1 / ...
For Sale
$1,748,000
Unit 1610
MLS# C12970908889 Bay Street 1610, Toronto C01, ON M5S 3K5
3bed|3bath|2,885sqft
3parking|1locker
Residential Condo & Other|$3301 fees|$12353 tax
140 days on market
Opera Place Condos Condos in Toronto C01
889 Bay, Toronto C01
49
Total Units
3
For Sale
1
For Rent
5
Sold
45
Leased
$969K
Avg Price
18
Days (Sale)
25
Days (Lease)
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For Sale
$618,800
Unit 607
MLS# C13091672889 Bay Street 607, Toronto C01, ON M5S 3K5
2bed|1bath|769sqft
1parking|1locker
Residential Condo & Other|$877 fees|$3537 tax
112 days on market
1 / ...
For Sale
$539,000
Unit 512
MLS# C13476764889 Bay Street 512, Toronto, ON M5S 3K5
2bed|1bath|780sqft
1parking|1locker
Residential Condo & Other|$837 fees|$3393 tax
Showing 1-3 of 3 properties
Property Type:
CondoNumber of Units:
49Condo Demand:
HighUnit Availability:
LowNumber of Storeys:
Condo Completion:
Unit Size Range:
0 - 2,999 SQFTProperty Management:
Opera Place IIMarket Overview
For-Sale Inventory
6.1%
Highest Sale (12mo)
$855K
Lowest Sale (12mo)
$525K
Median Maintenance
$877/mo
Year Built
Market statistics for Opera Place Condos will be published as transaction activity is recorded in this area.
Market Intelligence
Price per sqft analysis and trends
Opera Place Condos
Sale PSF
$921/sqft
3 sales
Lease PSF
$3.72/sqft/mo
37 leases
Bay Street Corridor
Sale PSF
$911/sqft
20 sales
Lease PSF
$4.45/sqft/mo
1 leases
Toronto C01
Sale PSF
$883/sqft
173 sales
Lease PSF
$4.45/sqft/mo
1 leases
Toronto
Sale PSF
$788/sqft
861 sales
Lease PSF
$3.85/sqft/mo
1 leases
Price Per Sqft Trends
Avg:$927/sqft
Range: $802 - $1051/sqft
Exact sqft
Estimated
Fallback
Avg
Location Comparison
| Location | Sale PSF | Lease PSF | # Sales | # Leases |
|---|---|---|---|---|
Opera Place CondosThis Building | 921 | 3.72/mo | 3 | 37 |
Bay Street Corridor | 911+1% | 4.45/mo-16% | 20 | 1 |
Toronto C01 | 883+4% | 4.45/mo-16% | 173 | 1 |
Toronto | 788+17% | 3.85/mo-3% | 861 | 1 |
Green badges indicate the building is priced below the comparison area. Data from closed transactions.
Market Analysis
Sale prices at Opera Place Condos average $921/sqft, which is in line with the Bay Street Corridor community average of $911/sqft (+1%).
Prices here are premium compared to the broader Toronto area ($788/sqft).
Rental rates are competitive at $3.72/sqft monthly, 16% below the community average, offering solid rental yield of 4.8%.
The building has seen 3 sales and 37 leases in recent transactions, indicating moderate market activity.
Avg Sale PSF
$921
Avg Lease PSF
$3.72/mo
Gross Yield
4.8%
Transactions
40
Investment Analysis
Est. Monthly Rent
$3,597
Based on $3.72/sqft
Gross Yield
4.85%
Good Yield
Before expenses
Net Yield
2.68%
Low Yield
After expenses
Years to Recover
20.6
Via rental income
vs Bay Street Corridor
-1.01%
Bay Street Corridor avg: 5.86%
vs Toronto C01
-1.20%
Toronto C01 avg: 6.05%
Avg. Monthly Operating Costs
Maintenance: $1210/mo
Property Tax: $397/mo
Building PSF Range
$3Avg: $921/sqft$955
💡 Investment Insight: Opera Place Condos provides moderate yield at 4.85%, balancing cash flow with appreciation potential. Yield is 1.01% below Bay Street Corridor average, likely due to premium pricing. Operating costs reduce yield by 2.17% - consider maintenance fees when evaluating.
Parking & Locker Values
Parkingbuilding
Purchase
N/A
Monthly Lease
$100/mo
Lockergeneric
Purchase
$10K
Monthly Lease
$50/mo
Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.
Amenities
BBQs Allowed
Bike Storage
Concierge
Exercise Room
Game Room
Gym
Party Room/Meeting Room
Recreation Room
Sauna
Squash/Racquet Court
Visitor Parking
Maintenance Fee Includes:
A/CBuilding InsuranceCommon ElementsCondo TaxesHeatHydroParkingWater
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About Opera Place Condos Condos
Opera Place Condos is a premier condominium located at 889 Bay, Toronto C01. This 49-unit building offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.
Currently, there are 54 units available at Opera Place Condos, with prices averaging around $969K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.
Opera Place Condos stands out in Toronto C01's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.
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 and market analysis.
Explore more real estate in the wider area: Bay Street Corridor, Toronto C01 and the Toronto area.
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