Sold
$673,000
2bed|2bath|840sqft
1 parking|1 locker
Unit 305
889 Bay Street 305, Toronto C01, ON M5S 3K5
Residential Condo & Other|$971 fees|$3876 tax
MLS #C12827514
View complete sale history and details
+18 more
1 / 20
Unit 607 at Opera Place Condos
For Sale889 Bay Street 607, Toronto C01, ON M5S 3K5
MLS #C13091672
$618,800
Listed Price
About This Property
Experience comfortable urban living in the heart of Toronto's prestigious Bay Street Corridor. This bright and spacious 1 Bedroom + Den suite offers a generous interior layout thoughtfully designed for real everyday living, featuring an open-concept living and dining area with an airy and welcoming flow. The oversized den can comfortably function as a second bedroom, guest space, or private home office, adding exceptional flexibility to the layout. Step out onto the large balcony and enjoy your own peaceful retreat above the energy of the city - the perfect place to relax and unwind after a busy day downtown. Located just steps to the Financial District, University of Toronto, hospitals, TTC, restaurants, cafés, shopping, and daily essentials, this home offers the ideal balance of convenience, comfort, and lifestyle in one of Downtown Toronto's most desirable neighbourhoods. Includes one parking space and one locker. Currently tenanted until October 31, 2026, with the tenant willing to stay or vacate, offering flexibility for both investors and end-users.
Investment Analysis
$2,861
Est. Monthly Rent
Based on $4/sqft
5.55%
Gross Yield
Before expenses
3.28%
Net Yield
After expenses
18
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($877/mo) and property tax ($3,537/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$805/sqftOpera Place Condos
$921/sqft-12.6%
Bay Street Corridor
$955/sqft-15.7%
Toronto C01
$883/sqft
Building PSF Range
$892$955
Below Market Value
This unit is priced 12.6% below the building average of $921/sqft. With a 3.28% net yield after expenses, this could be a strong investment opportunity.
Analysis based on 3 sales and 37 leases in this building. Unit size estimated at 769 sqft.
Property Details
Bedrooms
2
Bathrooms
1
Square Feet
769 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-1245
MLS Size700-799
Listed OnMay 5, 2026
Maintenance Fees$877/month
Property Tax$3,537/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Flat) | 6.1 x 3.06 | 20.0 x 10.0 | - |
| Living Room(Flat) | 6.1 x 3.06 | 20.0 x 10.0 | - |
| Dining Room(Flat) | 6.1 x 3.06 | 20.0 x 10.0 | - |
| Dining Room(Flat) | 6.1 x 3.06 | 20.0 x 10.0 | - |
| Kitchen(Flat) | 2.6 x 2.44 | 8.5 x 8.0 | - |
| Kitchen(Flat) | 2.6 x 2.44 | 8.5 x 8.0 | - |
| Primary Bedroom(Flat) | 4.27 x 3.05 | 14.0 x 10.0 | - |
| Primary Bedroom(Flat) | 4.27 x 3.05 | 14.0 x 10.0 | - |
| Den(Flat) | 3.1 x 2.51 | 10.2 x 8.2 | - |
| Den(Flat) | 3.1 x 2.51 | 10.2 x 8.2 | - |
Similar Sold Units in This Building
Showing 4 of 5
Sold
$855,000
2bed|2bath|900-999sqft
2 parking|1 locker
Unit 404
889 Bay Street 404, Toronto C01, ON M5S 3K5
Residential Condo & Other|$1170 fees|$5231 tax
MLS #C12496346
View complete sale history and details
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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Sold
$525,000
1bed|1bath|500-599sqft
1 parking|1 locker
Unit 1503
889 Bay Street 1503, Toronto C01, ON M5S 3K5
Residential Condo & Other|$689 fees|$2835 tax
MLS #C12465478
View complete sale history and details
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$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
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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
141 days on market
OQ
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Building Information
Building NameOpera Place Condos
Address889 Bay, Toronto C01
Parking Type
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About Unit 607 at Opera Place Condos
Unit 607 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 700-799 square feet located at Opera Place Condos, 889 Bay, Toronto C01. This unit is currently for sale at $619K.
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.
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