1055 Bay St 1008
Bay Street Corridor, Downtown Toronto, M5S 3A3
FOR SALE
$649,900
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Property Description
Welcome to Suite 1008 at 1055 Bay Street, an elegant and contemporary condo located in the heart of downtown Toronto. This spacious renovated unit offers an open-concept design with abundant natural light streaming through large bedroom windows, creating a bright and welcoming atmosphere. With approximately 721 sq.ft of living space, this two-bedroom suite features a modern layout that maximizes both functionality and style. The kitchen is fully equipped with stainless steel appliances, sleek granite countertops, and ample cabinet space, perfect for cooking and entertaining. Flowing seamlessly into the living and dining area, the space is ideal for hosting guests or enjoying a cozy night in! The primary bedroom is generously sized, featuring two large closets and plenty of room for a queen or king-sized bed. The second bedroom, a flexible space that can easily serve as a guest room, home office, or nursery, adds an extra layer of convenience. Both bedrooms have gorgeous protected unobstructed city views that overlooks Clover Hill Park. The 4PC bathroom is elegantly finished with tile throughout, a modern vanity with below storage, a spa-like shower/tub combo for relaxing after a long day plus a linen closet for extra storage. One owned parking spot & locker. Residents of 1055 Bay Street benefit from an array of premium amenities, including a 24-hour concierge, gym, party room, indoor hot tub, sauna, and a rooftop terrace with stunning city views. The building also offers visitor parking, ensuring guests feel welcome and comfortable. Located in the heart of Toronto's vibrant Bay Street Corridor, this condo is steps away from Yorkville, the University of Toronto, shopping, dining, and cultural city landmarks. Enjoy proximity to the TTC subway, Bloor Street, and the Financial District, making this a commuters dream! Perfect for young professionals, couples, or anyone seeking a luxurious urban lifestyle. *Seller will pay the cost of the upcoming special assessment*
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Nearby Intersections
Yonge & Bloor (331)
Bay & Wellesley (148)
Bloor & Avenue (260)
Yonge & Wellesley (175)
Bay & Bloor (346)
Property Features
Clear View, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,947 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.83' x 9.84' | Broadloom |
| Dining | Flat | 6.89' x 10.17' | Broadloom |
| Kitchen | Flat | 8.86' x 7.87' | Tile Floor |
| Prim Bdrm | Flat | 9.19' x 18.37' | Large Window, Double Closet, 4 Pc Bath |
| 2nd Br | Flat | 9.84' x 11.15' | Broadloom, Large Window, Double Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
1055 Bay St 1008 is a 2-bedroom 1-bathroom condo listed for sale at $649,900, which is $88,852 (12.0%) lower than the average sold price of $738,752 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $17,317 (2.3%) compared to the previous 30 day period (November 18 - December 17) and down $22,193 (2.9%) from the same time one year ago.Inventory Change
There were 743 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 9.7% compared with the previous 30 day period (November 18 - December 17) and up 40.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,527) (2.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $3,923 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,364) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 39.3%, down from 60.3% over the previous 30 days (November 18 - December 17) and down from 51.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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