$899,000 - 57 St Joseph Street Unit 1811, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
- MLS Number
- C13606324
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Rarely available two-storey suite at 57 St Joseph (1000 Bay St.), one of downtown Toronto's premier condominium residences. Perfectly positioned where Yorkville, Queen's Park, the University of Toronto and Bay Street converge, **this exceptional location places you at the heart of everything that makes downtown Toronto special. Offering 802 sq. ft. (MPAC) of beautifully updated living space, this distinctive residence features an exceptional 1+1 bedroom layout, two bathrooms (including a 5-piece ensuite and powder room), two private balconies, parking and locker. **Quality upgrades include a custom kitchen, renovated bathrooms, premium appliances, quality flooring and custom blackout blinds. The open-concept main level is ideal for entertaining, while the upper level offers a rare sense of privacy seldom found in downtown condominium living. Floor-to-ceiling windows flood the home with natural light, and the versatile den is ideal as a home office, reading room or guest space. **Residents enjoy outstanding amenities including 24-hour concierge, fitness centre, theatre, library, party room, guest suites, visitor parking and a spectacular rooftop outdoor (infinity) pool, lounge and terrace with sweeping west-facing views over Queen's Park, the University of Toronto campus and Toronto's skyline-an unforgettable backdrop for summer evenings and spectacular sunsets. Step outside and enjoy one of Toronto's most walkable culturally rich neighbourhoods. **Stroll to Yorkville, Queen's Park, the U of T Campus, Wellesley subway, Toronto's hospital district, Financial District, acclaimed restaurants, cafés, boutique shopping, museums, galleries and cultural attractions. Whether you're a professional, investor or downsizer, this is a rare opportunity to own one of 57 St Joseph's (aka 1000 Bay's) unique two-storey residences enjoy an exceptional downtown lifestyle. Move in, unpack, experience the very best of Toronto. More details on Feature Sheet attached to the listing.
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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.
57 St Joseph Street Unit 1811, 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
Fair Market Value
At $1124/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 29 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. We'll want to verify the monthly fees and what they include.
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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.