$759,000 - 770 Bay Street Unit 513, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
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- MLS Number
- C13815918
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,903
- Maintenance Fees
- $856/mo
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Lumiere Condos at 770 Bay Street - experience the absolute best of Toronto's Bay Street Corridor! Located just steps from the downtown hospital network, University of Toronto, TMU, Eaton Centre, the financial district, and two major subways (College & Queen's Park Subway). Original owners and has never been rented , this two bedroom plus den, 895 Sq. Ft. of living space with a highly functional layout that maximizes every square foot. Gleaming hardwood floors and 2 walkouts to a large open balcony. 9 foot ceilings throughout. A true split-bedroom layout which offers maximum privacy, featuring a spacious primary bedroom with a 4pc-ensuite bathroom. It features a large den - a distinct, dedicated space ideal for a quiet home office, creative studio, or can be used as a 3rd bedroom. Five-Star Building Amenities: Residents enjoy 24-hour concierge service, a state-of-the-art fitness centre, an indoor pool, a private cinema, a billiards room, and a breathtaking rooftop terrace equipped with BBQs. Living on a lower level means you can completely bypass the morning elevator rush and take the stairs - a massive time-saver when you're heading out for work or walking the dog.
Estimate your monthly payments for this property
Estimated Payment
$3,894.06/mo
Includes CMHC insurance ($21,176)
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.
770 Bay Street Unit 513, 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
Fair Market Value
At $949/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 15 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 $856/month fees should cover building insurance, common elements, and reserve contributions.
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.
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.