Developments

500 Wellington Street W, Toronto, ON M5V 1E3

Year Built

2012

Total Units

Storeys

Available Units in 500 Wellington West

Units for sale

Units for rent

Live MLS · Updated daily

Overview

If you are a budget minded loft buyer — now would be a good time to avert your eyes.

Built in 2011 by Freed Developments, 500 Wellington Street West is an exclusive property offering 17 Toronto lofts spread out over 10 storeys. While many buildings attempt to appeal to buyers of all price ranges by offering both affordable and executive Toronto condos for sale — 500 Wellington is not one of those buildings. From concept to completion, this property was designed with high-end buyers in mind and these King West condos have the square footage and finishes to prove it.

500 Wellington West is a privacy focused building, providing amenities that are in line with a boutique development; security guard, parking, and a rooftop terrace with barbeques. But you won’t need an extensive list of amenities with a loft at 500 Wellington, because your neighbourhood has a slew of options for recreation, green spaces, nightlife and community.

So, if you’ve been searching for that perfect executive home to match your executive lifestyle — 500 Wellington West has the lofts you’re looking for.

Developer

Freed Developments

Year Built

2012

Property Type

Mid-Rise Condo

Storeys

Total Units

Management

First Service Residential

Amenities

Security System

BBQ Area

Outdoor Pool

Price History

13 records

Loading history…

Market Stats

—

Avg $/sqft

Steady

YoY change

—

Avg days on market

Location & Walkability

Walk Score

97/100

Daily errands on foot

Transit Score

100/100

TTC, GO, subway access

Bike Score

70/100

Bike lanes & infrastructure

Neighbourhood in Toronto

King West

vibrant urban active

King West is a vibrant neighbourhood in Toronto known for its lively atmosphere. It offers a mix of urban living with access to various amenities.

No homes currently for sale No rental listings available Schools rated 7 Close to city amenities

Day to dayLivability

Schools near listings

out of 10 · averaged over 10 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lively atmosphere with urban conveniences
Good school ratings
Access to various amenities

Keep in mind

No current housing options available
Prices may be above city median

The feel of the placeLifestyle

Daily life in King West is dynamic with many options for dining and entertainment. It attracts a diverse crowd looking for an active urban lifestyle.

Great for young professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

1.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 1.2 km² of King West. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Niagara Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.4/107.3 over 5 yrs
626th of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
ALPHA Alternative Junior School
Public · Grades JK–6 · Toronto DSB
Not rated
75 students
Oasis Alternative Secondary School
Public · Grades 9–12 · Toronto DSB
Not rated
80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside King West, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

25,090

Population (2021)

1.1 km²

Area

22,396

People per km²

33.2

Median age

$98,675

Median income

46%

Own their home

1.6

People per household

15,860

Households

Every age

Children (under 15)6.3%
Working age (15–64)88.9%
Seniors (65+)4.8%

What is built here

Townhouses2.6%
Duplexes1.4%
Low-rise apartments6.1%
High-rise apartments89.3%

Own or rent

46%Owners

54%Renters

Across 15,860 households

When it was built

Mostly 2011–2015

1960 or earlier4%
1961–19802%
1981–19907%
1991–200010%
2001–200514%
2006–201015%
2011–201526%
2016–202123%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

32.3%
Born outside Canada: 72%
Hold a degree or higher: 79.9%
Employment rate: 22%
Commute by transit: 38.7%
Commute by car: 1.3
Children per family: $81,558
Median income after tax: $133,285
Average household income: 11.9%
Living on a low income: $2,062/mo
Renters pay, per month: $2,243/mo
Owners pay, per month: $742,732
Median home value at census: 43%
Renters spending 30%+ of income on housing: 33.2%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry