$588,800

For sale

#2313 761 bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#2313 761 bay Street, Toronto (Bay Street Corridor), Ontario, M5G2R2

1 bed1 bath1 parking$597/mo condo feeListed 98 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $588,800, it is attractively priced about 14% below the $685,000 median asking price in Toronto.

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Description

Bright and spacious 1-bedroom condo at College Park 2, located in the highly sought-after Bay Street Corridor. This unit features an additional 70 sq. ft. balcony, 9 ft ceilings, and floor-to-ceiling windows providing abundant natural light. Perfectly situated steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), major hospitals, Eaton Centre, Financial District, Maple Leaf Gardens, Loblaws, Sobeys, Metro, and Winners. Enjoy direct access to the subway and convenient access to public transit, shopping, restaurants, and entertainment. The building offers exceptional amenities including 24-hour concierge service, indoor swimming pool, sauna, fully equipped gym, party room, game room, business centre, and guest suites. The unit includes one parking space and one locker, has been freshly painted and professionally cleaned, and is move-in ready. A fantastic opportunity to enjoy comfort, convenience, and an unbeatable downtown location. (id:66096)

Property Details

MLS®: C13622982
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $597/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,683.1/yr
Listed: 98 days ago

Rooms

Flat

Living room: 3.2 x 5.91 meters
Dining room: 3.2 x 5.91 meters
Bedroom: 3.05 x 3.61 meters
Kitchen: 2.7 x 2.51 meters
Kitchen: 3.8 x 2.44 meters

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

Features

Appliances: Oven - Built-In, Garage door opener remote(s)
Flooring: Hardwood, Marble
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

98d

Toronto (Bay Street Corridor) listings, avg age

60d

List price

$589K

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 (Bay Street Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by AIMHOME REALTY INC. · LIFEI QU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $588,800, about 8.7× the local median household income of $67,500.

Carrying it typically needs a household income of about $115,013 (20% down, 25-yr amortization, stress-tested) — roughly 70% above the area median.

Median household income: $67,500
Population: 9,751
Median age: 30.8
Owner / renter: 30% / 70%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5G)

$588,800

For sale

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Full Cost Breakdown

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Down Payment5.75% · $33,880

Min 5.75%50%

Mortgage payment$3,077/mo

↳ CMHC premium ($22,197 capitalized)

Property tax (est.)$307/mo

Condo fee$597/mo

Total monthly$3,980

Cash Needed to Close

Down payment (5.75%)$33,880

Land transfer tax$16,502

Est. closing costs$4,266

Total cash needed$54,648

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