$1,059,900 - 1080 Bay Street Unit 3410, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
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- MLS Number
- C13780008
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $5,693
- Maintenance Fees
- $766/mo
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Prestigious Luxury Living At The Renowned U Condominiums Built by Pemberton Group! U Condo=Condo in University! Approx. 900 Sq.Ft. 2 Bedroom 2 bathroom Unit Plus An Impressive 277 Sq.Ft. Of Oversized Balconies. Bright & Spacious Open-Concept Layout With 9-Ft Floor-To-Ceiling Windows Filling The Unit With Natural Light. Functional Split 2-Bedroom, 2-Bathroom Design Offering Excellent Privacy. Spacious Primary Bedroom & Generous-Sized Second Bedroom. Both Bedrooms Feature Large Windows.Modern Designer Kitchen With Quartz Countertops & Backsplash, Centre Island, Valance Lighting & Built-In European Appliances. Located Steps To University of Toronto, Yorkville, Bay/Bloor Luxury Shopping, Fine Dining, TTC Subway Stations & Minutes To The Financial District. Enjoy World-Class Building Amenities Including 24 Hr Concierge, 3-Storey Grand Lobby, Fitness Centre With Cardio & Exercise Rooms, Yoga Studio, Steam Room, Library, Party Room, Billiards Room, Rooftop Terrace & Underground Visitor Parking.1 Underground Parking Space & 1 Locker included.
Estimate your monthly payments for this property
Estimated Payment
$4,688.30/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 Bay Street Corridor
Bay Street Corridor 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 Bay Street Corridor
- •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
Bay Street Corridor 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.
1080 Bay Street Unit 3410, Downtown Toronto / Waterfront
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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 $1325/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.
Market Position
At 23 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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. The $766/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Bay Street Corridor
I know Bay Street Corridor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,416 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.