$545,000

For saleJust listed

#3101 761 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#3101 761 Bay Street, Toronto (Bay Street Corridor), Ontario, M5G2R2

1 bed1 bath1 parking650 ft²$597/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $545,000, it is attractively priced about 17% below the $659,888 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 60 days.

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Description

Nestled in the vibrant and highly coveted Bay Street Corridor of Toronto, this spacious 1 bedroom unit with a Functional Open Concept Layout W/615 Sf Living Space. Step outside onto your oversized 57 Sq Ft Open Balcony for some fresh air on the 31st Floor! Prime Location With A Walkscore of 95, Minutes From The Financial District, Eaton Centre, U of T, Ttc, Farm Boy Grocery, Banks & Much More. Great For Investors, Young Professionals And Students Looking To Be Close To The Core With Easy Accessibility To Transit, Shopping, Schools and Work. Amenities Include 24Hr Concierge, Fitness Room, Indoor Pool, Sauna, Outdoor Terrace, Party Room & More.Unit has been freshly painted. Some of the photos are virtually staged. (id:66096)

Property Details

MLS®: C14129252
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
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
Ownership: Condo/Strata
Property Tax: $3,619.61/yr
Listed: 6 days ago

Rooms

Main level

Living room: 3.23 x 5.66 meters
Dining room: 3.23 x 5.66 meters
Kitchen: 2.44 x 2.31 meters
Primary Bedroom: 3.05 x 3.66 meters

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

Features

Appliances: 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

$839

List price

$545K

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) has been listed for 6 days, which is 54 days fresher than the city average of 60. Act while there is still low competition.

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Listed by NU STREAM REALTY (TORONTO) INC. · PETER QUACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $545,000, about 8.1× the local median household income of $67,500.

Carrying it typically needs a household income of about $106,458 (20% down, 25-yr amortization, stress-tested) — roughly 58% 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)

$545,000· $839/ft²

For sale

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Full Cost Breakdown

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Down Payment5.41% · $29,500

Min 5.41%50%

Mortgage payment$2,858/mo

↳ CMHC premium ($20,620 capitalized)

Property tax (est.)$302/mo

Condo fee$597/mo

Total monthly$3,757

Cash Needed to Close

Down payment (5.41%)$29,500

Land transfer tax$14,750

Est. closing costs$4,135

Total cash needed$48,385

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