$729,900

For sale

#702 717 Bay Street, Toronto (Bay Street Corridor) - Single Family for Sale

#702 717 Bay Street, Toronto (Bay Street Corridor), Ontario, M5G2J9

3 beds2 baths1 parking1,100 ft²$1,234/mo condo feeListed 30 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 59 days.

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Description

Welcome to Suite 702 at 717 Bay Street- a fully updated 2-bedroom + den offering almost 1,100 sqft. in the heart of downtown. Bright, modern and move-in ready, this well-designed suite features generous bedrooms, large closets (including a walk-in) renovated kitchen and bathrooms and a versatile den perfect for a home office or study. There's also a large ensuite laundry room and linen closet - excellent storage throughout this unit and parking and a locker add to the convenience. Maintenance fees include all utilities, cable TV and internet offering tremendous value. And, the hallway corridor renovation is underway! The Liberties features a great selection of amenities including 24-hour concierge, indoor pool and whirlpool, gym, indoor jogging track, sauna and landscaped gardens. All this and an unbeatable location steps to College Park, Yonge Street, TTC, hospitals, U of T, TMU and the Financial District. Suite 702 is a great fit for investors, families and professionals looking for great value with exceptional access to everything downtown has to offer. Some photos have been virtually staged. (id:66096)

Property Details

MLS®: C13870304
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,234/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,801/yr
Listed: 30 days ago

Rooms

Main level

Living room: 7.49 x 3.35 meters
Dining room: 7.49 x 3.35 meters
Kitchen: 2.26 x 3.05 meters
Bedroom: 4.57 x 3.96 meters
Bedroom 2: 3.66 x 2.74 meters
Solarium: 4.62 x 1.88 meters

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

Features

Appliances: Washer, Dryer, Window Coverings
Flooring: Hardwood
Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$664

List price

$730K

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 30 days, which is 29 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RE/MAX CONDOS PLUS CORPORATION · JESSICA DODDS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $729,900, about 10.8× the local median household income of $67,500.

Carrying it typically needs a household income of about $142,575 (20% down, 25-yr amortization, stress-tested) — roughly 111% 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)

$729,900· $664/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,990

Min 6.57%50%

Mortgage payment$3,781/mo

↳ CMHC premium ($27,276 capitalized)

Property tax (est.)$317/mo

Condo fee$1,234/mo

Total monthly$5,331

Cash Needed to Close

Down payment (6.57%)$47,990

Land transfer tax$22,146

Est. closing costs$4,690

Total cash needed$74,826

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