Bay Street Corridor Real Estate
Located between University Avenue and Yonge Street and Bloor St and Front Street is one of the city’s busiest North-South arteries. At the south end of this corridor is Toronto’s Financial District, the most densely built-up area of Toronto, home to Canada’s 5 big banks, corporate headquarters, legal and accounting firms, insurance companies and stockbrokers. Most buildings in Toronto's core are connected by a system of underground walkways, known as PATH, which is lined with retail establishments making the area one of the most important shopping districts in Toronto. To the north lies the neighbourhood now referred to as South Yorkville. The main draw continues to be the fine shopping along Bloor Street, including The Manulife Centre and the high end “Windsor Arms Hotel”. Significant condominium development south on Bay Street boomed during the 1990s and construction continues on large, 40-plus storey condominiums and multi-use buildings today, including the Aura Tower (when finished it will be the tallest residential tower in Canada - at least temporarily). The area attracts many who work in the financial district as well as those who work in the nearby hospitals and schools (Ryerson University and the University of Toronto). More than 67% (or 10,380) of residents in this area are in the working ages of 25-64.
Significant Sales: In the Bay Street Corridor you can purchase a 450 square foot bachelor apartment in a new building like 111 Elizabeth St, located near Bay and Dundas, for as little as $275,000 which includes parking. Closer to Bloor St, in South Yorkville, there are several luxury buildings such as 1 St Thomas St. where a recent 3600 square foot condo sold for $3.7 million. In both cases, these newer buildings have good amenities like full time concierge, gym, party and meeting rooms, a pool, and guest suites.
Significant Sales: In the Bay Street Corridor you can purchase a 450 square foot bachelor apartment in a new building like 111 Elizabeth St, located near Bay and Dundas, for as little as $275,000 which includes parking. Closer to Bloor St, in South Yorkville, there are several luxury buildings such as 1 St Thomas St. where a recent 3600 square foot condo sold for $3.7 million. In both cases, these newer buildings have good amenities like full time concierge, gym, party and meeting rooms, a pool, and guest suites.
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Bay Street Corridor Listings Summary
Bay Street Corridor - Town vs. Region Stats
Avg Price in Bay Street Corridor: $858,400 / Region Avg $1,246,800
69%
Avg Taxes in Bay Street Corridor: $4,700 / Region Avg $103,800
5%
Avg Sq. Ft. in Bay Street Corridor: 828 / Region Avg 1,249
66%
Avg Price per/sqft in Bay Street Corridor:$1036 / Region Avg $998
104%
Avg Days on Website in Bay Street Corridor: 46 / Region Avg 46
100%
Bay Street Corridor Real Estate Market Health
New Listings
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating