$3,468,000 - 1078 Bay Street, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on market- MLS Number
- C12472783
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
A truly rare and exclusive opportunity in Toronto's most sophisticated enclave. This prestigious Yorkville residence Townhome is part of The Urban Townhome Collection at Pemberton's acclaimed U Condominiums, offering the ultimate in luxury and privacy with the conveniences of refined urban living.Perfectly positioned between St. Michael College and St. Basil's Parish, this sun-filled,home spans nearly 3,000 sq.ft. of meticulously designed living space. The main level features soaring 10-ft ceilings, a custom Irpinia kitchen with premium Wolf & Sub-Zero appliances,and an expansive private terrace ideal for elegant entertaining.A private elevator connects all five levels, including three floors of opulent living space, a rooftop terrace with bar, BBQ hookup, and a lower level with a rare oversized 2 car private garage and generous storage.The second level features one bedroom with own ensuite bath and walk-in w/built in closet, andone bedroom w/built in closet and bathroom, while the third level offers a serene primary retreat with custom walk-in closets, spa-inspired ensuite bath and an additional secondary bedroom w/built-in closet.Steps to Bloor-Yorkville's designer boutiques, world-class dining, U of T, and transit, this one-of-a-kind home seamlessly blends architectural excellence, elevated finishes, and an unrivaled lifestyle-crafted for the most discerning buyer.
Estimate your monthly payments for this property
Estimated Payment
$15,340.13/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1078 Bay Street, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1261/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.