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New1 hour ago

511 - 1001 Bay Street

Bay Street Corridor, Toronto

$538,000

Condo Apartment |
1 + 1 | 1 | 0 | 1
About this home

Spacious and light-filled 1-bedroom plus den suite offering unobstructed, sweeping views. The versatile den features a large window, making it ideal for a dedicated home office, guest space, or secondary living area. Complete with convenient in-suite laundry featuring 2025 washer and dryer.Unbeatable location in the heart of downtown Toronto-just steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), Queen's Park, major hospitals, TTC subway and bus lines, as well as a vibrant selection of grocery stores, restaurants, cafes, and shopping. An incredible opportunity for professionals, students, or investors alike.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$645
LockerExclusive
BalconyNone
ExposureSouth East
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,939
mls© NumberC13720902
Listed ByHOMELIFE LANDMARK REALTY INC.
Water Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,754
Property tax
$245
Heat allowance
$150
Condo fees, half counted
$322
Housing costs
$3,471 / mo

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

Down payment20% · $107,600
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,264 / mo
Cash down
$107,600

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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