Year Built
2014
Mid-Rise Condo
Downtown Condos
by Parallax Investment Corp
508 Wellington Street W, Toronto, ON M5V1E3
Total Units
91
Storeys
11
Available Units in Downtown Condos
1
Unit for sale
From $489,000
0
Units for rent
Live MLS · Updated daily
Overview
While this building name might be a little on the nose for some buyers, the creativity that went into these downtown Toronto condos belies the lacklustre name.
Downtown Condos is like a chameleon of sorts: its shape-shifting abilities provide residents with as much flexibility as a building can possibly offer. Sweeny and Co. Architects Inc. understand the possibility of a single resident’s needs and tastes adapting over time.
As a result, they created the condos at 508 Wellington Street West with this foresight in mind. For one, they ensured that the building was zoned for both commercial and residential functions. This way, residents can purchase personal residences and offices in the same building, with the possibility of combining them into one larger home in the future.
Built in 2014, the Downtown Condos provides buyers with the option to combine multiple units at the time of purchase, or even later on. This is feasible thanks to Sweeny and Co.’s column system design, along with raised floors that sit above the plumbing. With no concrete load-bearing walls in sight, the walls that do exist can be removed, moved, or eliminated altogether.
Together with parallax Investment Corp., Sweeny and Co. produced 91 units that span 11 storeys at the corner of Wellington Street West and Portland. Even the exterior involves a clever mix of colour and texture. Slate-hued brick, and glass make up the majority of the façade, while warm wood accents decorate the front entryway.
The cozy building feels exclusive thanks to its modest size. The amenities, however, are anything but modest: the building boasts a party room, media room, and games room, as well as a rooftop terrace with barbecues, bicycle parking, stacked car parking, and a full gym. Oh, and did we mention there’s a concierge waiting to assist you as well?
Developer
Parallax Investment Corp
Year Built
2014
Property Type
Mid-Rise Condo
Storeys
11
Total Units
91
Management
Duka Property Management Inc.
Amenities
Security System
Fitness Centre
Elevator
Party Room
Bike Storage
24/7 Concierge
Price History
66 recordsLoading history…
Market Stats
Prices in Downtown Condos are up 14.4% compared to last year.
—
Avg $/sqft
+14.4%
YoY change
11
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
At a glance
Day to dayLivability
7
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
0
For rent
0
Recently sold
Sign in to see sold data
Recently leased
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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.
11
Parks
7
Playgrounds
35
Transit stations
7
Grocery stores
93
Restaurants
39
Cafés
10
Gyms
8
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
2
Elementary
1
Secondary
Niagara Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.4/107.3 over 5 yrs626th 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
