$925,000

For sale

#4903 832 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#4903 832 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S1Z6

3 beds2 baths1 parking950 ft²$783/mo condo feeListed 52 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. It has been on the market 52 days, fresher than the Toronto average of 60 days.

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Description

Penthouse corner bird's-eye U of T / Queen's Park views 916 sqft. Luxury penthouse living at The Burano in the heart of downtown Toronto! This exceptional Northwest corner suite offers approximately 916 sq. ft. of bright, spacious living with breathtaking bird's-eye panoramic views overlooking U of T, Queen's Park, the city skyline and lake. Featuring 2 bedrooms + den, with the spacious den easily adaptable as a 3rd bedroom. Soaring 10-ft ceilings, floor-to-ceiling windows and beautiful new vinyl flooring create an elegant and sun-filled living space.Enjoy exceptional building amenities on the 3rd floor and an unbeatable downtown location just steps to U of T, TMU, TTC College Station, farmboy, College Park and underground shopping. A rare opportunity to own a prestigious corner penthouse with spectacular views (id:66096)

Property Details

MLS®: C13778208
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $783/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,874/yr
Listed: 52 days ago

Rooms

Flat

Bedroom: 3.08 x 2.74 meters
Bedroom 2: 2.93 x 2.59 meters
Den: 2.86 x 2.5 meters
Dining room: 5.27 x 4.87 meters
Living room: 5.27 x 4.87 meters
Kitchen: 5.27 x 4.87 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, Oven - Built-In
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$974

List price

$925K

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 3-bed single family in Toronto (Bay Street Corridor) has been listed for 52 days, which is 8 days fresher than the city average of 60. Act while there is still low competition.

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Listed by PROMPTON REAL ESTATE SERVICES CORP. · MATTHEW YAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $925,000, about 13.2× the local median household income of $70,000.

Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 158% 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)

$925,000· $974/ft²

For sale

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Full Cost Breakdown

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Down Payment7.30% · $67,500

Min 7.30%50%

Mortgage payment$4,754/mo

↳ CMHC premium ($34,300 capitalized)

Property tax (est.)$490/mo

Condo fee$783/mo

Total monthly$6,027

Cash Needed to Close

Down payment (7.30%)$67,500

Land transfer tax$29,950

Est. closing costs$5,275

Total cash needed$102,725

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