1001 Bay St 519
Bay Street Corridor, Downtown Toronto, M5S 3A6
FOR SALE
$639,000
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Property Description
Welcome to this stunning 1 BR plus Den 673SF condo, located in one of the most sought-after buildings on Bay Street, directly across from the University of Toronto and a short walk from the upscale shopping and dining district of Yorkville. Step into a bright, spacious unit featuring floor-to-ceiling windows that offer breathtaking west-facing views, allowing for an abundance of natural light throughout the day and beautiful sunset vistas in the evening. The sleek white kitchen features elegant quartz countertops and the open layout allows for easy meal prep while still being part of the action. Pot lights illuminate the space, creating a warm and inviting atmosphere overlooking the large Living/Dining room. The Solarium offers a versatile multi-functional space and can be adapted to a second Bedroom, Home office, or separate Dining room. The Primary Bedroom is a serene retreat, providing ample closet space and privacy with large floor-to-ceiling windows. Whether you're staying active or seeking relaxation, the building's indoor amenities include an indoor pool, a state-of-the-art gym, Guest Suites, and much more. Convenient rear entrance to building with pleasant landscaping. This is an unbeatable location as it is a couple of blocks from cultural attractions like the ROM, Hospital Row, TMU, UofT, and the historic St. Basil's Church. Ideal location for students, professionals, and investors. This building has access to 3 subway lines providing fast connectivity to the Financial district or wherever you wish to go. Included is 24-hour Security with a Friendly and Helpful Concierge desk and a grand "hotel like" lobby. Don't miss this opportunity to call this lovely unit your own!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-06-01 | 2023-06-08 | 7 | $2,600 | $2,625 | Leased |
| 2023-04-17 | 2023-04-17 | 0 | $2,650 | - | Terminated |
Extras
All ELFs, New (White) Fridge, Dishwasher, New Stove, Stacked Washer-Dryer, Existing Window Blinds, Mirrored closets.
Nearby Intersections
Yonge & Bloor (421)
Bay & Wellesley (178)
Bloor & Avenue (333)
Yonge & Wellesley (198)
Bay & Bloor (437)
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,647 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.25' x 17.03' | Combined W/Dining, Laminate, West View |
| Dining | Main | 11.25' x 17.03' | Combined W/Living, Laminate, Open Concept |
| Prim Bdrm | Main | 9.94' x 13.42' | Large Window, His/Hers Closets, 4 Pc Ensuite |
| Kitchen | Main | 8.17' x 13.88' | Breakfast Bar, Quartz Counter, Pot Lights |
| Solarium | Main | 8.60' x 11.38' | West View, Sliding Doors, Laminate |
| Foyer | Main | 5.15' x 12.34' | Mirrored Closet, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
1001 Bay St 519 is a 1-bedroom 1-bathroom condo listed for sale at $639,000, which is $69,764 (12.3%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 1-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-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 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Forest Hill Real Estate Inc.
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