$448,800 - 750 Bay Street Unit 808, Downtown Toronto
Condo for Sale in Downtown Toronto
37 days on marketNeighbourhood: Bay Street Corridor
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- MLS Number
- C13727190
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- 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
- RE/MAX CONDOS PLUS CORPORATION
Welcome to Suite 808 at The Penrose - a remarkably spacious one-bedroom residence in the heart of downtown Toronto. From the moment you enter the [ 708 square feet ] living space, the scale of this suite sets it apart. The expansive open-concept living and dining area offers the kind of space rarely found in a one-bedroom condo, with room for substantial furniture, a full dining setting, a dedicated work-from-home area and effortless entertaining - all without feeling crowded. Large windows bring natural light into the principal living space and extend the home outdoors to a private balcony [ 79 square feet ] , while the well-designed kitchen with breakfast bar keeps the layout open and connected. The generously proportioned bedroom features a walk-in closet, complemented by in-suite laundry and excellent functionality throughout. Parking and a Locker are included, adding even more value and convenience.The Penrose offers an exceptional collection of amenities designed for a true downtown lifestyle, including 24-hour concierge and security, a fully equipped fitness centre, indoor pool, hot tub, sauna and an exceptionally rare covered running track - an amenity seldom found in a downtown condominium.All of this in an outstanding Bay Street location, surrounded by the best of downtown Toronto with transit, shopping, dining, hospitals, universities and everyday conveniences just steps away.For buyers who love downtown living but don't want to compromise on space, Suite 808 is a rare find.
Estimate your monthly payments for this property
Estimated Payment
$2,302.58/mo
Includes CMHC insurance ($12,522)
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 808, 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 $641/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 37 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.