$468,000

For sale

#1708 1121 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#1708 1121 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S3L9

2 beds1 bath0 parking650 ft²$923/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $468,000, it is attractively priced about 32% below the $685,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 60 days.

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Description

High above Bay & Bloor, this south-east corner 640 sq ft residence sits right at the heart of the transit network, making it a prime location for downtown living. Freshly updated with new wide-plank vinyl flooring, professional new paint throughout, vintage bulb chandelier that delivers a warm, nostalgic glow, new LED pot lights and large slim LED ceiling lights with customizable color temperatures to light up this home. The 2-bedroom maximizes a compact footprint and use of space in this polished home ready for cozy gatherings in a big city. The kitchen is finished with granite countertops, a mirrored backsplash & a double-sink with pull-out faucet. Paired with it is a kitchen island with an elegant range hood above and a beautiful glass-cooktop. The unit also features a set of in-suite washer and dryer. Its 9-foot ceiling, large windows and open balcony frame rich city views and flood each room with natural light. Which also highlights the vibrant city life below, including the Royal Ontario Museum, short walk to the University of Toronto, Yorkville shopping and food scene are perfect for professionals, students and families building lives in Toronto. Building amenities (gym, sauna, rooftop garden, library, media & party rooms) suit every lifestyle & include a 24hr concierge service .This residence is well maintained by a professional property management team, keeping it in a pristine condition. Utilities are covered by the maintenance fees, so you can live worry-free. A storage locker is included for added convenience. (id:66096)

Property Details

MLS®: C14098542
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $923/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,370.77/yr
Listed: 17 days ago

Rooms

Flat

Living room: 4.58 x 4.5 meters
Dining room: 4.58 x 4.5 meters
Kitchen: 2.6 x 2.28 meters
Primary Bedroom: 3.05 x 2.89 meters
Bedroom 2: 2.59 x 2.59 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, Cooktop, Oven - Built-In, Hood Fan, Window Coverings
Flooring: Vinyl
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$721

List price

$468K

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 17 days, which is 43 days fresher than the city average of 60. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · JASON LIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $468,000, about 6.7× the local median household income of $70,000.

Carrying it typically needs a household income of about $91,417 (20% down, 25-yr amortization, stress-tested) — roughly 31% 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)

$468,000· $721/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,400

Min 5%50%

Mortgage payment$2,465/mo

↳ CMHC premium ($17,784 capitalized)

Property tax (est.)$281/mo

Condo fee$923/mo

Total monthly$3,669

Cash Needed to Close

Down payment (5%)$23,400

Land transfer tax$11,670

Est. closing costs$3,904

Total cash needed$38,974

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