1055 Bay St 205

FOR SALE
$699,000
1055 Bay St 205, Downtown Toronto
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
1055 Bay St 205
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
4 + 1
ROOMS
C11921005
MLSID
Contact Us
Property Description
Attention Investors, This unit currently rents for $4,675 monthly plus $100 for the parking space. Major recent upgrades include beautiful brand new windows(2024) and blinds(2024), new washer/dryer(2024), 2 new fan coil units(2021). This is a spacious (over 1100 square feet) bright and sunny apartment in the prestigious Polo Club by Tridel. Two bedrooms plus den, one parking space and one locker. Terrific location close to U of T, hospitals, Bloor St shops, financial district, short walk to the subway and more. Rents well to students, den can be used as a 3rd bedroom, parking, locker, terrific amenities, 24 hour concierge, visitor parking, rooftop deck with BBQ's, gym, and more. This unit is currently tenanted, lease expires on August 31 2025. Note: Photos taken prior to tenants and prior to installation of new windows and blinds.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-08 2025-01-14 159 $775,000 - Terminated
2024-08-08 2024-12-28 143 $775,000 - Suspended
2023-08-11 2023-08-21 10 $649,999 - Terminated
2023-07-17 2023-08-10 24 $824,000 - Terminated
2023-04-06 2023-05-16 41 $845,000 - Suspended
2020-08-07 2020-09-11 35 $699,900 $699,000 Sold
Extras
Terrific amenities, 24 hour conceirge, visitor parking, the best location in the very heart of the city, ideal for students or working professionals
Nearby Intersections
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$3,863 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (C)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingFlat15.32' x 11.58'Large Window, Hardwood Floor, South View
KitchenFlat7.78' x 14.11'Stainless Steel Appl, Stone Counter, B/I Dishwasher
Prim BdrmFlat16.60' x 14.70'4 Pc Ensuite, Hardwood Floor, B/I Closet
2nd BrFlat14.60' x 9.25', Hardwood Floor
DenFlat8.79' x 13.52'Separate Rm, Hardwood Floor, French Doors
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
1055 Bay St 205 is a 2-bedroom 2-bathroom condo listed for sale at $699,000, which is $39,752 (5.4%) 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 2-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 Royal Lepage Estate Realty
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