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New2 hours ago

607 - 889 Bay Street

Bay Street Corridor, Toronto

$536,000

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

Experience comfortable urban living in the heart of Toronto's prestigious Bay Street Corridor. This bright and spacious 1 Bedroom + Den suite offers a generous interior layout thoughtfully designed for real everyday living, featuring an open-concept living and dining area with an airy and welcoming flow. The oversized den can comfortably function as a second bedroom, guest space, or private home office, adding exceptional flexibility to the layout. Step out onto the large balcony and enjoy your own peaceful retreat above the energy of the city - the perfect place to relax and unwind after a busy day downtown. Located just steps to the Financial District, University of Toronto, hospitals, TTC, restaurants, cafes, shopping, and daily essentials, this home offers the ideal balance of convenience, comfort, and lifestyle in one of Downtown Toronto's most desirable neighbourhoods. Includes one parking space and one locker. Currently tenanted until October 31, 2026, with the tenant willing to stay or vacate, offering flexibility for both investors and end-users.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$877
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,537
mls© NumberC13708858
Listed ByEXP REALTY
Parking Included
Building Insurance Included
Heat Included
Water Included
Hydro Included
CAC Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,743
Property tax
$295
Heat allowance
$150
Condo fees, half counted
$438
Housing costs
$3,627 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $107,200
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,256 / mo
Cash down
$107,200

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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