$598,000

For saleJust listed

#1703 801 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#1703 801 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S1Y9

2 beds2 baths1 parking750 ft²$1,020/mo condo feeListed 7 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $598,000, it is attractively priced about 11% below the $672,000 median asking price in Toronto. It has been on the market 7 days, fresher than the Toronto average of 60 days.

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Description

Suite 1703 at The Royalton is a 1+den with two full bathrooms, and the den is what makes the layout work. It's a separate room with doors, roughly 7 x 9 feet, and it fits a bed or a proper desk. Set it up as a home office, a guest room or a space for a roommate, and close the doors when you're done for the day. The primary has its own ensuite, and the second bathroom sits off the main living space for guests. The living and dining room opens onto a south-facing balcony, and the kitchen has granite counters and a breakfast bar for quick meals. It's a boutique building in the heart of Toronto at Bay and College, about 137 suites, with 24-hour concierge, a gym, a party room and a rooftop terrace. Walk to Toronto General, U of T or Queen's Park, or get on the subway at College station three minutes away. (id:66096)

Property Details

MLS®: C14124066
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,020/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,401/yr
Listed: 7 days ago

Rooms

Flat

Living room: 4.57 x 5.44 meters
Dining room: 4.57 x 5.44 meters
Kitchen: 2.44 x 2.67 meters
Primary Bedroom: 3.1 x 3.2 meters
Den: 2.13 x 2.85 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, Stove, Dryer, Hood Fan, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$798

List price

$598K

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 7 days, which is 53 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RARE REAL ESTATE · JEFFREY CHENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $598,000, about 8.5× the local median household income of $70,000.

Carrying it typically needs a household income of about $116,810 (20% down, 25-yr amortization, stress-tested) — roughly 67% 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)

$598,000· $798/ft²

For sale

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Full Cost Breakdown

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Down Payment5.82% · $34,800

Min 5.82%50%

Mortgage payment$3,122/mo

↳ CMHC premium ($22,528 capitalized)

Property tax (est.)$283/mo

Condo fee$1,020/mo

Total monthly$4,426

Cash Needed to Close

Down payment (5.82%)$34,800

Land transfer tax$16,870

Est. closing costs$4,294

Total cash needed$55,964

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