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    Toronto / Downtown / Bay Street Corridor

    506 - 1080 Bay St

    For RentU Condominium
    4.5
    $2,800/mth
    1 Bed + 1
    1 Bath
    0 Parking
    600 - 699 SQFT
    1 Day on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Possession Date:
    Vacant
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    West
    Locker:
    None
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Family, Large Window
    14.01 x 11.61ft
    Family
    Laminate, Combined with Dining, Walkout To Balcony
    14.01 x 11.61ft
    Kitchen
    Open Concept, Built-in Appliances, Centre Island
    0 x 0ft

    About this Listing

    *Virtual Tour Available* Your Opportunity To Live In The Luxurious U Condo! Located In The Heart Of Toronto, This Executive Suite Offers A Spacious One Bedroom With An Over-Sized Den That Can Be Used As A 2nd Bedroom. Beautiful Integrated Kitchen With Large Centre Island. Sun-Filled Living Space With 9th Ceiling, Large Windows, And Hardwood Floor. Hotel-Grade Amenities Including Rooftop Patio, Gym, 24Hr Concierge. Move In Ready! Upgraded Kitchen Including Integrated Appliances (Fridge, Dishwasher, Stove, Hood Fan), Cook Top, Stacked Washer & Dryer, And Window Coverings. Steps To U Of T, The Rom, Luxurious Shopping And Restaurants.

    bay street group inc.MLS® #C11998533

    Amenities

    Indoor Parking
    Visitor Parking
    Rec Room
    Gym Room
    Concierge
    Rooftop Deck

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    U Condominium vs The Bay Street Corridor Area

    Building Trends At U Condominium

    Days on Strata

    Units at U Condominium spend an average of
    44
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    4.2
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 45 condos in the Bay Street Corridor area

    Sold Units

    20
    Units were Sold over the past twelve months

    Rented Units

    259
    Units were Rented over the past twelve months

    Best Value Rank

    U Condominium offers the
    ?
    best value out of 45 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    U Condominium has the
    ?
    highest ROI out of 45 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    U Condominium yields the
    ?
    highest rent prices out of 45 condos in the Bay Street Corridor neighbourhood

    High Demand

    U Condominium is the
    ?
    most popular building out of 45 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 1080 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$469,000$770,000$895,000 - $1,043,000$1,100,000 - $1,401,888No DataNo Data$2,718,000 - $4,200,000
    Avg. Cost Per Sqft$1,298$1,434$1,574$1,479No DataNo Data$1,136
    Avg. Wait for Unit Availability49 Days26 Days21 Days18 Days79 Days167 Days195 Days
    Ratio of Units in Building12%26%26%30%5%2%2%

    Transactions vs Inventory

    Total number of units listed and leased in Bay Street Corridor