1407 - 1001 Bay Street

Bay Street Corridor, Toronto

1407 - 1001 Bay Street, Bay Street Corridor, Toronto

$499,000

Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $831.67

About this Condo

in Bay Street Corridor, Toronto

Under $500K - WOW - in the heart of downtown Toronto. Suite 1407 is a renovated, move-in ready one-bedroom that puts you within steps of Yorkville, the Bay/Bloor subway, the Financial District and U of T - at a price point that rarely shows up this close to the centre of everything. At 692 sq ft, the suite is thoughtfully laid out with updated flooring in the living and dining rooms, a renovated kitchen, and floor-to-ceiling corner windows that frame an open city view. The full appliance package is included - front-loading washer/dryer, newer fridge, and newer stove. Everything is ready for you. The building - a 35-storey landmark in the Bay Street Corridor - has earned its reputation. A Toronto Star-featured art deco lobby sets the tone for a full suite of amenities: indoor pool, whirlpool, gym, racquetball and basketball courts, sauna, roof garden, and 24-hour security. A well-managed, well-maintained building. Walk to U of T St. George campus in 10 minutes. Step onto the subway in two. Have everything Yorkville offers on your doorstep without paying Yorkville prices. Whether you are buying your first place downtown, investing in a market that rewards location, or securing a home base for a student at U of T, 1407 makes the math work.

Listed by ROYAL LEPAGE TERREQUITY SEYMOUR REAL ESTATE.

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Virtual Tour
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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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