$2,820,000

For sale

1082 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

1082 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S0A3

2 beds3 baths2 parking2,625 ft²$1,305/mo condo feeListed 9 days ago

Overview

This 2-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 2,625 sq ft of space. It has been on the market 9 days, fresher than the Toronto average of 59 days.

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Description

An unparalleled opportunity to reside in Toronto's most coveted cultural, retail, and academic enclave. Perfectly situated in the heart of the Bay Street Corridor, this grand 3-storey executive townhome collection sits directly adjacent to the lush, historic grounds of the University of Toronto campus, offering a prestigious and tranquil setting. Step out your front door into a world of ultimate convenience, located just steps from the world-renowned Bloor Street luxury shopping strip, home to elite global brands, as well as the vibrant fine dining and boutique allure of Yorkville. Commuting is effortless with subway transit station located just a short stroll away.Spanning an impressive 2,682 sq. ft. of impeccably tailored interior space, this residence is designed for sophisticated urban living. A private in-suite elevator smoothly services all levels, providing secure, direct-to-suite access from your private underground P1 level 2-car garage and storage area. The architectural layout features flowing principal rooms with soaring floor-to-ceiling windows, smooth finished ceilings, and a custom designer kitchen equipped with premium integrated appliances and a matching island. Designed as an exceptional private retreat, the 390 sq. ft. rooftop terrace is a premier outdoor entertainment space, with remote controled retractable awning for shade, and a built-in gas line rough-in perfect for summer BBQs. (id:66096)

Property Details

MLS®: C14116804
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,625 ft²
Storeys: 3
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,305/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Office: 6.63 x 2.92 meters

Second level

Living room: 3.71 x 3.43 meters
Dining room: 3.18 x 2.92 meters
Eating area: 3.18 x 2.46 meters
Kitchen: 3.71 x 2.51 meters

Third level

Primary Bedroom: 4.04 x 3.43 meters
Bedroom 2: 3.91 x 3.18 meters

Basement

Storage: 3.91 x 2.66 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Microwave, Cooktop, Hood Fan, Window Coverings, Garage door opener remote(s)
Flooring: Hardwood, Ceramic
Exterior: Concrete, Stone
Lot Features: Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,074

List price

$2.82M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Bay Street Corridor) has been listed for 9 days, which is 50 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · RICHARD JEN TU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $2,820,000, about 40.3× the local median household income of $70,000.

Carrying it typically needs a household income of about $550,845 (20% down, 25-yr amortization, stress-tested) — roughly 687% above the area median.

Median household income: $70,000
Population: 17,074
Median age: 33.2
Owner / renter: 36% / 64%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5S)

$2,820,000· $1,074/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $564,000

Min 20%50%

Mortgage payment$12,027/mo

Property tax (est.)$1,590/mo

Condo fee$1,305/mo

Total monthly$14,922

Cash Needed to Close

Down payment (20%)$564,000

Land transfer tax$113,950

Est. closing costs$10,960

Total cash needed$688,910

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