Toronto · Ward 10 · PRIVATE
425 Wellington St W
Toronto, Ontario · postal area M5V · Wellington Place
171 units · 13 storeys · built 2023 · managed by RHAPSODY PROPERTY MANAGEMENT SERVICES LP
LTB orders, Jan–June 2026
1Rent control
Likely exemptFire code
0Investment (5 yrs)
2Property standards
1Building facts
Self-reported by the building owner or manager at RentSafeTO registration; City of Toronto open data.
Inspection breakdown
Common areas scored 0–3 by the City inspector at the latest RentSafeTO evaluation (3 = no issues found). Only areas assessed at this building are shown.
Neighbourhood & getting around · Wellington Place
What rents cost here · Toronto Central zone
Zone-wide market averages — not this building's rents| Unit | Vacant units rent for | Sitting tenants pay |
|---|---|---|
| bachelor | $1,790 | $1,599 |
| 1-bedroom | $2,321 | $2,036 |
| 2-bedroom | $3,128 | $2,766 |
| 3-bedroom+ | — | $3,556 |
The gap is what moving costs: a vacant 2-bedroom rents about 13% above what sitting tenants pay. Only 11.8% of units changed tenants in the year to the survey. Vacancy rate: 2.8%. Across the City of Toronto, average rents rose 3% over the year (same-structure sample). CMHC Rental Market Survey, October 2025.
Region-wide asking rents (Toronto area (CMA), Q1 2026, Statistics Canada, Quarterly Rent Statistics): bachelor $1,760 · 1-bed $2,110 · 2-bed $2,660 · 3-bed $3,250. Rentals.ca & Urbanation National Rent Report, July 2026: City of Toronto average $2,577 across all unit types.
Getting around
Distances from this buildingStops within 500 m: 15
Streetcars: 504, 508, 510
24-hour night routes: 304, 310
Nearest subway: St Andrew Station · 999 m
Nearest intersection: Wellington & Spadina · 124 m · 21,754 vehicles in the City's latest count
Who lives in the area
Whole neighbourhood — not this buildingRenters paying 30%+ of income: 47.7%
Renters in subsidized housing: 1.4%
Median household income: $90,000
Average household: 1.5 people
Median age: 30.8
Homes in 5+ storey buildings: 97%
Moved in the past year: 41.2%
Residents: 37,790
Area safety
Whole neighbourhood — not this buildingWhat's nearby
Distances from this buildingCommunity centres: Canoe Landing Community Recreation Centre 455 m · Harrison Pool 937 m
Libraries: Fort York 600 m · Sanderson 1.2 km
Schools nearby
Distances from this buildingMiddle: Lord Lansdowne Jr Sr & Da Vinci · 1.8 km
Secondary (high school): Heydon Park Secondary School · 1.3 km
Catholic elementary: Bishop Macdonell Catholic Elementary · 481 m
Catholic secondary: St Michael'S Choir School - Secondary · 2.0 km
Score history
| Evaluation | Score |
|---|---|
| Jul 30, 2024 | 99 |
| Sep 4, 2026 | 98 |
Recent building permits
| Issued | Type | Work | Est. cost | Status |
|---|---|---|---|---|
| Nov 28, 2023 | Mechanical(MS) | Building Permit Related(MS) | — | Permit Issued |
| Nov 28, 2023 | Plumbing(PS) | Building Permit Related(PS) | — | Permit Issued |
Permits filed at this address since August 2021 (City of Toronto building permits, active file). Permit activity is a sign the owner is investing in the building; estimated costs are as declared by the applicant.
Landlord and Tenant Board orders
How to read these orders and codes →
| File | Application | Date | Order |
|---|---|---|---|
| LTB-L-085678-25 | L1 eviction application for rent arrears | Jan 22, 2026 |
Final orders published by Tribunals Ontario (Jan–June 2026 release). An order records the outcome of an application; a high count of L1 (arrears) filings reflects filing activity, not the state of the building. Orders with confidentiality directives are excluded at source.