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    Toronto / Downtown / Bay Street Corridor

    508 - 1080 Bay St

    For RentU Condominium
    5.0
    $2,400/mth
    Price Cut: $2,500
    1 Bed
    1 Bath
    0 Parking
    592 SQFT
    41 Days on Strata
    Est Lease Timeframe
    25 Days

    Listing History

    Unit Highlights

    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Partially
    Exposure:
    North West
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Laminate, Open Concept, Built-in Range
    0 x 0ft
    Living
    Laminate, Combined with Dining, Balcony
    15.65 x 12.5ft
    Dining
    Laminate, Combined with Living, Balcony
    15.65 x 12.5ft

    About this Listing

    Bright and spacious open concept corner unit with 1 Bedroom + 1 Bath, two (2) big balconies at U Condo. Partially furnished with Murphy Queen Bed with vinyl covered mattress (No stain), sofa, end table and dining table with 4 chairs. Bedroom with huge mirror closet with washer & dryer. Bedroom has walk-out to oversized balcony for outdoor enjoyment. Modern kitchen with modern appliances. Large floor to ceiling windows providing sun-filled living space with custom blinds. Living room has a walkout to another balcony. Adjacent to St. Michaels College UofT Campus and short walk to Bloor subway. Buildings exceptional amenities include Gym, Party/Meeting Room, 24-hour concierge, library, guest suite, rooftop garden and underground visitor parking. Ready to move-in! Students are welcome.

    homelife new world realty inc.MLS® #C10421439

    Amenities

    Party Room
    BBQs Allowed
    Rooftop Deck
    Sauna
    Rec Room
    Gym Room

    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
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    243
    Units were Rented over the past twelve months

    Best Value Rank

    U Condominium offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    U Condominium has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    U Condominium yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    U Condominium is the
    ?
    most popular building out of 41 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
    Avg. Cost Per Sqft$1,275$1,431$1,591$1,480No DataNo Data$840
    Avg. Wait for Unit Availability49 Days26 Days21 Days18 Days77 Days167 Days191 Days
    Ratio of Units in Building12%26%27%30%5%2%2%

    Transactions vs Inventory

    Total number of units listed and leased in Bay Street Corridor