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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 $629,000 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.
Welcome to The Opera Place at 908-887 Bay Street. This is a stunning, spacious, one-bedroom condo with 644 square feet of living area. This condo also includes a parking spot and a locker. Its extremely functional layout ensures no wasted space. The entryway features a large in-suite storage room, and a laundry closet directly across from it. A generously-sized coat closet accommodates daily needs and guests.The west-facing living space features tons of natural light and enough room for both a formal dining space and a home-office desk . The kitchen has ample cabinetry, a full-size stove, fridge, and brand new dishwasher (2022). There is also great counter space for your daily culinary needs. Recently upgraded porcelain tiles in the hallway, kitchen and washroom. The exceptionally large bedroom can fit a king-size bed and features a full size walk-in closet, both of which are rarities for a one-bedroom condo. A large bedroom window admits excellent natural light at all times of the day. Brand new laminate flooring (2024) in the bedroom. The condo also features a 4-piece bathroom. The Opera House's location is what makes it an excellent place to call home, or an amazing investment. You are nestled between College and Wellesley on Bay Street, close to the Financial District, all the hospitals on University Avenue and Women's College Hospital across the street. Close to U of T, TMU and MaRS. The condo is also walking distance from Yorkville, and mere steps from multiple transit stops, including the College and Wellesley TTC subway stations. The neighbourhood features excellent restaurants, cafes, bars, art galleries, and libraries.This buildings excellent amenities include a 24- hour concierge with security, 2nd-floor gym, party room, bike storage, and visitor parking. Come see this condo in person!
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Data-driven valuation for 887 Bay Street 908, Toronto C01, ON M5S 3K4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $629,000 in Toronto, the legal minimum down payment is $37,900 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 $9,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,055 also applies, bringing the total estimated land transfer taxes to $18,110.
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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.