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1506 - 887 Bay Street
Bay Street Corridor, Toronto
$950,000
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.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 1000-1199 sq. ft. |
| Maintenance Fees | $1,176 |
| Locker | Ensuite+Exclusive |
| Balcony | Open |
| Exposure | South West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $4,742 |
| mls© Number | C14135556 |
| Listed By | ROYAL HERITAGE REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,863
- Property tax
- $395
- Heat allowance
- $150
- Condo fees, half counted
- $588
- Housing costs
- $5,996 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$184,000
gross annual household income
- Payment at 4%
- $3,998 / mo
- Cash down
- $190,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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