$838,000 - 770 Bay Street Unit 2302, Downtown Toronto
Condo for Sale in Downtown Toronto
64 days on market- MLS Number
- C12989204
- Property Type
- Condo
- Status
- active
- Days on Site
- 64
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- JDL REALTY INC.
Welcome to Menkes Lumiere Residences, a rare opportunity to own a beautifully upgraded home in the heart of downtown Toronto. This freshly painted (2026) 2-bedroom, 2-bathroom suite offers 763 sq. ft. of well-designed living space with a functional split-bedroom layout and northeast exposure, featuring unobstructed views of Queen's Park, the city skyline, and Bay Street corridor. Approximately 10-ft smooth ceilings and floor-to-ceiling windows fill the home with natural light, creating a bright and open feel throughout. Extensively renovated in 2024 with over $60,000 invested, the unit showcases a fully redesigned kitchen with new cabinetry, countertops, and appliances, along with updated bathrooms, new luxury waterproof vinyl floor, and quality finishes throughout, truly move-in ready!!! Owner-occupied and meticulously maintained, this is a standout unit rarely offered in the building. Located at College Park, just steps to the subway, with everyday essentials, dining, and major hospitals all within walking distance. Enjoy unmatched convenience in one of Toronto's most sought-after locations, just moments from U of T, TMU, Yorkville, and the Financial District. Residents benefit from full amenities including an indoor pool, fitness centre, games room, and guest suites. Includes 1 parking space and 1 locker. A must-see for buyers seeking quality, location, and long-term value.
Estimate your monthly payments for this property
Estimated Payment
$4,299.37/mo
Includes CMHC insurance ($23,380)
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.
770 Bay Street Unit 2302, 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 $1197/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.
Negotiation Opportunity
At 64 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 700 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.
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 $3,492 (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.