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! This unit is perfect for young professionals, couples, or anyone seeking a luxurious urban lifestyle with all the conveniences of downtown living.
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Nearby Intersections
Yonge & Bloor (423)
Bay & Wellesley (179)
Bloor & Avenue (333)
Yonge & Wellesley (200)
Bay & Bloor (439)
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 $116,174 (15.2%) lower than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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