Toronto / Downtown / Bay Street Corridor

711 - 887 Bay St

For RentOpera Place I Condos

2 Days on Strata

Est Lease Timeframe:

18 Days

$2,700/mth

1 Bed + 1

1 Bath

1 Parking

745 SQFT

Listing History

2025 - Mar 19

for rent

$2,700

Aug 18, 2022 • 3 days on Strata

leased

$2,800

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Unit Highlights

Ownership Type:

Condo

Possession Date:

March 19, 2025

Lease Term:

1 Year

Property Type:

Condo

Utilities Included:

Yes

Outdoor Space:

Balcony

Furnished:

Exposure:

West

Locker:

Owned

Laundry:

Main

Renter's Market

Balanced

Landlord's Market

Utilities Included

Rent Includes

Hydro

Heat

Air Conditioning

Water

Parking

Excluded

None

Utility Type

Air Conditioning: Central Air
Heat Source: No Data
Heating: Forced Air

Room Dimensions

Bedroom

Hardwood Floor

9.81 x 12.96ft

Den

8.86 x 11.48ft

Kitchen

6.56 x 9.84ft

About this Listing

Welcome to this stunning 1-bedroom + den, 1-bathroom suite in the heart of downtown Toronto. Featuring a clear west exposure, this bright and airy unit offers incredible natural light. The efficient layout ensures no wasted space, maximizing both comfort and functionality. Recently professionally painted and fully renovated, this unit feels brand new with new appliances and stylish finishes throughout. Located in one of Toronto's most desirable neighborhoods, you're steps from: Toronto General Hospital, SickKids, and other major healthcare hubs University of Toronto and Toronto Metropolitan University Yorkville's luxury shopping district Queens Park for a relaxing stroll Wellesley Station and College Station for effortless commuting. This unit also includes a parking spot close to the elevator and a locker for extra storage.

ExtrasBrand new appliances, Lights, Custom roller shades, all utilities, Parking and locker.

the condo store realty inc.MLS® #C12028931

Building Spotlight

Opera Place I Condos

887 Bay Street

Amenities

Media Room

Visitor Parking

Indoor Parking

Gym Room

Guest Suites

Concierge

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Explore Neighbourhood

9/10

Walkability

Congratulations, you're the mayor of Walksville! Everything's at your doorstep.

10/10

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!

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

Average Household Income

$103,909

Dominant Housing Type

High Rise Apartment

Population By Age

0 - 14

15%

15 - 19

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+

$125,000+

Housing Types & Tenancy

High Rise Apartment

45%

Semi Detached

23%

Detached

21%

Low Rise Apartment

Duplex

Marital Status

49%Married

33%Never Married

5%Divorced

5%Common Law

4%Widowed

2%Separated

Commute

63%Car

31%Public Transit

2%Walk

2%Other

Languages (Primary Language)

Other

74%

Mandarin

13%

Cantonese

Tagalog

Telugu

Arabic

Hindi

Spanish

Education

University and Above

46%

High School

20%

College

15%

None

12%

Apprenticeship

University Below Batchelor

Major Field of Study

Business Management

25%

Architecture & Engineering

20%

Health & Related Fields

11%

Social Sciences

11%

Math & Computer Sciences

10%

Humanities

Physical Sciences

Education

Visual & Performing Arts

Personal, Protective & Transportation Services

Price Trends

Maintenance Fees

Opera Place I Condos vs The Bay Street Corridor Area

Building Trends At Opera Place I Condos

Days on Strata

Units at Opera Place I Condos spend an average of

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

below

the list price.

Offer Competition

Condos in this building have a

LOW

chance of receiving

Multiple Offers

compared to other buildings in Bay Street Corridor

Turnover of Units

On average, each unit is owned for

7.2

YEARS before being sold again

Property Value

-10%

Decrease in property value within the past twelve months

Price Ranking

26th

Highest price per SQFT out of 45 condos in the Bay Street Corridor area

Sold Units

Units were Sold over the past twelve months

Rented Units

Units were Rented over the past twelve months

Best Value Rank

Opera Place I Condos offers the

best value out of 45 condos in the Bay Street Corridor neighbourhood

Appreciation Rank

Opera Place I Condos has the

highest ROI out of 45 condos in the Bay Street Corridor neighbourhood

Rental Yield

Opera Place I Condos yields the

highest rent prices out of 45 condos in the Bay Street Corridor neighbourhood

High Demand

Opera Place I Condos is the

most popular building out of 45 condos in the Bay Street Corridor neighbourhood

Transaction Insights at 887 Bay Street

	1 Bed	1 Bed + Den	2 Bed	2 Bed + Den
Price Range	$605,000 - $610,200	$630,000	$685,000 - $918,000	No Data
Avg. Cost Per Sqft	$910	$841	$876	No Data
Price Range	$2,350 - $2,650	$1,000 - $2,900	$3,300 - $3,600	$3,500
Avg. Wait for Unit Availability	186 Days	223 Days	223 Days	532 Days
Avg. Wait for Unit Availability	26 Days	96 Days	63 Days	547 Days
Ratio of Units in Building	50%	19%	26%	7%

Transactions vs Inventory

Total number of units listed and leased in Bay Street Corridor