1301-1315 Bay Street, Toronto, ON
Annex, Toronto · MLS® C13522610
About this home
Experience luxury living in this 1 bedroom plus den in the heart of Yorkville at the prestigious 1315 Bay Street also know as 50 Scollard Condos. This brand new never-lived-in condo offers approximately 800 square feet of sophisticated opulence in this meticulously designed living space with modern finishes, floor-to-ceiling windows, and an open-concept layout ideal for urban living. Located in one of Toronto's most sought-after neighbourhoods, steps to world-class dining, luxury shopping, transit, cafes, and entertainment. Enjoy upscale living in a newly completed building with premium amenities and sophisticated design. Some photos virtually staged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13522610
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Bay and Davenport
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Exposure
- East
- Days on market
- 18
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
Combined w/Kitchen
Double Closet
Combined w/Living
Listed at $4,000/mo, this rental is about 18% above what comparable rentals suggest. The number above is my independent estimate of value, not the asking price.
In Annex lately, landlords have been getting about 99% of asking and homes lease in about 13 days.
Based on 26 similar rentals nearby, adjusted for size, beds, and baths.Median of 26 comparable active listings, adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $3,500/mo
- Bathrooms −$100/mo
- Adjusts to $3,400/mo
That comparable adjusts to $3,400/mo; the $3,400/mo estimate above is the median of all 26 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.
Its public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $3,400/mo, median of 26 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Annex, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $3,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20
- Toronto municipal land transfer tax
- $20
- Estimated closing costs
- $40
Plus your down payment of $800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,025
- Principal paid down
- $408
- Interest paid
- $617
- Balance remaining
- $2,792
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.