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    Toronto / Downtown / Bay Street Corridor

    1612 - 889 Bay St

    For SaleOpera Place II
    $1,175,000
    Price Cut: $1,225,000
    2 Beds
    2 Bath
    1 Parking
    1,221 SQFT
    131 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,096/mth
    Taxes:
    $4,707 (2024)
    Cost Per Sqft:
    $962/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    East
    Possession Date:
    July 20, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Double Closet, Pantry, Tile Floor
    11.19 x 6.5ft
    Kitchen
    Granite Counter, Tile Floor
    10.5 x 8.86ft
    Living
    East View, Track Lights
    12.14 x 21.06ft

    About this Listing

    In the heart of the financial district, This timeless midrise on Bay offers you luxury, and convenience. This well-designed 2-bedroom, 2-bathroom layout ensures practical living with no wasted space. You'll appreciate the generously-sized living and dining rooms, a large master bedroom with a walk-in closet and private 4-piece ensuite, and a stunning unobstructed east-facing view. Maintenance fees are all-inclusive, and the unit includes parking and a locker. Amazing amenities, and beautiful lobby with great security 24/7. Located close to numerous shops, as well as TTC transportation.

    sage real estate limitedMLS® #C9039193

    Amenities

    Party Room
    Security System
    Visitor Parking
    Concierge
    Gym Room
    Bike Storage

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Opera Place II vs The Bay Street Corridor Area

    Building Trends At Opera Place II

    Days on Strata

    Units at Opera Place II spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    5
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Best Value Rank

    Opera Place II offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Opera Place II has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Opera Place II yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    Opera Place II is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 889 Bay Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$608,000No DataNo DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$907No DataNo DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability200 Days421 Days159 Days448 DaysNo DataNo Data
    Ratio of Units in Building34%21%36%8%2%1%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor