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    Toronto / Downtown / Bay Street Corridor

    701 - 750 Bay St

    For SaleThe Penrose
    $519,000
    Price Cut: $525,500
    1 Bed
    1 Bath
    1 Parking
    560 SQFT
    16 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $721/mth
    Taxes:
    $2,318 (2024)
    Cost Per Sqft:
    $927/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    East
    Possession Date:
    October 20, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Laminate, Picture Window
    16.34 x 13.48ft
    Dining
    Combined with Living, Laminate
    16.34 x 13.48ft
    Kitchen
    Marble Floor, Breakfast Bar, Updated
    9.19 x 7.87ft

    About this Listing

    Do you need a very affordable downtown core location with a separate bedroom, good sized living area, owned parking and locker, all utilities included and tremendous recreation/ communal amenities all in a prestigious Bay St building ? Welcome to unit 701 at 750 Bay St ! Bright and sunny with a east view towards College Park this junior 1 Bed, 1 Bath unit is approximately 560 Sqft unit that maximizes its space with the ideal floorplan to were you live . Just updated with new flooring and updated kitchen cupboards the open concept kitchen has a large breakfast bar overlooking the Liv/Din Area. The Penrose is a sophisticated building situated In the heart of the city with a 100 Transit & 99 Walk Score and walking distance to University Of Toronto, Ryerson University, 5 major hospitals, Eaton Centre, financial Core, City Hall and all the entertainment you need! Extensive amenities include 24 Hr Security, gym, full sized Indoor pool, sauna, whirlpool, steam room, outside running track, party rooms and bike storage. Condo fees Includes everything hydro, water, heat and Cac ! A well run building with excellent property management & friendly staff. Worth viewing !

    Extras24 Hr Security And Visitor Prkg.`

    homelife integrity realty inc.MLS® #C9418476

    Amenities

    Gym Room
    Concierge
    Party Room
    Lap Pool
    Bike Storage
    Indoor Pool

    Explore Neighbourhood

    9/10
    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
    The bike lane starts to feel like a second home.

    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

    The Penrose vs The Bay Street Corridor Area

    Building Trends At The Penrose

    Days on Strata

    Units at The Penrose spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    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
    5.3
    YEARS before being sold again

    Property Value

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

    Price Ranking

    32nd
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    21
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 750 Bay Street

    Studio1 Bed2 Bed2 Bed + Den
    Price RangeNo Data$570,000 - $650,000$660,000 - $838,000No Data
    Avg. Cost Per SqftNo Data$921$794No Data
    Avg. Wait for Unit AvailabilityNo Data86 Days89 Days364 Days
    Ratio of Units in Building2%42%46%12%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor