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              #1612 711 Bay Street

              near Bay / Gerrard
              $449,000 0+1bdr • 1ba • 1kit • 500-599sf
              Average Income
              $44,160
              Population Age
              32 y/old
              School Score
              5.55/10
              Price Index Change 1y
              +2.77%
              Price Index Change 3y
              +16.62%
              Rent Index Change 1y
              -13.37%
              Rent Index Change 3y
              -3.26%

              Condo Apt • Apartment #1612 • 16 Level

              #1612 711 Bay Street, Bay Street Corridor, Toronto
              • Rooms and Bathrooms 0+1 bedr, 1 bath
              • Kitchens 1
              • area 500-599
              • garage 0.0 None
              • exposure S
              • age n/a
              • locker None
              • possession

                Immediate

              $449,000

              $1,739.14
              Tax yr: 2020

              $403.16/m

              CALCULATED NUMBERS:

              $1685.00

              calculator

              $1741

              3

              98 Walker's Paradise

              100 Rider's Paradise

              72 Very Bikeable

              5.55/10

              Location Details
              • Toronto

              • Toronto

              • Bay Street Corridor

              • Bay / Gerrard

              • M5G2J8

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              RE/MAX PROFESSIONALS INC., BROKERAGE

              Property Overview
              Freshly Painted, Well Maintained Apartment In High Demand Central Location Downtown. Functional Layout With No Wasted Space Provides For Comfortable & Modern Living. Sun Filled Solarium Facing The South. Recently Renovated Bathroom & Shower. Separate Kitchen. Small Den That Could Be Converted Into Working Space With Desk Or Used As A Closet. Building Amenities Incl., Indoor Pool, Saunas, Gym, Running Track, Rooftop Patio/Bbq, 24 Hr Security, Locker For Bikes.
              Extras: All Elfs & Window Coverings. Appliances Include Fridge Stove, Dishwasher, Washer, Dryer. Utilities Include Heat, Hydro, Water, Basic Cable
              Video tour available. Click to watch.
              Property Features
              • Bbqs Allowed
              • Bike Storage
              • Games Room
              • Gym
              • Indoor Pool
              • Recreation Room
              • Common Elements Included
              • Ensuite Laundry
              • Heat Included
              • Hydro Included
              • Building Insurance Included
              • Water Included
              • Cable TV Included
              • CAC Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Parking Included
              • Seller Property Info Statement
              • Family Room
              Rooms details
              Living
              • Flat Level
              • Combined W/Dining
              • South View
              • Size 4.85x4.45
              Dining
              • Flat Level
              • Combined W/Living
              • Broadloom
              • Size 4.85x4.45
              Solarium
              • Flat Level
              • South View
              • Sliding Doors
              • Size 2.47x1.80
              Kitchen
              • Flat Level
              • Ceramic Floor
              • Size 2.50x1.70
              Basement
              • None
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              • Listing added to site: 2020-11-20 00:24:16
              • Last updated: 2020-11-25 10:12:26
              • Photos updated: 2020-11-24
              • Contract date: 2020-11-19
              • Input date: 2020-11-19
              • Expiry date: 2021-02-20
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Listing Overview

              General:

              1612 711 Bay Street is a condo apt apartment, located in Bay Street Corridor of city of Toronto, Toronto region, near Bay / Gerrard, and has been available for sale on CondosDirect since 2020-11-20. This unit is located at level 16 of the building and has South exposure of Bay St. Condo registry office is MTCC, corporation number 901.

              Lot Size and Living Area:

              1612 711 Bay Street has 3+1 rooms in total, including 0+1 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 500-599 square feet. An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:


              AIDA has also found the following features: Modern/Renovated/Well Maintained, Motivated Seller Indications, Swimming Pool, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

              Price & Cost Overview

              General:

              1612 711 Bay Street condo apt is listed for $449,000. Property tax for year 2020 was $1,739. And the monthly maintenance fee was $403.

              Comparative Market Analysis:

              There are similar 0+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $434,004.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $1,685, and total expenses, including the mortgage, property tax and maintenance, fee around $1,864, assuming $449,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 1612 711 Bay Street, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Bay Street Corridor, where 711 Bay Street is located, has $878,092 Home Price Index, and $2,437 Home Rent Index. Average household income at dissemination area of 711 Bay Street is $44,160, and average polulation age is 32 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,060,017, and average Home Rent Index $2,565.

              Similar Properties & Community Details:

              There are similar to 1612 711 Bay Street 0 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 711 Bay Street.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Bay Street Corridor neighborhood in city of Toronto.

              Schools:

              There are at least 2 school(s) located near 711 Bay Street, or schools, which boundaries this address belongs to with an average School Score 5.55 out of 10. Here are more details about these schools:
              1. Church Street Junior Public School (Grades JK-06), Public, Elementary, ranked as Average.
              2. Jarvis Collegiate Institute (Grades 09-12), Public, Secondary, ranked as Average.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 98, 100, and 72 accordingly, location of 711 Bay Street overall can be described as Walker's Paradise, Rider's Paradise, and Very Bikeable.

              1612 711 Bay Street Listings History Powered by AIDA
              Bay Street Corridor, Toronto Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Toronto Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (93 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 7 to 9 properties like that to be sold in Bay Street Corridor during the next 30 days.
              Seasonal sales fluctuation is showing 52% inventory increase comparing to the average annual number, which is equvalent to 5.25 properties sold per month, and 41% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 8 days, which is 15 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
              Seasonal sales fluctuation is showing 27% D.O.M. increase comparing to the average annual number, which is equvalent to 18 D.O.M., and -7% decrease comparing to the last six months indicating slightly growing demand for this type of properties within this price range.
              At what price can it be sold?
              Similar properties currently sell very close to its asking price in Bay Street Corridor.
              The selling to asking price ratio is declining in Bay Street Corridor.
              This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4994977 Comparative Market Analysis
              1612 711 Bay Street Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Bay Street Corridor, Toronto, to the City of Toronto for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +2.77% comparig to the City of Toronto average of +12.835%

              Price Index 3y

              Price Index change was +16.62% comparig to the City of Toronto average of +5.47%

              Rent Index 1y

              Rent Index change was -13.37% comparig to the City of Toronto average of +2.81%

              Rent Index 3y

              Rent Index change was +16.62% comparig to the City of Toronto average of +5.47%

              Walkscore

              Walkscore 98 out of 100 means Walker's Paradise

              Transitscore

              Transitscore 100 out of 100 means Rider's Paradise

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 5.55 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

              Assuming Fixed Rate, Monthly Payments

              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

              Save mortgage settings to your profile for automated mortgage calculation on all listings. Account login required.

              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

              $7,100 Cashback
              $474,900
              1+1br 1ba 600-699sf

              Prop Tax

              $1,269

              Condo Fee

              $502

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare$449,425

              $6,600 Cashback
              $439,900
              2br 1ba 900-999sf

              Prop Tax

              $1,210

              Condo Fee

              $695

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare$520,178

              $7,700 Cashback
              $515,900
              1+1br 2ba 600-699sf

              Prop Tax

              $n/a

              Condo Fee

              $358

              Exposure

              Nw

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare n/a

              New
              $385,000
              1br 1ba 700-799sf

              Prop Tax

              $785

              Condo Fee

              $559

              Exposure

              S

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare$341,415

              $7,400 Cashback
              $490,000
              1br 1ba 500-599sf

              Prop Tax

              $1,889

              Condo Fee

              $349

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare$553,793

              $7,300 Cashback
              $489,000
              2+1br 2ba 1000-1199sf

              Prop Tax

              $1,547

              Condo Fee

              $837

              Exposure

              Ne

              Mortg/m

              $ calculator

              WalkScore

              48

              Compare$515,874

              $6,700 Cashback
              $449,900
              1br 1ba 500-599sf

              Prop Tax

              $1,955

              Condo Fee

              $410

              Exposure

              Ne

              Mortg/m

              $ calculator

              WalkScore

              74

              Compare$503,678

              $6,300 Cashback
              $419,900
              1br 1ba 600-699sf

              Prop Tax

              $1,133

              Condo Fee

              $453

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              48

              Compare n/a

              New
              $398,888
              1br 1ba 500-599sf

              Prop Tax

              $1,499

              Condo Fee

              $388

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              39

              Compare$443,573

              $7,500 Cashback
              $499,000
              1br 1ba 500-599sf

              Prop Tax

              $1,721

              Condo Fee

              $394

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              68

              Compare$439,935

              $6,700 Cashback
              $445,000
              1br 1ba 600-699sf

              Prop Tax

              $1,703

              Condo Fee

              $661

              Exposure

              Nw

              Mortg/m

              $ calculator

              WalkScore

              55

              Compare$474,896

              $7,200 Cashback
              $479,000
              1br 1ba 0-499sf

              Prop Tax

              $1,889

              Condo Fee

              $528

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              0

              Compare$470,898