$469,000

For saleJust listed

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#2507 1001 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#2507 1001 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S3A6

2 beds1 bath parking

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2 bd2 ba1 pk1,300 ft²+$1187/mo

Listed by CHESTNUT PARK REAL ESTATE LIMITED

#5001 7 Grenville Street, Toronto (Bay Street Corridor), Ontario, M4Y1W9

For saleJust listed

Today

$650K

#5001 7 Grenville Street, Toronto (Bay Street Corridor), Ontario, M4Y1W9

2 bd2 ba650 ft²+$542/mo

Listed by HOMELIFE GOLCONDA REALTY INC.

#902 62 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M5S2X3

For saleJust listed

Yesterday

$890K

#902 62 Wellesley Street West, Toronto (Bay Street Corridor), Ontario, M5S2X3

4 bd2 ba1 pk1,500 ft²+$1400/mo

Listed by RE/MAX CONDOS PLUS CORPORATION

#1708 65 St. Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

For saleJust listed

2 days ago

$658K

#1708 65 St. Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

2 bd1 ba550 ft²+$447/mo

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Investment analysis

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$469,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $469,000, it is attractively priced about 30% below the $672,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 59 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Bright high-floor 1+1 bed suite at 1001 Bay St in the heart of the Bay St Corridor! Functional open-concept layout with floor-to-ceiling windows and sweeping city views. Separate den is perfect for a home office. Ensuite laundry. Resort-style amenities incl indoor pool, gym, squash court, party room and rooftop terrace. Steps to Wellesley subway, U of T, TMU, Yorkville shops and restaurants. Great for end-users or investors! (id:66096)

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$722

List price

$469K

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.

Area context

Neighbourhood profile (M5S)

This home lists at $469,000, about 6.7× the local median household income of $70,000.

Carrying it typically needs a household income of about $91,612 (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)

$469,000· $722/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,450

Min 5%50%

Mortgage payment$2,470/mo

↳ CMHC premium ($17,822 capitalized)

Property tax (est.)$230/mo

Condo fee$583/mo

Total monthly$3,283

Cash Needed to Close

Down payment (5%)$23,450

Land transfer tax$11,710

Est. closing costs$3,907

Total cash needed$39,067

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#2507 1001 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (M5S)

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