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    Toronto / Downtown / Bay Street Corridor

    505 - 1080 Bay St

    For SaleU Condominium
    5.0
    $1,088,000
    1 Bed + 1
    1 Bath
    1 Parking
    694 SQFT
    7 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $545/mth
    Taxes:
    $3,920 (2024)
    Cost Per Sqft:
    $1,568/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    December 18, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Wood Floor, Walkout To Balcony
    11.58 x 11.58ft
    Dining
    Wood Floor, Combined with Living, Open Concept
    11.58 x 11.58ft
    Kitchen
    Wood Floor, Centre Island
    15.19 x 11.58ft

    About this Listing

    EExquisite 1 Bedroom Plus Den Suite At Prestigious U Condominiums. Clear Urban City View from Large 132 Sq Ft Walk-Out Balcony Overlooking U of T Campus. Gorgeous Luxury West Facing 1 Bedroom + Large Den That Could Be Used As A 2nd Bedroom. The Unit Has A Large Balcony With Unobstructed Views! Floor To Ceiling Windows W/ Great Natural Lighting. 9 Ft Ceilings, Completely Upgraded Suite! Absolutely Ready For You To Move In. Steps To University Of Toronto, Yorkville, Bloor St, Subway Station, Restaurants, Upscale Shopping & Much More!

    ExtrasFull Service Building Offers 24Hr Concierge, Gym, Outdoor Patio, Rooftop Deck, Meeting/Party Room, Bike Storage & Visitor Parking.

    forest hill real estate inc.MLS® #C11896206

    Amenities

    Sauna
    Visitor Parking
    Rec Room
    Concierge
    Gym Room
    Indoor Parking

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    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

    U Condominium vs The Bay Street Corridor Area

    Building Trends At U Condominium

    Days on Strata

    Units at U Condominium spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    4.2
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    246
    Units were Rented over the past twelve months

    Best Value Rank

    U Condominium offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    U Condominium has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    U Condominium yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    U Condominium is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 1080 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$469,000$770,000$895,000 - $1,043,000$1,100,000 - $1,401,888No DataNo Data$2,718,000
    Avg. Cost Per Sqft$1,275$1,431$1,591$1,480No DataNo Data$840
    Avg. Wait for Unit Availability49 Days26 Days21 Days18 Days77 Days167 Days191 Days
    Ratio of Units in Building12%26%27%30%5%2%2%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor