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New1 hour ago

#708 - 887 Bay Street

Bay Street Corridor, Toronto

$529,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Welcome to this beautifully updated 1-bedroom + den suite in the heart of downtown Toronto. Originally designed as a one-bedroom residence, the interior partition wall was removed by a previous owner before the Seller's 2016 purchase, creating a bright, spacious, loft-inspired open-concept layout. Offering 644 sq. ft. of functional living space, the suite features an exceptionally wide 21-ft living and dining area with rare unobstructed west-facing views overlooking Bay Street. Enjoy exceptional privacy, treetop views, and abundant afternoon sunshine. Extensively renovated throughout, the suite features fresh paint, upgraded lighting, and brand-new blinds. The spa-inspired bathroom is fully renovated with a frameless glass shower, American Standard toilet, Moen matte-black fixtures, quartz vanity, smart anti-fog LED mirror, and contemporary finishes. The modern kitchen offers quartz countertops and sleek wall-mounted cabinetry. The bedroom area includes a spacious walk-in closet, while the separate den provides flexible space for a home office, study, dressing area, or storage. Some photos have been virtually staged with furniture for illustrative purposes. Parking and locker are included-a rare combination in today's downtown market. Maintenance fees include heat, hydro, water, and air conditioning. Ideally located steps from the University of Toronto, TMU, Queen's Park, major hospitals, Dundas and College subway stations, Eaton Centre, restaurants, shopping, and entertainment. This turnkey home offers generous living space, premium renovations, abundant natural light, exceptional storage, and an unbeatable location-an excellent opportunity for professionals, first-time buyers, students, or investors.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$762
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,200
mls© NumberC13728832
Listed ByHOMELIFE NEW WORLD REALTY INC.
CAC Included
Common Elements Included
Heat Included
Hydro Included
Building Insurance Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,708
Property tax
$267
Heat allowance
$150
Condo fees, half counted
$381
Housing costs
$3,506 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $105,800
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,226 / mo
Cash down
$105,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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