$480,000
Toronto
#607 801 Bay Street, Toronto (Bay Street Corridor), Ontario, M5S1Y9
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $480,000, it is attractively priced about 30% below the $685,000 median asking price in Toronto.
Welcome to this beautiful northwest corner suite in the heart of downtown Toronto, offering a rare one-bedroom unit with over 600 square feet of living space-a highly sought-after feature in today's market. This bright and spacious condo is perfectly situated on Bay Street, just steps from everything the city has to offer. The open-concept living and dining area provides ample space for full-sized furniture, making it ideal for both everyday living and entertaining. The unit also features a large kitchen with full-sized appliances, thoughtfully tucked away from the main living area. The generously sized bedroom offers a large window and a double closet, while the oversized private balcony provides the perfect place to relax and unwind. Located in a well-managed building with strong property management with 24-hour concierge service and an impressive selection of amenities, including a fitness center, an outdoor terrace with a hot tub, and visitor parking. Residents enjoy unbeatable convenience with TTC transit at their doorstep, streetcar stops at the corner, and College Subway Station just a 3-minute walk away. Everyday essentials are within easy reach, including Farm Boy, grocery stores, banks, restaurants, a food court, and Ontario government services located directly across the street. Surrounded by many of Toronto's most prominent institutions, including the University of Toronto, Toronto Metropolitan University, and several major hospitals, this property is an ideal opportunity for professionals, students, or investors seeking strong rental demand in a prime downtown location. A Must See!!! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 60 days on market, against an average age of 59 days across the listings currently for sale in this city
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.
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?
Approximate location — exact address confirmed upon showing
This home lists at $480,000, about 6.9× the local median household income of $70,000.
Carrying it typically needs a household income of about $93,761 (20% down, 25-yr amortization, stress-tested) — roughly 34% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5S)
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