$2,698,888

For sale

#1703 1315 Bay Street, Toronto (Annex) - Single Family for Sale

#1703 1315 Bay Street, Toronto (Annex), Ontario, M5R2C4

2 beds2 baths1 parking1,300 ft²$1,463/mo condo feeListed 12 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 12 days, fresher than the Toronto average of 58 days.

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Description

Welcome to Suite 1703, an exceptional 1,306 sq. ft. luxury residence in the heart of Yorkville, one of Toronto's most prestigious and sought-after neighbourhoods. This expansive suite offers a rare opportunity to own a spacious, thoughtfully designed home in an exclusive boutique-style tower with soaring 10-foot smooth ceilings, premium finishes, and stunning west-facing views. Managed by The Forest Hill Group, this distinguished 41-storey residence is designed for those seeking an elevated lifestyle with world-class service and amenities. Residents will enjoy 24-hour valet service, state-of-the-art fitness facilities, an indoor/outdoor pool, sauna and steam rooms, elegant resident lounges, private dining and entertaining spaces, executive boardrooms, a pet spa, car wash facility, wine storage club, porter services, and an on-site restaurant. Perfectly positioned in Yorkville, 50 Scollard places you steps from Toronto's finest luxury boutiques, renowned restaurants, cafés, art galleries, and cultural attractions, while offering convenient access to transit and the downtown core. An outstanding opportunity to secure a substantial luxury residence in one of Toronto's most exclusive new developments. (id:66096)

Property Details

MLS®: C14110962
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $1,463/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Listed: 12 days ago

Rooms

Flat

Kitchen: 5.88 x 2.5 meters
Living room: 5.67 x 5.21 meters
Dining room: 5.67 x 5.21 meters
Primary Bedroom: 5.76 x 3.02 meters
Bedroom 2: 2.81 x 2.99 meters

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

Features

Flooring: Hardwood
Exterior: Brick
Lot Features: Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Toronto (Annex) listings, avg age

58d

Price / ft²

$2,077

List price

$2.70M

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 (Annex) has been listed for 12 days, which is 46 days fresher than the city average of 58. Act while there is still low competition.

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Listed by INSIDER CONDOS INC. · JUXHIN MEZINI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $2,698,888, about 31.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $527,187 (20% down, 25-yr amortization, stress-tested) — roughly 513% 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)

$2,698,888· $2,077/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $539,777.60

Min 20%50%

Mortgage payment$11,510/mo

Est. property tax$0/mo

Condo fee$1,463/mo

Total monthly$12,973

Cash Needed to Close

Down payment (20%)$539,778

Land transfer tax$107,894

Est. closing costs$10,597

Total cash needed$658,269

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