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$539K · 1+1 bed Condo Apartment · Unit 512, 889 Bay Street, Toronto, Ontario M5S 3K5 | HomeSearchCanada

$539,000

Unit 512

31 DOM

1+1131d

Map

DOM 31

$539,000

DOM31days

Unit 512

889 Bay Street · Toronto · Ontario M5S 3K5

MLS® C13476764 · Bay Street Corridor · M5S 3K5

1+11TenantOccupied700-799 ft²Condo Apartment1-car UndergroundNo basement31d$719/ft²$3,393 tax/yrBuilt 200323 yrs oldNo basement

31 days on market

About this home

Spacious 1+Den East-Facing Condo - Den Can Be Used as 2nd Bedroom! Bright and functional layoutwith no wasted space. Open-concept living, large windows, and generous room sizes. Den perfect for aguest room or office. 24-hr concierge, gym, and top-tier amenities. Steps to U of T, TTC, YMCA, shops &restaurants. Ideal for end-users or investors!

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Property details

MLS#: C13476764
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1+1
Baths: 1 full, 0 half
Rooms: 5
Kitchens: 1
Size: 700-799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: 2003

Occupancy: Tenant Occupied
Washrooms: 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Clear View, Public Transit

View: Clear

Condo corp #: 1245
Balcony: Open
Locker: Ensuite+Common
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Bay & Wellesley
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: REMAX YOUR COMMUNITY REALTY

Source: TRREB/PROPTX · MLS® C13476764

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$539K

Unit 512 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $539,000✓ $3,393 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,107/mo

incl. closing costs (yr 1)

Annual total

$61,284

year 1

Mortgage only

$2,045/mo

principal + interest

Beyond mortgage

$1,999/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$107,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$283/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,390/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$70/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,255

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $24,538/yr

Property taxes17% $10,648/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,390/yr

Condo fees16% $10,049/yr

Closing costs8% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$24,538	$2,045/mo
Government & taxes
Property tax	$3,393	$283/mo
Land transfer tax(closing)	$7,255	$605/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,390	$449/mo
Condo fees
Condo / HOA fees	$10,049	$837/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$61,284	$5,107/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 512

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs