$1,550,000 - 889 Bay Street Unit 1610, Downtown Toronto
Condo for Sale in Downtown Toronto
36 days on marketNeighbourhood: Bay Street Corridor
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- MLS Number
- C13731416
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $12,353
- Maintenance Fees
- $3,301/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Step into a truly extraordinary residence in the heart of downtown Toronto. Located in the prestigious Bay St. corridor and approaching 3000 sq. ft., this luxury suite is the inspired combination of Units 1608, 1610, and 1611. Offering a scale rarely seen in condo living, this expansive home delivers unparalleled flexibility, volume, and presence. Expansive windows flood the home with natural light, creating a bright and airy ambiance throughout; with two full kitchens, a self-contained one-bedroom suite, and a thoughtfully designed layout, the possibilities are endless. Enjoy it as one grand residence or customize the layout for multi-generational living, private guest quarters, or live-in staff. With three separate entrances, the suite provides exceptional versatility. This exceptional offering also includes 3 parking spaces and 3 storage lockers - a rare and valuable asset in Toronto's downtown core. Building Amenities: 24/7 concierge & security, fully equipped fitness centre, party & meeting rooms, visitor parking, and on-site retail including a café and pharmacy. Steps to transit and within walking distance to University of Toronto, Toronto Metropolitan University, CF Toronto Eaton Centre, Queen's Park, The Financial District & top hospitals. Stroll to Yorkville for luxury shopping and dining; Massey Hall, the Elgin and Winter Garden Theatre Centre for live music and theatre. This is more than a home - it's a truly exceptional residence in one of Toronto's most connected and sought-after neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$6,856.17/mo
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.
889 Bay Street Unit 1610, 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 $564/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 36 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 $3301/month fees should cover building insurance, common elements, and reserve contributions.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.