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Unit 205, 801 Bay Street, Bay Street Corridor M5S 1Y9

Price

$674,900

Bedrooms

1 Beds

Bathrooms

2 Baths

Size

700-799 sqft

Year Built

16-30

Property Type

Condo

Property Taxes

$3144.54

Description

Spacious 1+1 Bedroom, 2 Bathroom Suite at The Royalton! Prime Investment Opportunity with Strong Rental Income Potential. Rare opportunity to own in this highly sought-after, well-managed building in a high-demand Toronto location. This bright and functional 1-bedroom + large den layout with two full bathrooms offers excellent cash flow potential, and long-term appreciation value. The oversized den comfortably fits a bed, making it a true second bedroom or office space. The enclosed sunroom adds additional space, perfect for those working from home. Featuring floor-to-ceiling windows, an open-concept living and dining area, and a full-sized kitchen with ample cabinetry, breakfast bar, and updated stainless steel appliances. A separate in-suite laundry room provides added convenience and storage. The primary bedroom offers south-facing views and a private ensuite. Steps to TTC transit, universities, major hospitals, shopping, and restaurants. This is a turnkey investment property in a prime downtown location with excellent tenant appeal and strong resale value. A smart addition to any real estate portfolio. **Washer/Dryer have just been replaced and are included with the unit.

Sale history for

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$0 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$539,920

Total Interest Payments

$332,894

Total Payment (Principal + Interest)

$872,814

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

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Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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