$1,988,000 - 1080 Bay Street Unit 5302, Downtown Toronto
New Construction for Sale in Downtown Toronto
- MLS Number
- C13175080
- Property Type
- New Construction
- Status
- active
- Days on Site
- 18
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- BAY STREET INTEGRITY REALTY INC.
Welcome To Suite 5302 At 1080 Bay Street, Where Luxury Meets Location! Discover This Spectacular Southwest-Facing 2 Bedroom + Den Corner Suite Perched High Above The City In The Heart Of Downtown Toronto. Over 1,450 Sq.Ft. Of Living Space, Soaring 10-Foot Ceilings And Wraparound Floor-To-Ceiling Windows Flood The Space With Natural Light And Offer Unobstructed Panoramic Views Of The City Skyline And Lake Ontario - Visible From Every Room. The Spacious, Open-Concept Layout Features An Extra-Long Living And Dining Area, Perfect For Both Relaxing And Entertaining. The Modern Kitchen Is A Chefs Dream With Quartz Countertops And Backsplash, High-End Stainless-Steel Appliances, And A Large Center Island That Doubles As A Breakfast Bar. The Primary Bedroom Is Your Private Retreat, Complete With A Walk-In Closet And A Luxurious 4-Piece Ensuite Bath. The Versatile Den With Sliding Doors Is Ideal As A Home Office, Study, Or Third Bedroom. Walk Out To Private Balconies From Every Room And Take In The Breathtaking Views Day Or Night. Enjoy Five-Star Amenities Including A 3-Storey Grand Lobby With 24-Hour Concierge, State-Of-The-Art Fitness Centre, Yoga Studio, Steam Room, Billiards Room, Library, Party Room, Rooftop Terrace, And Visitor Parking. Located Just Steps From The Subway, Public Transit, Yorkville, The University Of Toronto, Financial District, Top-Rated Dining, Shopping, Parks, And More This Is Urban Living At Its Finest. Experience The Perfect Blend Of Luxury, Function, And Unbeatable Convenience. Your Dream Condo Awaits!
Estimate your monthly payments for this property
Estimated Payment
$8,793.59/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1080 Bay Street Unit 5302, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1420/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.