$459,000 - 750 Bay Street Unit 1108, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
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- MLS Number
- C13792190
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,276
- Maintenance Fees
- $986/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome To The Prestigious Penrose On Bay! Discover This Established, Meticulously Maintained 1-Bedroom Suite Offering An Impressive 708 Sq Ft Of Luxurious Living Space, Complete With Parking And Storage Locker-All Nestled In The Highly Coveted Bay & College Corridor! Enjoy Supreme Convenience With All Utilities Included, And Relax On Your Sun-Drenched, West-Facing Balcony (3.1m x 1.85m). This Open-Concept Gem Features A Bright Living & Dining Area, Spacious Bedroom, And Generous Walk-In Closet. Ideally Situated In The Heart Of Downtown, You Are Mere Steps From World-Class Hospitals, University Of Toronto, Toronto Metropolitan University, Fine Dining, Transit, Shopping, And The Financial District. Elevate Your Lifestyle In A Beautifully Kept Building Offering 5-Star Resort-Style Amenities, Including A Newly Renovated Spa Featuring An Indoor Pool, Whirlpool, Dry Sauna, Steam Room, Fully Equipped Gym, Indoor Running Track, Games Room, And 24-Hour Concierge. Urban Living At Its Absolute Finest!
Estimate your monthly payments for this property
Estimated Payment
$2,354.91/mo
Includes CMHC insurance ($12,806)
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.
750 Bay Street Unit 1108, 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 $656/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.
Market Position
At 21 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 $986/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 700 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.
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.