711 Bay Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Bay Street Corridor. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $399,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 500-599 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Your new home awaits! This Executive 1 plus Den condo in the heart of the Bay corridor. This classic building is situated in a premium location for any professional, young family, or investor looking for a reliable stream of income with a higher cap rate. The unit features new flooring and a functional cozy layout. *******utilities plus basic Cable is included in the low Maintenance fees. Managed by Del Property Mgn. and built by H&R Development known for their Design integrity. Embrace the central location with a short commute to local malls, hospitals, UofT, TMU, and much more. Enjoy an extensive list of world class building amenities, including a spectacular pool and Hottub, rooftop patio, nearby playground, grocery stores, parks and more. Inquire today Motivated Seller!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 711 Bay Street 1221, Toronto C01, ON M5G 2J8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $399,999 in Toronto, the legal minimum down payment is $20,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,475 also applies, bringing the total estimated land transfer taxes to $8,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
