Experience refined city living at Opera Place, a luxurious condominium in Toronto's sought-after Bay Street Corridor. Enjoy the comfort and convenience of 24-hour concierge service and security, with Yorkville's elegant boutiques, exceptional dining, the YMCA and TTC just steps away. A short subway ride connects you to Rogers Centre, Scotiabank Arena and the vibrant downtown entertainment district. An exceptional address where sophistication meets everyday convenience.
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $950 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 887 Bay St #1506
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1000-1199 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
887 Bay St #1506 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14135556$950,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 887 Bay St #1506 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$4,667
/mo
based on the purchase price of $950,000
$190,000 cash
$760,000 financed
$640,119 total interest
Principal54%$760,000
Interest46%$640,119
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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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 2-bed homes for sale in Toronto around $950K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5114.8%On average, homes sold at or above asking.
Active listings12,476Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 4 – Aug 2, 2026.
Based on 9,270 sales from Aug 2 – Oct 31, 2026 (6,989 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
2 for rent at 887 Bay St — plus its sale and lease history.
887 Bay St #1506 is listed at $950,000 (MLS® C14135556). Summitly updates the price as soon as the MLS® record changes.
Is $950,000 a good price for 887 Bay St #1506?
Summitly rates it Above Market: the asking price is 5% to 15% above 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 887 Bay St #1506 changed?
No — 887 Bay St #1506 is still listed at its original asking price of $950,000.
How many bedrooms and bathrooms does 887 Bay St #1506 have?
887 Bay St #1506 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 887 Bay St #1506?
About $4,667 a month — principal and interest on $950,000 with 20% down ($190,000), 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 887 Bay St #1506 compare with other homes in Toronto?
Its asking price of $950,000 is about 13% above the median sold price in Toronto over the last 90 days, $840,000, across 9,270 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 887 Bay St #1506 been sold before?
Summitly has no earlier MLS® sale or lease of 887 Bay St #1506 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 887 Bay St #1506?
887 Bay St #1506 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 887 Bay St #1506 been on the market?
1 day — 887 Bay St #1506 was listed on October 30, 2026.
What is the price per square foot of 887 Bay St #1506?
About $792 to $950 per square foot: the asking price of $950,000 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 887 Bay St #1506 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 887 Bay St #1506 have a basement, and is it finished?
The listing says 887 Bay St #1506 has no basement.
