Spacious and light-filled 1-bedroom plus den suite offering unobstructed, sweeping views. The versatile den features a large window, making it ideal for a dedicated home office, guest space, or secondary living area. Complete with convenient in-suite laundry featuring 2025 washer and dryer.Unbeatable location in the heart of downtown Toronto-just steps from the University of Toronto, Toronto Metropolitan University (formerly Ryerson), Queen's Park, major hospitals, TTC subway and bus lines, as well as a vibrant selection of grocery stores, restaurants, cafes, and shopping. An incredible opportunity for professionals, students, or investors alike.
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $740 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 1001 Bay St #511
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
1001 Bay St #511 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,545
/mo
based on the purchase price of $518,000
$103,600 cash
$414,400 financed
$349,034 total interest
Principal54%$414,400
Interest46%$349,034
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $518K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4899.6%On average, homes sold at or above asking.
Active listings12,371Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 9,686 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale · 6 for rent at 1001 Bay St — plus its sale and lease history.
1001 Bay St #511 is listed at $518,000 (MLS® C13720902). Summitly updates the price as soon as the MLS® record changes.
Is $518,000 a good price for 1001 Bay St #511?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1001 Bay St #511 changed?
Yes — it was first listed at $538,000 and is now $518,000, a drop of $20,000 (3.7%).
How many bedrooms and bathrooms does 1001 Bay St #511 have?
1001 Bay St #511 has 1 bedroom and 1 bathroom, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 1001 Bay St #511 close to transit?
The nearest rapid-transit station is Wellesley Station (Line 1), about 270 m (about a 3-minute walk) in a straight line. Museum Station is about 530 m (about a 7-minute walk), and Bay Station is about 590 m (about a 7-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 1001 Bay St #511?
About $2,545 a month — principal and interest on $518,000 with 20% down ($103,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1001 Bay St #511 compare with other homes in Toronto?
Its asking price of $518,000 is about 39% below the median sold price in Toronto over the last 90 days, $848,250, across 9,686 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1001 Bay St #511 been sold before?
Summitly has no earlier MLS® sale or lease of 1001 Bay St #511 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1001 Bay St #511?
1001 Bay St #511 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1001 Bay St #511 been on the market?
46 days — 1001 Bay St #511 was listed on August 28, 2026.
What is the price per square foot of 1001 Bay St #511?
About $648 to $740 per square foot: the asking price of $518,000 over the 700–799 sq ft the listing gives as its size range.
Does 1001 Bay St #511 have a basement, and is it finished?
The listing says 1001 Bay St #511 has no basement.
