$3,389,000 - 1166 Bay Street Unit 1002, Downtown Toronto
Condo for Sale in Downtown Toronto
77 days on marketNeighbourhood: Bay Street Corridor
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- MLS Number
- C13594260
- Property Type
- Condo
- Status
- active
- Days on Site
- 77
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $10,189
- Maintenance Fees
- $2,977/mo
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Finding nearly 2,300 square feet in the heart of Yorkville is rare. Finding it completely transformed through a no-expense-spared luxury renovation is rarer still. Welcome to Suite 1002 at 1166 Bay Street-a remarkable residence where timeless design, exceptional craftsmanship, and generous living spaces come together in one of Yorkville's most established and respected buildings. At the heart of the home is a stunning custom Downsview kitchen, finished with Calacatta marble and a striking 12-foot island designed for both everyday living and effortless entertaining. Wide-plank white oak floors, bespoke millwork, spa-inspired bathrooms with heated floors, and expansive principal rooms come together to create an atmosphere that is warm, refined, and as timeless as it is beautiful. Residents enjoy the exceptional service and amenities of this full-service building, including 24-hour concierge, valet parking, an indoor pool, fitness centre, saunas, and a beautifully landscaped residents' terrace. Perfectly positioned in the heart of Yorkville, with Eataly and Earls directly across the street, and Bloor Street's world-renowned shopping, acclaimed restaurants, cafés, galleries, museums, and cultural attractions just moments away, the location is every bit as exceptional as the home itself. Offering the scale and comfort of a luxury home with the convenience of condominium living, Suite 1002 is one of Yorkville's truly distinguished residences. Every exceptional home has a story, and Suite 1002 is ready for its next chapter.
Estimate your monthly payments for this property
Estimated Payment
$14,990.69/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.
1166 Bay Street Unit 1002, 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 $1695/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 77 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. The $2977/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $14,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.