887 Bay Street, Unit 8, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Bay Street Corridor. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $559,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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 to create a bright, spacious, loft-inspired open-concept layout, maximizing natural light and flexibility while offering potential for future reconfiguration, subject to buyer preferences and any applicable condominium requirements. (Note: The partition wall was removed by a previous owner prior to the Seller's 2016 purchase.) 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 and green space, providing exceptional privacy, treetop views, and abundant afternoon sunshine. Extensively renovated throughout, the suite features fresh paint, new interior doors, upgraded lighting, brand-new blinds, and distinctive French Country-inspired artisan tile flooring. The spa-inspired bathroom features 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, while the original bedroom area includes a spacious walk-in closet. A separate den provides flexible space for a home office, study, dressing area, or additional storage. Parking and locker are included-a rare combination in downtown Toronto. Maintenance fees include heat, hydro, water, and air conditioning for lower monthly expenses. Ideally located steps to the University of Toronto, TMU, Queen's Park, subway stations, Eaton Centre, restaurants, shopping, and entertainment, this turnkey home combines generous living space, abundant natural light, exceptional storage, and an unbeatable location-an outstanding opportunity for professionals, first-time buyers, young couples, students, or investors.
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Property Summary
This condo apartment located at 887 Bay Street, Toronto is currently for sale and has been available on SousaSells for 25 days. This property is listed at $559,000 with an estimated mortgage of $1,861* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 887 Bay Street, Toronto is in the Bay Street Corridor neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Bay Street Corridor, Toronto.
- •1 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •600-699 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Park
- Public Transit
Interior Features
- Carpet Free
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 887 Bay Street, Unit 8, Toronto, ON
Q.What is the asking price for 887 Bay Street, Unit 8, Toronto, ON ?
The current listing price for 887 Bay Street, Unit 8, Toronto, ON in Bay Street Corridor, Toronto is $559,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 1 bedroom and 1 bathroom across approximately 600-699 sqft.
Q.What property type and architectural style is 887 Bay Street, Unit 8, Toronto, ON ?
887 Bay Street, Unit 8, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What key property features does 887 Bay Street, Unit 8, Toronto, ON offer?
Key property features include: Hospital, Park, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 887 Bay Street #708, Toronto, ON M5S 3K4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $559,000 in Toronto, the legal minimum down payment is $30,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,655 also applies, bringing the total estimated land transfer taxes to $15,310.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.