Sold
$535,000
1bed|1bath|654sqft
1 parking|1 locker
Unit 713
889 Bay Street 713, Toronto C01, ON M5S 3K5
Residential Condo & Other|$765 fees|$3137 tax
MLS #C13035034
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Unit 608 at Opera Place Condos
Sold889 Bay Street 608, Toronto C01, ON M5S 3K5
MLS #C8366682
$608,000
Sold on July 16, 2024
July 16, 2024
Originally listed at $619,900 26 days on market
About This Property
Exceptionally Coveted Gorgeous Building! ONLY UNIT ON MARKET! Low Low Turn Over! Steps to All Desirable Amenities in Downtown TO! Walk Everywhere! TTC/Subway/Starbucks/Resto! Ideal for Professionals/Finance/Hospitals! Great Investor Property !! Easily Rentable For High $2000 to Low $3000!! DO NOT MISS THIS OPPORTUNITY! Beautifully Renovated! Fantastic InSuite Storage AND Locker! Best of Downtown Living.
Investment Analysis
$2,418
Est. Monthly Rent
Based on $4/sqft
4.68%
Gross Yield
Before expenses
2.95%
Net Yield
After expenses
21.4
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($674/mo) and property tax ($2,625/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$954/sqftOpera Place Condos
$921/sqft+3.6%
Bay Street Corridor
$979/sqft-2.5%
Toronto C01
$979/sqft
Building PSF Range
$892$955
Fair Market Price
This unit is priced in line with the building average of $921/sqft. Expected net yield of 2.95% after maintenance and taxes.
Analysis based on 3 sales and 37 leases in this building. Unit size estimated at 650 sqft.
Property Details
Bedrooms
1
Bathrooms
1
Square Feet
600-699 sqft
Property Type
Residential Condo & Other
ParkingNo
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-1245
MLS Size600-699
Listed OnMay 22, 2024
Maintenance Fees$674/month
Property Tax$2,625/year
Property Details Available
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Flat) | 5.48 x 3.23 | 18.0 x 10.6 | - |
| Living Room(Flat) | 5.48 x 3.23 | 18.0 x 10.6 | - |
| Living Room(Flat) | 5.48 x 3.23 | 18.0 x 10.6 | - |
| Dining Room(Flat) | 548 x 3.23 | 1797.9 x 10.6 | - |
| Dining Room(Flat) | 548 x 3.23 | 1797.9 x 10.6 | - |
| Dining Room(Flat) | 548 x 3.23 | 1797.9 x 10.6 | - |
| Kitchen(Flat) | 2.43 x 2.13 | 8.0 x 7.0 | - |
| Kitchen(Flat) | 2.43 x 2.13 | 8.0 x 7.0 | - |
| Kitchen(Flat) | 2.43 x 2.13 | 8.0 x 7.0 | - |
| Primary Bedroom(Flat) | 4.14 x 2.92 | 13.6 x 9.6 | - |
| Primary Bedroom(Flat) | 4.14 x 2.92 | 13.6 x 9.6 | - |
| Primary Bedroom(Flat) | 4.14 x 2.92 | 13.6 x 9.6 | - |
Room Dimensions Available
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Price History
Original List Price
$619,900
Listed on May 22, 2024
Sold Price
$608,000
Sold on Jul 16, 2024
-$11,900
-1.9%
26 days on market
Price History Available
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OQ
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Building Information
Building NameOpera Place Condos
Address889 Bay, Toronto C01
Parking TypeUnderground
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About Unit 608 at Opera Place Condos
Unit 608 is a residential condo & other with 1 bedroom, 1 bathroom spanning approximately 600-699 square feet located at Opera Place Condos, 889 Bay, Toronto C01. This unit is currently sold (sold for $608K).
About Opera Place Condos
Opera Place Condos is located at 889 Bay, Toronto C01. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.
Bay Street Corridor Neighbourhood
This unit is located in Bay Street Corridor, part of Toronto C01 in the Toronto area. Explore more condos for sale and rent in this community.
Whether you're looking to buy, sell, or rent at Opera Place Condos, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.
Keywords: Unit 608 Opera Place Condos Toronto C01
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