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    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    29
    Number of Units:
    463
    Condo Completion:
    2013
    Condo Demand:
    No Data
    Unit Size Range:
    382 - 1,415 SQFT
    Unit Availability:
    Low
    Property Management:
    No Data

    Listing History for Motion

    Receive listing updates for Bay Street Corridor

    Amenities

    Gym Room
    Party Room
    Rec Room
    Media Room
    Games Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 570 Bay StreetMotion

    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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    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    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!

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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.

    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%

    Days on Strata

    Units at Motion spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

    Motion is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 570 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo DataNo DataNo DataNo DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo DataNo DataNo DataNo Data
    Avg. Wait for Unit AvailabilityNo DataNo DataNo DataNo DataNo DataNo Data
    Ratio of Units in Building31%35%6%24%4%3%

    Unit Sales vs Inventory

    Total number of units listed and sold in Bay Street Corridor