$1,975,000 - 311 Bay Street Unit 3401, Downtown Toronto
Condo for Sale in Downtown Toronto
40 days on market- MLS Number
- C13094328
- Property Type
- Condo
- Status
- active
- Days on Site
- 40
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Experience world-class luxury in this exceptional residence at the prestigious St. Regis Residences in the heart of Toronto's Financial District. Perched high above the city, Suite 3401 offers breathtaking skyline views, refined custom finishes, and an uncompromising standard of elegance in one of Toronto's most exclusive addresses.A grand foyer creates an unforgettable first impression, featuring an expansive entertaining bar with dual Sub-Zero wine fridges, idea for hosting. Polished marble floors and 10-foot coffered ceilings enhance the sense of space and architectural refinement throughout the principal areas. Freshly painted throughout, the home presents beautifully and is truly move-in ready.Floor-to-ceiling windows flood the home with natural light and are complemented by power-operated blackout blinds throughout. The gourmet chef's kitchen showcases premium cabinetry, stone surfaces, and Miele integrated appliances.The luxurious primary suite offers a tranquil retreat with his/her closet space and a five piece spa-inspired ensuite. The second bedroom doubles as a dressing area or guest suite, featuring extensive custom cabinetry and a built-in Murphy bed, providing both beauty and versatility.Residents enjoy five-star hotel-style amenities including concierge, valet parking, spa, fitness facilities, and indoor pool, delivering an elevated lifestyle in a premier downtown location with direct access to the PATH, fine dining, luxury shopping, and the Financial District just steps away.Suite 3401 represents a rare opportunity to own a customized luxury residence offering privacy, prestige, and turnkey living in one of Toronto's most prestigious addresses.
Estimate your monthly payments for this property
Estimated Payment
$8,736.09/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.
311 Bay Street Unit 3401, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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
Fair Market Value
At $988/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 40 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $8,229 (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.