570 Bay Street
Building Details
Listing History for Motion
Amenities
Maintenance Fees
About 570 Bay Street — Motion
Building a condo at the corner of Bay and Dundas is no easy feat — prospective buyers expect nothing shy of the best when shopping for Toronto condos for sale in the heart of the downtown core. Thankfully, Concert Properties Ltd. stepped up their game when building Motion in 2013. The developer still manages the building to this day, and even offers an Concert On-Call service that can be used by residents 24/7.
Concert contracted IBI Group to design the building at 570 Bay Street, while NAK Design Group took on the landscape architecture. The result is an ultramodern 29-storey structure with black and white rectangular details and plenty of glass. While Motion certainly isn’t amongst the tallest condos in the city, its sizeable footprint means there’s space for just shy of 500 downtown Toronto condos inside.
Those more concerned with carbon footprints will also be satisfied with the measures taken by the developers and architects behind Motion. Not only did the building receive a gold certification from LEED, it also aims to adhere to a high level of voluntary standards set by Toronto Green Standard.
And now that we’ve covered the building’s dedication to combating climate change, it’s time to move onto the good stuff. Residents living at 570 Bay have an array of amenities at their disposal, which we’ll go ahead and list in no particular order.
The building is equipped with a party room, cinema, library, multiple common terraces — some with barbecues — a games room, a business centre, and a gym. Residents can also make use of the building’s bicycle parking and storage lockers, plus there are even some parking spaces for Zipcars in the garage. And for added convenience, there’s nearly 12,000 square feet of retail space on the ground level of Motion.
The Suites
With 463 Toronto condos spread throughout the building, it shouldn’t be all that surprising to hear that there’s a great deal of variation from home to home. The building is outfitted with studios, one bedroom, one plus den, two bedroom, and two bedroom plus den units. That said, a great deal of the homes are studio or one bedroom suites, meaning larger units may not appear on the market as often as smaller ones.
Many suites at Motion also boast private outdoor spaces, in the form of balconies or terraces. Layouts are generally open concept, with some kitchens even boasting sizeable islands, and energy efficient appliances are the norm throughout the building.
The Neighbourhood
Motion is a name that perfectly sums up the atmosphere of Toronto’s City Centre neighbourhood: residents quickly find that the area around them seems to never stop moving.
The first thing prospective buyers will probably notice about the area is that the Eaton Centre is right across the street. Shoppers can spend entire days meandering around the seemingly endless shops inside, and of course the mall also contains plenty of restaurants.
Those looking to immerse themselves in some culture during their free time have a number of options within walking distance. Residents living at 570 Bay never need to worry about finding a parking spot when attending events at venues like the Four Seasons Centre for the Performing Arts, Massey Hall, or the Elgin and Winter Garden Theatre Centre. And to top it all off, the Ryerson Image Centre and the Art Gallery of Ontario are also both just a 10-minute walk away from Motion.
Transportation
Traveling to and from 570 Bay is simple, thanks to its central location in downtown Toronto. Living right at the intersection of Bay and Dundas means quick and easy access to buses heading north and south along the former and streetcars moving east and west on the latter.
Reaching the subway also takes no time at all: Dundas Station is a 4-minute walk away from 570 Bay. From there, residents can hop onto trains moving north or south along the Yonge line.
Those with cars of their own will have to get used to the congested roads of the downtown core, however they’ll quickly learn some tricks for navigating the immediate area. For example, those heading out on longer journeys can use Bay to reach the Gardiner Expressway—a fast-paced highway that carries cars east and west along the southern edge of the city.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Building Trends At Motion
Days on Strata
List vs Selling Price
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Transaction Insights at 570 Bay Street
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|---|
Price Range | No Data | No Data | No Data | No Data | No Data | No Data |
Avg. Cost Per Sqft | No Data | No Data | No Data | No Data | No Data | No Data |
Price Range | $2,050 - $2,235 | $2,425 - $2,540 | No Data | $3,260 - $3,440 | $4,200 - $4,300 | No Data |
Avg. Wait for Unit Availability | No Data | No Data | No Data | No Data | No Data | No Data |
Avg. Wait for Unit Availability | 87 Days | 220 Days | 313 Days | 104 Days | 150 Days | No Data |
Ratio of Units in Building | 31% | 35% | 6% | 24% | 4% | 3% |
Unit Sales vs Inventory
Total number of units listed and sold in Bay Street Corridor