#708 - 887 Bay Street
Bay Street Corridor, Toronto
$559,000
Bedrooms: 1
Bathrooms: 1
Living Area: 600 sqft
Price Per Sqft: $931.67
About this Condo
in Bay Street Corridor, Toronto
Welcome to this beautifully updated 1-bedroom + den suite in the heart of downtown Toronto. Originally designed as a one-bedroom residence, the interior partition wall was removed to create a bright, spacious, loft-inspired open-concept layout, maximizing natural light and flexibility while offering potential for future reconfiguration, subject to buyer preferences and any applicable condominium requirements. (Note: The partition wall was removed by a previous owner prior to the Seller's 2016 purchase.) Offering 644 sq. ft. of functional living space, the suite features an exceptionally wide 21-ft living and dining area with rare unobstructed west-facing views overlooking Bay Street and green space, providing exceptional privacy, treetop views, and abundant afternoon sunshine. Extensively renovated throughout, the suite features fresh paint, new interior doors, upgraded lighting, brand-new blinds, and distinctive French Country-inspired artisan tile flooring. The spa-inspired bathroom features a frameless glass shower, American Standard toilet, Moen matte-black fixtures, quartz vanity, smart anti-fog LED mirror, and contemporary finishes. The modern kitchen offers quartz countertops and sleek wall-mounted cabinetry, while the original bedroom area includes a spacious walk-in closet. A separate den provides flexible space for a home office, study, dressing area, or additional storage. Parking and locker are included-a rare combination in downtown Toronto. Maintenance fees include heat, hydro, water, and air conditioning for lower monthly expenses. Ideally located steps to the University of Toronto, TMU, Queen's Park, subway stations, Eaton Centre, restaurants, shopping, and entertainment, this turnkey home combines generous living space, abundant natural light, exceptional storage, and an unbeatable location-an outstanding opportunity for professionals, first-time buyers, young couples, students, or investors.
Listed by HOMELIFE NEW WORLD REALTY INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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
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| * This material is for informational purposes only. | |||
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