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    Toronto / Downtown / Bay Street Corridor

    605 - 887 Bay St

    For RentOpera Place I Condos
    $3,300/mth
    2 Beds
    2 Bath
    1 Parking
    841 SQFT
    2 Days on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Possession Date:
    May 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    Yes
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    South
    Locker:
    Owned
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Walkout To Balcony
    17.95 x 9.94ft
    Dining
    Hardwood Floor, Combined with Living
    17.95 x 9.94ft
    Kitchen
    Built-in Dishwasher, Backsplash
    7.58 x 7.51ft

    About this Listing

    The Prestigious Opera Place. Bright & Airy South Facing Suite With 2 Walkouts To Balcony! Fantastic Open Concept Floor Plan. 2 Bedroom With 2 Washrooms. Huge Primary Bdrm Retreat. Newer S/S Samsung Appl's. Parking And Locker. ** ALL UTILITIES INCLUDED ** Well Maintained Building + First Class 24 Hr Concierge. Unbelievable Location In The Financial Hub + World Renowned Hospital District, Stroll To Fashionable Yorkville , Dundas Sq, U Of T, Toronto Metropolitan U , Toronto's Best Shopping On Bloor St ,Top Restaurants, Surrounded By Transit - TTC , Subway And Union Station Minutes Away.

    royal lepage signature realtyMLS® #C12012349

    Amenities

    Visitor Parking
    Rec Room
    Party Room
    Media Room
    Security System
    Indoor Parking

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    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!

    Similar Listings

    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
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    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%

    Price Trends

    Maintenance Fees

    Opera Place I Condos vs The Bay Street Corridor Area

    Building Trends At Opera Place I Condos

    Days on Strata

    Units at Opera Place I Condos spend an average of
    36
    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 a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    7.2
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    26th
    Highest price per SQFT out of 45 condos in the Bay Street Corridor area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    27
    Units were Rented over the past twelve months

    Best Value Rank

    Opera Place I Condos offers the
    ?
    best value out of 45 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Opera Place I Condos has the
    ?
    highest ROI out of 45 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Opera Place I Condos yields the
    ?
    highest rent prices out of 45 condos in the Bay Street Corridor neighbourhood

    High Demand

    Opera Place I Condos is the
    ?
    most popular building out of 45 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 887 Bay Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$605,000 - $610,200$630,000$685,000 - $918,000No Data
    Avg. Cost Per Sqft$910$841$876No Data
    Avg. Wait for Unit Availability186 Days223 Days223 Days532 Days
    Ratio of Units in Building50%19%26%7%

    Transactions vs Inventory

    Total number of units listed and leased in Bay Street Corridor