$1,388,000

For saleJust listed

#1701 1315 Bay Street, Toronto (Annex) - Single Family for Sale

#1701 1315 Bay Street, Toronto (Annex), Ontario, M5R0E4

1 bed1 bath1 parking750 ft²$923/mo condo feeListed 2 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 2 days, fresher than the Toronto average of 58 days.

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Description

Welcome to 50 Scollard, a new luxury residence in the heart of Yorkville. This striking tower, designed by Foster + Partners, the firm of Pritzker Prize-winning architect Norman Foster, features interiors by Studio Munge. This east-facing 779 sq. ft. one-bedroom residence offers a spacious layout, smooth ceilings with pot lights, wide-plank engineered hardwood flooring and expansive floor-to-ceiling windows in the living and dining areas, office nook and bedroom. Enjoy abundant natural light and open views across the city skyline and Rosedale Valley. Double-layer window coverings with sheer drapery in the living room and bedroom complement the expansive windows. The kitchen features custom cabinetry, quartzite countertops, stone backsplash, under-cabinet lighting, a central island and a gas cooktop, complemented by high-quality integrated appliances. The bedroom offers an integrated double-door wardrobe, while the elegant bathroom features heated floors, a backlit round mirror and a walk-in shower with a low-profile curb. Residents will enjoy an exceptional selection of amenities, including 24-hour concierge and valet services, a porte-cochère, indoor and outdoor pools, a fitness centre, yoga studio, sauna, private dining room, wine room and pet spa. Ideally located steps from Holt Renfrew, the Four Seasons Hotel, luxury boutiques and Yorkville's renowned dining, this residence offers refined urban living in one of Toronto's most prestigious neighbourhoods. (id:66096)

Property Details

MLS®: C14142202
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $923/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $13,809/yr
Listed: 2 days ago

Rooms

Flat

Living room: 6.1 x 6.1 meters
Kitchen: 6.1 x 6.1 meters
Bedroom: 3.91 x 2.54 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, Range, Oven, Dryer, Microwave, Cooktop, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,852

List price

$1.39M

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 1-bed single family in Toronto (Annex) has been listed for 2 days, which is 56 days fresher than the city average of 58. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · MICHELLE ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $1,388,000, about 16.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $271,125 (20% down, 25-yr amortization, stress-tested) — roughly 215% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$1,388,000· $1,852/ft²

For sale

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Full Cost Breakdown

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Down Payment8.20% · $113,800

Min 8.20%50%

Mortgage payment$7,064/mo

↳ CMHC premium ($50,968 capitalized)

Property tax (est.)$1,151/mo

Condo fee$923/mo

Total monthly$9,138

Cash Needed to Close

Down payment (8.20%)$113,800

Land transfer tax$48,470

Est. closing costs$6,664

Total cash needed$168,934

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