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Highlights

  • Rent Special
  • Pet Friendly

Location

240 Wellesley St E, Toronto, ON M4X 1G5, CAN|Saint James Town
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Contact

Management

Wellesley Parliament Square

Leasing office

(365) 645-7330

Property Overview

240 Wellesley Street Residences earns a strong overall rating with standout marks for value, amenities, location, and quality, suggesting a well-rounded rental option. It is also noted for 18 photos, walkability, nearby public transit, outdoor spaces, a quiet environment, high-speed internet, and included utilities, making it appealing for those prioritizing convenience, comfort, and practical features.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.4
Excellent
240 Wellesley Street Residences is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Images Available
  • Outdoor space

Great for

  • Pet owners
  • Work-from-home
  • Eco living

Floor plans

BachelorStudio1 bath396 sqft$1,450 /mo1 unit available
Junior 1 Bedroom1 bed1 bath$1,550 /mo1 unit available
1 Bedroom1 bed1 bath638 sqft$1,650 /mo1 unit available
2 Bedroom2 bed1 bath$2,100 /mo1 unit available

Let's explore this property.

Amenities for 240 Wellesley Street Residences

Apartment Amenities

BalconyCentral Heat
Hardwood FloorHeat
View

Appliances

FridgeIndividual Thermostats
Stove

Tech

Internet Ready

Building

Bicycle RoomCats OK
Dogs OKOnsite Laundry
Video Surveillance

Grounds

Garage ParkingOutdoor Space
Shared Yard

Services

On-Site ManagementSecurity Onsite

Neighborhood

Convenience StorePublic Transit
Shopping Nearby
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Deposit

One-time.

$2,900–$4,200

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Garage Lot

Garage Lot

Parking Fee

Monthly. 2 garage lots max.

$120

Questions about this property’s policies and fees?

Building details

Property details

Year built1960
Lease terms12 months
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About 240 Wellesley Street Residences

HomeApartments in TorontoSaint James Town 240 Wellesley Street Residences

Our large and bright apartments boast new kitchens with granite countertops, renovated bathrooms, balconies, refinished parquet flooring, ample closet space and large windows to show-off the breathtaking views of the entire city. From our spacious bachelor apartments to our large 2 bedroom units, we have the perfect apartment for every type of applicant.


Year Built: 1960

Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.4
/10
Excellent
240 Wellesley Street Residences is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 240 Wellesley Street Residences
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
240 Wellesley Street Residences offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
240 Wellesley Street Residences stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
240 Wellesley Street Residences is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
240 Wellesley Street Residences has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

240 Wellesley Street Residences is great for:

Pet owners

  • Outdoor spaces are available at this property

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • Thermostats

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 240 Wellesley Street Residences compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors

Considerations

No elevator
Accessibility options are limited

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Rent trends in Saint James Town

Studio apartments at 240 Wellesley Street Residences cost about 9% less than the average rent price for studios in Saint James Town.

1-bedroom apartments here are priced 6% lower than 1-bedrooms in Saint James Town.

If you decide to upgrade your space, you can expect 2-bedrooms at 240 Wellesley Street Residences to be 16% less than the average for similarly sized apartments in Saint James Town.

Median rents as of Aug 15 2026.
Saint James Town
Toronto
A table of studio rental data trends in Toronto
MonthMedian Rent
August 2024$1,949
September 2024$1,907
October 2024$1,898
November 2024$1,899
December 2024$1,899
January 2025$1,887
February 2025$1,853
March 2025$1,862
April 2025$1,856
May 2025$1,842
June 2025$1,806
July 2025$1,800
August 2025$1,800
September 2025$1,799
October 2025$1,798
November 2025$1,768
December 2025$1,750
January 2026$1,741
February 2026$1,709
March 2026$1,700
April 2026$1,700
May 2026$1,706
June 2026$1,722
July 2026$1,732
August 2026$1,726
A table of studio rental data trends in Saint James Town
MonthMedian Rent
August 2024$1,675
September 2024$1,681
October 2024$1,718
November 2024$1,710
December 2024$1,675
January 2025$1,672
February 2025$1,672
March 2025$1,672
April 2025$1,675
May 2025$1,647
June 2025$1,646
July 2025$1,614
August 2025$1,599
September 2025$1,634
October 2025$1,753
November 2025$1,598
December 2025$1,621
January 2026$1,650
February 2026$1,650
March 2026$1,650
April 2026$1,615
May 2026$1,589
June 2026$1,590
July 2026$1,590
August 2026$1,590

Affordability calculator

Can I afford to live at 240 Wellesley St E?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$58,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $58,000 annually to afford this studio monthly rent price of $1,450.
For more information on rent affordability, visit our rent calculator.
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Internet available near 240 Wellesley Street Residences

Getting around Toronto near 240 Wellesley St E

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 240 Wellesley St E, Toronto

Groceries

10/10
Several grocery stores nearby

Shopping

10/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Variety of cafés right on the street

Restaurants

9/10
Variety of restaurants within a few minutes' walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

10/10
Very large amount of park space within a few minutes' walk

Nightlife

7/10
Variety of bars within walking distance

Explore the area around 240 Wellesley St E

Yarls Super Store
607A Parliament St
Food Basics
238 Wellesley St E
Fairway Variety
520 Parliament St
FreshCo
559 Sherbourne St
Rabba Fine Foods
148 Wellesley St E

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