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$548,000
The Residences of College Park II · 761 Bay Street · Toronto · Ontario M5G 2R2
95 days on market
Nestled in the vibrant and highly coveted Bay Street Corridor of Toronto, this spacious 1 bedroom unit with a Functional Open Concept Layout W/615 Sf Living Space. Step outside onto your oversized 57 Sq Ft Open Balcony for some fresh air on the 31st Floor! Prime Location With A Walkscore of 95, Minutes From The Financial District, Eaton Centre, U of T, Ttc, Farm Boy Grocery, Banks & Much More. Great For Investors, Young Professionals And Students Looking To Be Close To The Core With Easy Accessi…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: NU STREAM REALTY (TORONTO) INC.
Source: TRREB/PROPTX · MLS® C13583658
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $24,947 | $2,079/mo |
| Government & taxes | ||
| Property tax | $3,623 | $302/mo |
| Land transfer tax(closing) | $7,435 | $620/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%) | $5,480 | $457/mo |
| Condo fees | ||
| Condo / HOA fees | $7,163 | $597/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 | $59,308 | $4,942/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.