205 - 801 Bay Street

Bay Street Corridor, Toronto

205 - 801 Bay Street, Bay Street Corridor, Toronto

$674,900

Bedrooms: 1

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $964.14

About this Condo

in Bay Street Corridor, Toronto

Spacious 1+1 Bedroom, 2 Bathroom Suite at The Royalton! Prime Investment Opportunity with Strong Rental Income Potential. Rare opportunity to own in this highly sought-after, well-managed building in a high-demand Toronto location. This bright and functional 1-bedroom + large den layout with two full bathrooms offers excellent cash flow potential, and long-term appreciation value. The oversized den comfortably fits a bed, making it a true second bedroom or office space. The enclosed sunroom adds additional space, perfect for those working from home. Featuring floor-to-ceiling windows, an open-concept living and dining area, and a full-sized kitchen with ample cabinetry, breakfast bar, and updated stainless steel appliances. A separate in-suite laundry room provides added convenience and storage. The primary bedroom offers south-facing views and a private ensuite. Steps to TTC transit, universities, major hospitals, shopping, and restaurants. This is a turnkey investment property in a prime downtown location with excellent tenant appeal and strong resale value. A smart addition to any real estate portfolio. **Washer/Dryer have just been replaced and are included with the unit.

Listed by KELLER WILLIAMS PORTFOLIO REALTY.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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