$490,000 - 633 Bay Street Unit 2405, Downtown Toronto
Condo for Sale in Downtown Toronto
74 days on market- MLS Number
- C12953544
- Property Type
- Condo
- Status
- active
- Days on Site
- 74
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- FREEMAN REAL ESTATE LTD.
Location! Location Location! Get to the Path or Subway in minutes. The Dundas Streetcar takes you across the city east and west while the Bay St bus takes you north to Yorkville or Bloor Street. This oversized one-bedroom condo is rarely available in the core. The possibilities are endless. The bedroom easily accommodates a king size bed plus furniture and includes a walk-in closet and ensuite. Both the ensuite and powder room are updated with new toilets and taps. Close the door on a large laundry room with shelves. Enjoy a formal dining room plus a spacious living room with a built-in wall unit. AMENITIES: The Club Horizon facility includes a games' room featuring a brand new pool table, foosball table and ping-pong table. Squash court, multi-use court for basketball, indoor pool, whirlpool, saunas, exercise room, theatre room with a large screen TV and DVD. Under renovation is an expansive roof garden with seating, gas barbecues and hot tub. Lockers are available for rent from the building for $85-115 per month. E-bike/bicycle parking available for $72 per year. NO BIDDING DAY.
Estimate your monthly payments for this property
Estimated Payment
$2,513.95/mo
Includes CMHC insurance ($13,671)
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.
633 Bay Street Unit 2405, 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
Competitive Pricing
At $544/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 74 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.