8 Wellesley East — Rental Market Data

At 8 Wellesley East, active inventory consists of 5 available listings as of August 31, 2026, spanning a price range of $2,000 per month to $4,500 per month with an average asking rent of $3,145 per month and a median asking rent of $3,200 per month. Active suites feature an average size of 630 square feet and an average asking rate of $5.06 per square foot. Each bedroom tier holds an identical 20 percent share of active supply, reflecting a balanced distribution across studio, 1-bedroom, 2-bedroom, and multi-bedroom formats rather than leaning exclusively toward compact entry-level footprints.

The dominant active layout at 8 Wellesley East is the 1-Bedroom configuration, representing 1 listing and a 20 percent share of active inventory. The 1-Bedroom tier averages $2,225 per month across 400 square feet at $5.56 per square foot. Additional available inventory includes a Studio layout priced at $2,000 per month across 400 square feet at $5.00 per square foot, a 1-Bedroom + Den suite asking $3,200 per month across 650 square feet at $4.92 per square foot, a 2-Bedroom unit listed at $3,800 per month across 750 square feet at $5.07 per square foot, and a 3-Bedroom+ suite asking $4,500 per month across 950 square feet at $4.74 per square foot.

8 Wellesley East features a minimum entry rent of $2,000 per month and a peak asking rent of $4,500 per month, generating a dollar spread of $2,500 per month or a 125 percent asking spread. The median asking rent across active inventory stands at $3,200 per month. The entry-level option is a Studio suite measuring 400 square feet with an asking rate of $5.00 per square foot, contrasted against the peak suite which is a 3-Bedroom+ layout offering 950 square feet at an asking rate of $4.74 per square foot.

At 8 Wellesley East, upgrading from a standard 1-bedroom configuration to a 1-Bedroom + Den layout requires an active den premium of $975 per month in exchange for a square footage delta of 250 square feet. This extra den space carries a marginal cost of $3.90 per square foot. Meanwhile, active parking premium data is currently inconclusive due to an unreliable outlier or insufficient sample, meaning parking stall costs cannot be reliably isolated from current listings.

Asking rents at 8 Wellesley East average $3,145 per month at $5.06 per square foot, comparing against the Downtown Core submarket asking averages of $3,471 per month at $4.56 per square foot. The building's lower nominal monthly outlay is driven by compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot trades at an 11 percent premium compared to the submarket asking benchmark while representing 5 units out of 224 total active submarket listings.

8 Wellesley East achieves an average lease rent of $3,018 per month, trading higher than the overall comparable average of $2,615 per month across nearby properties such as Residences at 555 Yonge, 11 Wellesley on the Park, and 22 Condominiums. Residences at 555 Yonge (555 Yonge St) reports an average lease rent of $2,387 per month at $3.93 per square foot across an average of 623 square feet. 8 Wellesley (8 Wellesley St W) reports no recent lease activity over the observation window due to its 2025 completion year. 11 Wellesley on the Park (11 Wellesley St W) records an average lease rent of $2,838 per month at $5.03 per square foot across an average of 572 square feet. Finally, 22 Condominiums (22 Wellesley St E) averages $2,621 per month at $4.50 per square foot across an average of 601 square feet.

8 Wellesley East provides a competitive value proposition in the Downtown Core submarket, offering a leased rate of $4.76 per square foot across an average footprint of 657 square feet compared to newer alternatives like 11 Wellesley on the Park at $5.03 per square foot across 572 square feet. Renters evaluating these properties weigh specific functional trade-offs, choosing between the larger, more established layouts at 8 Wellesley East that deliver greater absolute interior square footage versus the higher per-square-foot cost of smaller, modern high-rise alternatives in the immediate vicinity.

8 Wellesley East delivers a robust lifestyle and amenity profile for its residents, anchored by a concierge and security service, a gym and fitness centre, a party and lounge room, a rooftop terrace, a BBQ area, and a sauna and steam room. When contrasted against nearby competitors, the building holds its own against newer peers like 11 Wellesley on the Park—which includes an indoor pool, yoga studio, hot tub, and pet wash station—while offering more extensive traditional wellness and social spaces than older neighborhood towers like Residences at 555 Yonge. This suite of amenities particularly serves urban professionals and couples seeking established building community spaces coupled with convenient downtown access.