Wellesley Parliament Square is a new pre-construction property by Greatwise Developments in Toronto. Get VIP access 30-60 days before the public launch—that means first pick of the best units and lowest prices.
Starting at $500,000s, Wellesley Parliament Square is a solid choice whether you're buying to live in or as an investment. You'll lock in today's developer pricing while the property value grows during the 3-5 year build period.
Coming to Toronto’s St. James Town neighbourhood is ! With quick access to the Sherbourne Subway Station, Union Station, the DVP & Gardiner Expressway, Yorkville Village, Post Secondary Schools, and some of the best dining and entertainment venues that Toronto has to offer, future residents will be more than pleased with this location!
Wellesley Parliament Square sits in Toronto at 240 Wellesley Street East, Toronto Nearest Intersection: Wellesley St E & Parliament St. Canada's largest city and financial capital. World-class transit, diverse neighbourhoods, and the strongest job market in the country—making pre-construction condos here a top choice for investors and urban professionals.
Toronto keeps growing—new transit, more jobs, better infrastructure. That's why pre-construction here makes sense. You're buying into a city on the upswing.
Wellesley Parliament Square is priced better than most resale homes in Toronto. You lock in today's developer price, and by the time it's built (usually 3-5 years), the market's usually gone up. That's free equity before you even move in.
Greatwise Developments has been building in the GTA for years. They know what they're doing, finish on time, and build quality homes that hold their value. That matters when you're investing this much money.
Get Developer HistoryDiscover why Toronto is an ideal location for pre-construction investment
Toronto is home to 2.9 million (largest city in Canada), and growing by 77,000+ residents annually. Canada's financial capital and largest employment hub Additionally, world-class transit system with ongoing expansions. Located in Toronto, Wellesley Parliament Square offers residents a perfect blend of urban convenience and suburban comfort.
Diverse neighborhoods each with unique character Strong rental market with high occupancy rates
Toronto is well-connected to the GTA through Line 1 (Yonge-University) and Line 2 (Bloor-Danforth) and Line 3 (Scarborough) and Line 4 (Sheppard) and Line 5 (Eglinton Crosstown - opening 2024) subway lines. GO Train stations including Union Station, Bloor GO, Exhibition GO, and more provide average 30-45 minutes to downtown core. Major highways including Highway 401, Gardiner Expressway, Don Valley Parkway, Highway 400 ensure easy access throughout the region.
Residents of Toronto enjoy access to excellent educational institutions including University of Toronto and Ryerson University, healthcare facilities like Toronto General Hospital, and major shopping destinations such as Eaton Centre and Yorkdale Mall. Popular parks include High Park and Trinity Bellwoods.
Average condo prices: $700,000-$1.2M. Annual appreciation: 5-8% Average rental yield: 3.5-4.5%. Strong rental demand from students and professionals Future developments include Ontario Line subway expansion and Waterfront revitalization, which will further enhance the area's appeal. Major employment centers include Financial District and Tech sector (MaRS, Waterfront Innovation), driving demand for housing.
Strongest job market in Canada with highest salaries Best transit connectivity in the GTA Highest property appreciation potential International appeal attracts global investors Limited land supply drives long-term value Investing in pre-construction in Toronto allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Well-connected to downtown Toronto and the GTA
Consistent property value appreciation
Modern amenities and community infrastructure
Most Greatwise Developments projects require a 15-20% total deposit paid in stages over 18-24 months. Contact us for the specific structure for this project.
Occupancy is tentatively scheduled for 2027/2028. Dates are subject to change and will be confirmed in the Agreement of Purchase and Sale.
Yes, most pre-construction projects by Greatwise Developments allow assignments, typically with a small fee or sometimes free as a VIP incentive. This allows you to sell your contract before closing.
Closing costs generally range from 3-5% of the purchase price, covering Land Transfer Tax, legal fees, and development levies. We negotiate capped levies to protect your bottom line.
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