$518,000

For sale

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#511 1001 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#511 1001 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S3A6

2 beds1 bath0 parking ft²

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2 bd3 ba1 pk1,500 ft²+$1755/mo

Listed by REAL BROKER ONTARIO LTD.

#4402 65 St Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

For saleJust listed

Yesterday

$2.00M

#4402 65 St Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

3 bd2 ba1 pk1,500 ft²+$1189/mo

Listed by MASTER'S CHOICE REALTY INC.

#2105 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A1

For saleJust listed

2 days ago

$350K

#2105 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A1

1 ba250 ft²+$674/mo

Listed by ROYAL LEPAGE TERREQUITY PLATINUM REALTY

#3204 35 Balmuto Street, Toronto (Bay Street Corridor), Ontario, M4Y0A3

For saleJust listed

2 days ago

$1.30M

#3204 35 Balmuto Street, Toronto (Bay Street Corridor), Ontario, M4Y0A3

2 bd2 ba1 pk1,300 ft²+$1187/mo

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Investment analysis

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$518,000

Toronto

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$645/mo condo fee

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $518,000, it is attractively priced about 24% below the $685,000 median asking price in Toronto.

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

Description

Spacious and light-filled 1-bedroom plus den suite offering unobstructed, sweeping views. The versatile den features a large window, making it ideal for a dedicated home office, guest space, or secondary living area. Complete with convenient in-suite laundry featuring 2025 washer and dryer.Unbeatable location in the heart of downtown Toronto-just steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), Queen's Park, major hospitals, TTC subway and bus lines, as well as a vibrant selection of grocery stores, restaurants, cafes, and shopping. An incredible opportunity for professionals, students, or investors alike. (id:66096)

Property Details

MLS®: C13720902
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $645/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,938.8/yr
Listed: 70 days ago

Rooms

Flat

Living room: 6.19 x 3.88 meters
Dining room: 6.19 x 3.88 meters
Primary Bedroom: 4.57 x 3.2 meters
Den: 3.5 x 3.2 meters
Laundry room

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

Features

Appliances: Washer, Dishwasher, Stove, Range, Dryer, Blinds
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

70d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$691

List price

$518K

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) 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 HOMELIFE LANDMARK REALTY INC. · SHELDON FU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5S)

This home lists at $518,000, about 7.4× the local median household income of $70,000.

Carrying it typically needs a household income of about $101,184 (20% down, 25-yr amortization, stress-tested) — roughly 45% 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)

$518,000· $691/ft²

For sale

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Full Cost Breakdown

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Down Payment5.17% · $26,800.00

Min 5.17%50%

Mortgage payment$2,723/mo

↳ CMHC premium ($19,648 capitalized)

Property tax (est.)$245/mo

Condo fee$645/mo

Total monthly$3,613

Cash Needed to Close

Down payment (5.17%)$26,800

Land transfer tax$13,670

Est. closing costs$4,054

Total cash needed$44,524

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