Maintenance Fees
U Condominium vs The Bay Street Corridor Area
505 - 1080 Bay St
$968,0001 bd1 ba1 pk694 sqft
For SaleU Condominium
4.7
110 Days on Strata
$968,000
Price Cut: $1,088,000
Price Cut: $1,088,000
1 Bed + 1
1 Bath
1 Parking
694 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$545/mth
Taxes:
$3,920 (2024)
Cost Per Sqft:
$1,395/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
West
Possession Date:
March 18, 2025
Laundry:
Ensuite
Amenities
BBQs Allowed
Rec Room
Indoor Parking
Security System
Sauna
Concierge
Party Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
EExquisite 1 Bedroom Plus Den Suite At Prestigious U Condominiums. Clear Urban City View from Large 132 Sq Ft Walk-Out Balcony Overlooking U of T Campus. Gorgeous Luxury West Facing 1 Bedroom + Large Den That Could Be Used As A 2nd Bedroom. The Unit Has A Large Balcony With Unobstructed Views! Floor To Ceiling Windows W/ Great Natural Lighting. 9 Ft Ceilings, Completely Upgraded Suite! Absolutely Ready For You To Move In. Steps To University Of Toronto, Yorkville, Bloor St, Subway Station, Restaurants, Upscale Shopping & Much More! **EXTRAS** Full Service Building Offers 24Hr Concierge, Gym, Outdoor Patio, Rooftop Deck, Meeting/Party Room, Bike Storage & Visitor Parking.
ExtrasALL Existing Appliances : Fridge, Stove & Hood, B/I Microwave, B/I Dishwasher, Washer & Dryer, All Light Fixtures, All Window Coverings,1 Parking Included.
forest hill real estate inc.MLS® #C11896206
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Living
Wood Floor, Walkout To Balcony
11.58 x 11.58ft
Dining
Wood Floor, Combined with Living, Open Concept
11.58 x 11.58ft
Kitchen
Wood Floor, Centre Island
15.19 x 11.58ft
Primary
Wood Floor, Windows Floor to Ceiling, Large Closet
11.58 x 9.58ft
Den
Wood Floor, Separate Room, Sliding Doors
8.83 x 9.58ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
9/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
Your bike's the trusty steed in this urban jungle — giddy up!
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
15,057
Average Individual Income
$63,504
Average Household Size
3 persons
Average Age
43
Average Household Income
$103,909
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
45%
Semi Detached
23%
Detached
21%
Low Rise Apartment
6%
Duplex
2%
Marital Status
Commute
Languages (Primary Language)
Other
74%
Mandarin
13%
Cantonese
7%
Tagalog
2%
Telugu
1%
Arabic
1%
Hindi
1%
Spanish
1%
Education
University and Above
46%
High School
20%
College
15%
None
12%
Apprenticeship
2%
University Below Batchelor
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
20%
Health & Related Fields
11%
Social Sciences
11%
Math & Computer Sciences
10%
Humanities
6%
Physical Sciences
5%
Education
3%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At U Condominium
Days on Strata
Units at U Condominium spend an average of
43
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Bay Street Corridor
Turnover of Units
On average, each unit is owned for
4.2
YEARS before being sold againProperty Value
-11%
Decrease in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 45 condos in the Bay Street Corridor area
Sold Units
19
Units were Sold over the past twelve months
Rented Units
277
Units were Rented over the past twelve months
Best Value Rank
U Condominium offers the best value out of 45 condos in the Bay Street Corridor neighbourhood
?
Appreciation Rank
U Condominium has the highest ROI out of 45 condos in the Bay Street Corridor neighbourhood
?
Rental Yield
U Condominium yields the highest rent prices out of 45 condos in the Bay Street Corridor neighbourhood
?
High Demand
U Condominium is the most popular building out of 45 condos in the Bay Street Corridor neighbourhood
?
Market Insights
Transaction Insights at U Condominium
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|---|
| Price Range | $469,000 | $770,000 | $895,000 - $1,043,000 | $1,100,000 - $1,398,000 | No Data | No Data | $2,718,000 - $4,200,000 |
| Avg. Cost Per Sqft | $1,298 | $1,431 | $1,573 | $1,463 | No Data | No Data | $1,136 |
| Price Range | $1,925 - $2,550 | $2,250 - $3,200 | $2,500 - $3,450 | $2,700 - $4,500 | $5,500 - $7,800 | $6,300 | $10,000 |
| Avg. Wait for Unit Availability | 49 Days | 26 Days | 21 Days | 18 Days | 79 Days | 167 Days | 195 Days |
| Avg. Wait for Unit Availability | 9 Days | 5 Days | 5 Days | 5 Days | 37 Days | 326 Days | 501 Days |
| Ratio of Units in Building | 12% | 26% | 26% | 30% | 5% | 2% | 2% |
Market Inventory
Total number of units listed and sold in Bay Street Corridor
