$565,000 - 633 Bay Street Unit 903, Downtown Toronto
Condo for Sale in Downtown Toronto
159 days on market- MLS Number
- C12729800
- Property Type
- Condo
- Status
- active
- Days on Site
- 159
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Welcome to this beautifully renovated and generously sized one-bedroom suite at the well-established Horizon on Bay. Perfectly situated at Bay and Dundas, this spacious condo blends modern elegance with a charm of a solidly built residence known for its generous floor plans. Step into an open-concept living, dining, and kitchen area thats ideal for both relaxing and entertaining. The centrepiece of the home is a stunning new kitchen featuring a large Caesarstone island, sleek cabinetry, and high-end finishes - all designed to elevate your lifestyle. This freshly renovated suite had over 100k in updates. Recessed Lighting and Luxury vinyl flooring throughout, combining a refined aesthetic with low-maintenance living. The open layout maximizes the space and light, offering a contemporary feel within a mature, quality-built building. Plenty of storage throughout the unit including a large walk-in closet. Unbeatable location, just steps to the financial district, major hospitals, University of Toronto, and Toronto Metropolitan University - getting around the city has never been easier. You're also moments from the Eaton Centre, St. Lawrence Market, and Yorkville - everything downtown Toronto has to offer is at your doorstep. Enjoy access to an array of amenities including a fitness centre, indoor pool, 24-hour concierge, and a rooftop deck - perfect for urban professionals seeking a dynamic and convenient lifestyle. Don't miss this opportunity to own a sophisticated and spacious downtown suite in one of Torontos most central and connected neighbourhoods. Note this is a single family residence which doesn't allow roommates, it is also a no smoking building.
Estimate your monthly payments for this property
Estimated Payment
$2,898.74/mo
Includes CMHC insurance ($15,764)
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.
633 Bay Street Unit 903, 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
Competitive Pricing
At $706/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 159 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.
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.
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 $2,354 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.