Condo for sale at 506-887 Bay Street, Toronto, Ontario, M5S 3K4 - Bay Street Corridor - MLS: C12436064

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506-887 Bay Street

Toronto, Ontario, M5S 3K4 - Bay Street Corridor

$999,000

Neighbourhood

Bay Street Corridor
Major Intersection

Bay/Wellesley

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Condo Apt, 1 Storey/Apt
Bedrooms

2
Bathrooms

2
Square Feet

1000-1199
Exposure

South West
Total Parking

1 Underground Garage
Maintenance

$1,110
Taxes

$4,676.00 (2025)
Balcony

Open

Property Description

Property description for 506-887 Bay Street, Toronto

Welcome to this beautifully renovated condo in the highly sought-after Opera Place. This bright and sunny suite features a desirable split-bedroom layout, perfect for privacy and functionality. The open-concept living and dining area provides an ideal space for entertaining, with a seamless flow onto a spacious, oversized balcony that is perfect for enjoying morning coffee or sunsets with a view of the CN Tower and Queen's Park. The modern kitchen boasts granite countertops, ample cabinetry, and a stylish, contemporary design. The stainless steel appliances are two years old. Enjoy the convenience of two full bathrooms, including a stunning ensuite with a luxurious soaker tub and shower. Convenient laundry closet with extra storage. Fully renovated with high-end finishes, this home features large windows that provide an abundance of natural light, generously sized bedrooms, and ample closet space. Unbeatable Location: Just steps to the University of Toronto, Toronto Metropolitan University, YMCA, Hospital Row, the Financial District, subway, shopping, dining, and more. Ideal for professionals, students, and anyone seeking a vibrant downtown lifestyle. *this property has been virtually staged*

Listed by MARTIN GROUP

Property details

MLS #

C12436064
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Exclusive
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Hydro, Parking, Water
Property Management

AA Property Managment
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

MLS #

C12436064
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Exclusive
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Hydro, Parking, Water
Property Management

AA Property Managment
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

Living

3.23 x 3.65 ft Main level

Vinyl Floor
Dining

3.23 x 3.0 ft Main level

Vinyl Floor
Kitchen

2.62 x 2.44 ft Main level
Primary

4.27 x 3.14 ft Main level

Vinyl Floor
2nd Br

3.61 x 2.74 ft Main level

Vinyl Floor

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 506-887 Bay Street, Toronto

This property has been sold 5 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Local Real Estate Price Trends for Condo Apt in Bay Street Corridor

Active listings

223

Average Selling Price of a Condo Apt

September 2025

$929,823

Last 3 Months

$818,535

Last 12 Months

$830,861

September 2024

$814,039

Last 3 Months LY

$808,053

Last 12 Months LY

$872,137

Change

14%

Change

-5%

Historical Average Selling Price of a Condo Apt in Bay Street Corridor

Average Selling Price

3 years ago

$869,993

Average Selling Price

5 years ago

$925,062

Average Selling Price

10 years ago

$617,207

Change

51%

Number of Condo Apt Sold

September 2025

Last 3 Months

Last 12 Months

September 2024

Last 3 Months LY

Last 12 Months LY

Change

-9%

Change

How many days Condo Apt takes to sell (DOM)

September 2025

Last 3 Months

Last 12 Months

September 2024

Last 3 Months LY

Last 12 Months LY

Change

26%

Change

26%

Average Selling price

Inventory Graph

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.