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    Toronto / Downtown / Bay Street Corridor

    2602 - 1080 Bay St

    For SaleU Condominium
    $1,299,900
    Price Cut: $1,459,900
    2 Beds
    2 Bath
    1 Parking
    900 SQFT
    99 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $732/mth
    Taxes:
    $5,307 (2024)
    Cost Per Sqft:
    $1,444/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    TBD/Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Windows Floor to Ceiling, Se View
    15.49 x 11.98ft
    Dining
    Hardwood Floor, Combined with Kitchen, South View
    10.56 x 7.05ft
    Kitchen
    Built-in Appliances, Quartz Counter, Centre Island
    10.56 x 7.05ft

    About this Listing

    Prime Location - Famous " U Condo" in the Heart of Downtown Toronto. High Level Corner unit with Unobstructed South & East View!! Approx. 900 S.F + 277 S.F Large Balcony. 9' Smooth Ceiling. Split 2 Bedroom w/ 2 washroom & 2 Separate Balconies. Bright & Spacious with Floor to Ceiling Windows all around. Engineer Hardwood Flooring Throughout. Modern kitchen with Quartz Counter/Backsplash, Lightings & B/I Appliances. Large Centre Island. Freshly New Paint Throughout. Breathtaking Downtown City view & Partial Lake view. Steps to Bus Stop & Subways, Close to Yorkville & U of T. Mins to Financial District.

    Extras** 1 Parking & 1 Locker included ** Great Amenities: 3 storeys Grand Lobby with 24 hrs Concierge, Fitness Centre w/ Cardio & Exercise Room, Yoga Studio, Steam Room, Billiards Room, Library, Party Room, Roof Top Terrace & Visitor Parking .

    royal lepage new conceptMLS® #C9050755

    Amenities

    Security System
    Rooftop Deck
    Visitor Parking
    Sauna
    Indoor Parking
    Gym Room

    Explore Neighbourhood

    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!

    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

    U Condominium vs The Bay Street Corridor Area

    Building Trends At U Condominium

    Days on Strata

    Units at U Condominium spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance 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 again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    234
    Units were Rented over the past twelve months

    Best Value Rank

    U Condominium offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    U Condominium has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    U Condominium yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    U Condominium is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 1080 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$469,000$850,000 - $902,000$875,000 - $1,043,000$1,080,000 - $1,401,888No DataNo Data$2,718,000
    Avg. Cost Per Sqft$1,275$1,568$1,548$1,494No DataNo Data$840
    Avg. Wait for Unit Availability49 Days24 Days20 Days18 Days77 Days167 Days191 Days
    Ratio of Units in Building12%26%27%30%5%2%2%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor