887 Bay Street, Unit #708
887 Bay Street, Unit #708
$559,000
$871/sq ft · 3 days on market
About This Listing
Welcome to this beautifully updated 1-bedroom + den suite in the heart of downtown Toronto. Originally designed as a one-bedroom residence, the interior partition wall was removed to create a bright, spacious, loft-inspired open-concept layout, maximizing natural light and flexibility while offering potential for future reconfiguration, subject to buyer preferences and any applicable condominium requirements. (Note: The partition wall was removed by a previous owner prior to the Seller's 2016 purchase.) Offering 644 sq. ft. of functional living space, the suite features an exceptionally wide 21-ft living and dining area with rare unobstructed west-facing views overlooking Bay Street and green space, providing exceptional privacy, treetop views, and abundant afternoon sunshine. Extensively renovated throughout, the suite features fresh paint, new interior doors, upgraded lighting, brand-new blinds, and distinctive French Country-inspired artisan tile flooring. The spa-inspired bathroom features a frameless glass shower, American Standard toilet, Moen matte-black fixtures, quartz vanity, smart anti-fog LED mirror, and contemporary finishes. The modern kitchen offers quartz countertops and sleek wall-mounted cabinetry, while the original bedroom area includes a spacious walk-in closet. A separate den provides flexible space for a home office, study, dressing area, or additional storage. Parking and locker are included-a rare combination in downtown Toronto. Maintenance fees include heat, hydro, water, and air conditioning for lower monthly expenses. Ideally located steps to the University of Toronto, TMU, Queen's Park, subway stations, Eaton Centre, restaurants, shopping, and entertainment, this turnkey home combines generous living space, abundant natural light, exceptional storage, and an unbeatable location-an outstanding opportunity for professionals, first-time buyers, young couples, students, or investors.
Amenities
| Monthly Mortgage (P&I) | $2,436 |
| Property Tax (MLS) | $267 |
| Maintenance Fees | $762 |
| Total Monthly Cost | $3,465 |
Down payment: $111,800 (20.0%) · Mortgage: $447,200
Property tax uses MLS annual tax of $3,200/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
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Data last updated: August 23, 2026 at 04:26 a.m.