Opera Place II
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889 Bay St
Opera Place II
889 Bay Stexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    98
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
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    CONDO Demand
    high
    Unit Availability
    low
    Property Type
    Condo
    Developer
    East of Bay Developments Corporation
    Condo Completion
    1999
    Property Management
    Briarlane Property Management
    Unit Size Range
    492 - 1302 SQFT
    Number of Units
    154
    Number of Storeys
    16

    889 Bay St | Opera Place II | Toronto, ON

    About this condo

    Condo Overview

    Opera Place II is located in the Bay St. Corridor, which is in the heart of downtown Toronto. Nestled in between the city’s two most integral streets, these condos are surrounded by tonnes of local amenities that include bars, restaurants, public transit, and so much more.

    889 Bay St. features a range of suites sizes, many of which are equipped with sizeable balconies and terraces. There’s also commercial retail units on the ground level that further add to the convenience of this location.

    World class public transit is right around the corner from these condos thanks to Wellesley Station, so the entire city is right at your fingertips.

    The Suites

    This tower was built following the success of Opera Place I, and it stands at 16 storeys tall and is home to 154 Toronto condos. There’s an array of suites at 889 Bay St that ranges from 538 to 1,301 square feet. There are balconies or terraces on nearly every suite, so you’ll always have plenty of outdoor space.

    Completed in 1999, these suites are larger than the majority of Toronto condos for sale on the market today. There are one-bedroom, two-bedroom, and two-bedroom plus den suites.

    There are amazing amenities at Opera Place II including a fully equipped exercise room. There’s also a 24-hour concierge who can help you take care of any problem that should arise. There’s even a Presse Cafe at ground level — so you can always pick up your morning latte on the go.

    The Neighbourhood

    889 Bay St. is located in the Bay Corridor, which, in many ways, is the nerve centre of downtown Toronto. Yonge Street is lined with shops, restaurants, bars, and so much more. Whether it’s McDonalds or the classic dining experience at Carmen’s Steak House, you’ll be able to find what you’re looking for.

    Residents will be lucky to have a premier shopping centre only a 15 minute walk away. The Toronto Eaton Centre has over 2 million square feet of retail space that encompasses 235 stores and services. Boutique clothing stores, specialty stores and a world class food court can all be found here.

    These condos could be a great home for students because Opera Place II is centrally located to the urban university campuses. The University of Toronto is the country’s largest and most prestigious school, and 889 Bay St. is only a 10 minute walk away. Ryerson University is the home of the Ted Rogers School of Management, and it’s only a 15 minute walk away.

    Some of the city’s best cultural institutions are located right around the corner on Yonge. Elgin and Winter Garden Theatre, Ed Mirvish Theatre and Massey Hall all play regular host to Broadway shows and big ticket bands, so you’ll always want to watch what’s coming to town.

    Transportation

    Wellesley is the closest subway station, and this acts as the main transit gateway to the rest of the city for 889 Bay St. If you head southward, the route loops around the Financial District, which is one of the major employment hubs of the city.

    If you head north at Wellesley, you’ll hit Bloor-Yonge Station in one stop. This is the busiest subway station in the city because it’s the central transfer station. This is where you can transfer from Line 1 Yonge-University to Line 2 Bloor-Danforth. There’s also a streetcar that careens down the College/Carlton corridor. This is easiest way to travel in an east-west direction in downtown Toronto.

    Drivers can drive down Bay Street to easily get onto the Gardiner Expressway. This is an arterial highway that makes it easy to reach the different parts of downtown. It also connects to the Don Valley Parkway, putting the entire GTA within reach.

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    Amenities

    Security System
    Underground Parking
    Gym
    Recreation Room
    Party/Meeting Room
    Guest Suites
    Visitor Parking
    Concierge

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Opera Place II vs The Bay St. Corridor Area

    $102.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Opera Place II's Avg
    price per SQFT
    $1,006
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,108
    / SQFT

    Building Trends At Opera Place II

    Days on Market

    Units at Opera Place II spend an average of
    19
    Days on Market
    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 an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    19th
    Highest price per SQFT out of 31 condos in the Bay St. Corridor area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    34
    Units were Rented over the past twelve months

    Best Value

    Opera Place II offers the
    ?
    best value out of 31 condos in the Bay St. Corridor neighbourhood

    Return on Investment

    Opera Place II has the
    ?
    highest ROI out of 31 condos in the Bay St. Corridor neighbourhood

    Rental Yield

    Opera Place II yields the
    ?
    highest rent prices out of 31 condos in the Bay St. Corridor neighbourhood

    High Demand

    Opera Place II is the
    ?
    most popular building out of 31 condos in the Bay St. Corridor neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed508 - 1100 SQFT
    Average Cost Per Sqft$1,019
    Sales Price Range$642,000 - $650,000
    Rental Price Range$1,700 - $2,700
    1 Bed + Den705 - 775 SQFT
    Average Cost Per Sqft$919
    Sales Price Range$688,000 - $688,000
    Rental Price Range$1,950 - $2,200
    2 Bed841 - 1021 SQFT
    Average Cost Per Sqft$1,065
    Sales Price Range$1,020,000 - $1,020,000
    Rental Price Range$2,250 - $3,000
    2 Bed + Den1120 - 1128 SQFT
    Average Cost Per Sqft$1,000
    Sales Price Range$1,140,000 - $1,140,000
    Rental Price Range$3,300 - $3,300
    3 Bed957 - 1000 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$3,900 - $4,200

    How Often Are Units Listed?

    1 Bed500 - 1100 SQFT
    Average Sales Availability
    Every149Days
    Average Rental Availability
    Every54Days
    Ratio of Unit Type in Building35%
    1 Bed + Den630 - 830 SQFT
    Average Sales Availability
    Every402Days
    Average Rental Availability
    Every99Days
    Ratio of Unit Type in Building22%
    2 Bed840 - 1100 SQFT
    Average Sales Availability
    Every181Days
    Average Rental Availability
    Every56Days
    Ratio of Unit Type in Building36%
    2 Bed + Den1119 - 1302 SQFT
    Average Sales Availability
    Every448Days
    Average Rental Availability
    Every373Days
    Ratio of Unit Type in Building8%
    3 Bed957 - 1000 SQFT
    Average Sales Availability
    Every219Days
    Average Rental Availability
    Every493Days
    Ratio of Unit Type in Building2%

    Maintenance Fees
    Opera Place II vs The Bay St. Corridor Area

    $0.02
    Less Expensive
    per SQFT compared to the neighbourhood average
    Opera Place II's Avg
    monthly maintenance
    fee per SQFT
    $0.75
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.77
    / SQFT

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