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    Toronto / Downtown / Bay Street Corridor

    2618 - 1001 Bay St

    For Sale1001 Bay
    $698,000
    Price Cut: $715,000
    1 Bed + 1
    1 Bath
    1 Parking
    762 SQFT
    43 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $697/mth
    Taxes:
    $2,968 (2024)
    Cost Per Sqft:
    $916/sqft
    Locker:
    Exclusive
    Outdoor Space:
    None
    Exposure:
    West
    Possession Date:
    January 3, 2025
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor
    17.06 x 12.47ft
    Dining
    Combined with Living, Hardwood Floor
    17.06 x 12.47ft
    Kitchen
    Open Concept, Tile Floor
    10.47 x 8.04ft

    About this Listing

    Welcome to the Best laid out 1 + 1 bedroom in highly sought after building overlooking historical St Basil's Church. Steps to University of Toronto and Queen's Park. Includes 1 parking and 1 locker. Gorgeous engineered hardwood floors, freshly painted in 2023. Good sized solarium for home office or second bedroom. New heat pump (2022), Extensive preventive plumbing updates (2024). Fabulous amenities include: gym, indoor pool, whirlpool, sauna, squash/racquet court, party and dining room, guest suites, and visitor parking. Walk to 3 subway lines, UofT, MTU, Queen's Park, Hospital Row, Yorkville. Tenant is leaving December 31/24. Maintenance fees include: Rogers Digital VIP TV and Rogers Ignite Internet.

    sage real estate limitedMLS® #C9390787

    Amenities

    Indoor Pool
    Party Room
    Visitor Parking
    Concierge
    Gym Room
    Squash Court

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    1001 Bay vs The Bay Street Corridor Area

    Building Trends At 1001 Bay

    Days on Strata

    Units at 1001 Bay spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    10.8
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    27th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    67
    Units were Rented over the past twelve months

    Best Value Rank

    1001 Bay offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    1001 Bay has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    1001 Bay yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    1001 Bay is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 1001 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$524,000 - $620,000$580,000 - $710,000$950,000 - $1,065,000$800,000 - $1,006,000No DataNo Data
    Avg. Cost Per SqftNo Data$914$893$848$780No DataNo Data
    Avg. Wait for Unit Availability414 Days133 Days30 Days128 Days141 Days564 DaysNo Data
    Ratio of Units in Building6%10%59%10%15%2%2%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor