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Unit 713 at Lumiere Condos

For Sale

770 Bay Street 713, Toronto C01, ON M5G 0A6

MLS #C9230025

$820,000

Listed Price

About This Property

9Ft Ceiling. In The Heart Of Bay & College In Downtown. Steps To Subway, Banks, Financial District, Eaton Centre, Hospitals, Restaurants, Supermarket, Ryerson University, Queens Park. Incredible Amenities.

Investment Analysis

$3,777
Est. Monthly Rent
Based on $4/sqft
5.53%
Gross Yield
Before expenses
3.83%
Net Yield
After expenses
18.1
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($776/mo) and property tax ($4,571/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$916/sqft
Lumiere Condos
$1,032/sqft-11.3%
Bay Street Corridor
$955/sqft-4%
Toronto C01
$883/sqft
Building PSF Range
$869$1,315

Below Market Value

This unit is priced 11.3% below the building average of $1,032/sqft. With a 3.83% net yield after expenses, this could be a strong investment opportunity.

Analysis based on 20 sales and 166 leases in this building. Unit size estimated at 895 sqft.

Property Details

Bedrooms

3

Bathrooms

2

Square Feet

800-899 sqft

Property Type

Residential Condo & Other

ParkingNo
Parking TypeNone
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2149
MLS Size800-899
Listed OnJul 28, 2024
Maintenance Fees$776/month
Property Tax$4,571/year

Rooms

NameSize (m)Size (ft)Features
Living Room(Main)6.88 x 4.0622.6 x 13.3-
Living Room(Main)6.88 x 4.0622.6 x 13.3-
Dining Room(Main)6.88 x 4.0622.6 x 13.3-
Dining Room(Main)6.88 x 4.0622.6 x 13.3-
Primary Bedroom(Main)3.3 x 3.2110.8 x 10.5-
Primary Bedroom(Main)3.3 x 3.2110.8 x 10.5-
Bedroom 2(Main)3.19 x 2.6610.5 x 8.7-
Bedroom 2(Main)3.19 x 2.6610.5 x 8.7-
Den(Main)2.18 x 2.437.2 x 8.0-
Den(Main)2.18 x 2.437.2 x 8.0-

Unit 713 History

Complete transaction history for this unit

Leased

Leased: Aug 14, 2024

$3,700/mo

+$50 (1.4%)

Listed: $3,6503 days on marketLease
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1 More Transactions Available

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OQ

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OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameLumiere Condos
Address770 Bay, Toronto C01
Parking TypeNone

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About Unit 713 at Lumiere Condos

Unit 713 is a residential condo & other with 3 bedrooms, 2 bathrooms spanning approximately 800-899 square feet located at Lumiere Condos, 770 Bay, Toronto C01. This unit is currently for sale at $820K.

About Lumiere Condos

Lumiere Condos is located at 770 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 Lumiere 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 713 Lumiere Condos Toronto C01

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