Maintenance Fees
U Condominium vs The Bay Street Corridor Area
508 - 1080 Bay St
$2,2501 bd1 ba0 pk592 sqft
For RentU Condominium
4.7
4 Days on Strata
$2,250/mth
1 Bed
1 Bath
0 Parking
592 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
April 15, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
Partially
Exposure:
North West
Locker:
None
Laundry:
Main
Amenities
Indoor Parking
Visitor Parking
BBQs Allowed
Rec Room
Party Room
Security System
Rooftop Deck
Gym
Concierge
Sauna
About this Listing
Bright and spacious open concept corner unit with 1 Bedroom + 1 Bath, two (2) big balconies at U Condo. Partially furnished with Murphy Queen Bed, sofa, end table and dining table with 4 chairs. Bedroom with huge mirror closet with washer & dryer. Bedroom has walk-out to oversized balcony for outdoor enjoyment. Modern kitchen with modern appliances. Large floor to ceiling windows providing sun-filled living space with custom blinds. Living room has a walkout to another balcony. Adjacent to St. Michael's College UofT Campus and short walk to Bloor subway. Building has exceptional amenities including Gym, Party/Meeting Room, 24-hour concierge, library, guest suite, rooftop garden and underground visitor parking. Ready to move-in! Students are welcome.
ExtrasPartial Furniture Includes: Murphy Bed and plastic covered Mattress, Round Glass Dining Table, 4 White Dining Chairs, White Coffee Table, Black Night Table, Round Glass Side Table and Couch.
homelife new world realty inc.MLS® #C12084876
Fees & Utilities
Utilities Included
Rent Includes
Heat
Water
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Kitchen
Laminate, Open Concept, Built-in Range
0 x 0ft
Living
Laminate, Combined with Dining, Balcony
15.65 x 12.5ft
Dining
Laminate, Combined with Living, Balcony
15.65 x 12.5ft
Primary
Laminate, Closet, Balcony
9.74 x 10.99ft
Bathroom
4 Piece Bath
0 x 0ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
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9/10
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7/10
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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
42
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
5%
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
-9%
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
17
Units were Sold over the past twelve months
Rented Units
275
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 | $4,200,000 |
| Avg. Cost Per Sqft | $1,298 | $1,431 | $1,590 | $1,454 | No Data | No Data | $1,433 |
| Price Range | $1,925 - $2,550 | $2,250 - $3,200 | $2,500 - $3,450 | $2,700 - $4,500 | $5,500 - $7,800 | No Data | $10,000 |
| Avg. Wait for Unit Availability | 49 Days | 26 Days | 21 Days | 18 Days | 79 Days | 167 Days | 208 Days |
| Avg. Wait for Unit Availability | 9 Days | 5 Days | 5 Days | 5 Days | 37 Days | 317 Days | 501 Days |
| Ratio of Units in Building | 12% | 26% | 26% | 30% | 5% | 2% | 2% |
Market Inventory
Total number of units listed and leased in Bay Street Corridor
