702-717 Bay Street, Toronto, ON

Bay Street Corridor, Toronto · MLS® C13870304

$729,900
For Sale
Listed 12 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Welcome to Suite 702 at 717 Bay Street- a fully updated 2-bedroom + den offering almost 1,100 sqft. in the heart of downtown.
  • Bright, modern and move-in ready, this well-designed suite features generous bedrooms, large closets (including a walk-in) renovated kitchen and bathrooms and a...
  • And, the hallway corridor renovation is underway.
  • The Liberties features a great selection of amenities including 24-hour concierge, indoor pool and whirlpool, gym, indoor jogging track, sauna and landscaped gardens.
  • All this and an unbeatable location steps to College Park, Yonge Street, TTC, hospitals, U of T, TMU and the Financial District.

Welcome to Suite 702 at 717 Bay Street- a fully updated 2-bedroom + den offering almost 1,100 sqft. in the heart of downtown. Bright, modern and move-in ready, this well-designed suite features generous bedrooms, large closets (including a walk-in) renovated kitchen and bathrooms and a versatile den perfect for a home office or study. There's also a large ensuite laundry room and linen closet - excellent storage throughout this unit and parking and a locker add to the convenience. Maintenance fees include all utilities, cable TV and internet offering tremendous value. And, the hallway corridor renovation is underway! The Liberties features a great selection of amenities including 24-hour concierge, indoor pool and whirlpool, gym, indoor jogging track, sauna and landscaped gardens. All this and an unbeatable location steps to College Park, Yonge Street, TTC, hospitals, U of T, TMU and the Financial District. Suite 702 is a great fit for investors, families and professionals looking for great value with exceptional access to everything downtown has to offer. Some photos have been virtually staged.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13870304
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
1000-1199 sq ft
Cross streets
Bay and College
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Brick
Maintenance
$1,234/mo
Exposure
South
Property tax
$3,801 / 2025
Days on market
12
Listing brokerage
RE/MAX CONDOS PLUS CORPORATION

Rooms

BedroomMain4.57 × 3.96 m

hardwood floor · walk-in closet(s) · pot lights

SolariumMain4.62 × 1.88 m

hardwood floor · separate room · south view

KitchenMain2.26 × 3.05 m

updated · granite counters · stainless steel appl

Living RoomMain7.49 × 3.35 m

hardwood floor · combined w/dining · south view

Dining RoomMain7.49 × 3.35 m

hardwood floor · combined w/living · south view

Bedroom 2Main3.66 × 2.74 m

hardwood floor · double closet · track lighting

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

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.

Neighbourhood & location

Bay Street Corridor, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Kensington-Chinatown
$585K
North St. James Town
$649K
Church-Yonge Corridor
$580K
Moss Park
$549K
Waterfront Communities C1
$678K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Church Street Junior Public School
73%
Church Street Junior Public SchoolPublic · Elementary · 0.7 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Orde Street Public School · Public elementary0.6 km · 76% at standard
St Joseph's College School · Catholic secondary0.7 km · 76% at standard
Native Learning Centre · Public secondary0.7 km
St Michael's Choir (Sr) School · Catholic secondary0.7 km · 98% at standard
St Michael's Choir (Jr) School · Catholic elementary0.7 km · 98% at standard
Contact Alternative School School · Public secondary0.7 km
Heydon Park Secondary School · Public secondary0.9 km · 8% at standard
Subway Academy II · Public secondary0.9 km
Beverley School · Public elementary0.9 km
Jarvis Collegiate Institute · Public secondary1.0 km · 57% at standard
St Martin Catholic School(OL of Lourdes · Catholic elementary1.1 km
Ogden Junior Public School · Public elementary1.3 km · 69% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$3,327/mo
$164KIncome needed
4.5×Price ÷ income
$768Weekly cost
$22,146Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

68%mortgage
Mortgage $3,327Property tax $317Condo fee $1,234Total carry $4,877

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,229per month

Mortgage amount $583,920 · 4.49% over 25 years

$145,980Down payment (20.0%)
$583,920Loan before insurance
$0CMHC premium
$4,779Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,229
Property tax
$317
Condo / maintenance fees
$1,234
Heating
$0
Estimated monthly cost
$4,779

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$11,073
Toronto municipal land transfer tax
$11,073
Estimated closing costs
$22,146

Plus your down payment of $145,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,908/monthPayment at the qualifying rate

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

$384,658Total interest paid
$968,578Total of all payments
Principal $583,920 Interest $384,658
YearPrincipalInterestBalance
1$13,031$25,713$570,889
2$13,622$25,121$557,267
3$14,241$24,502$543,026
4$14,887$23,856$528,139
5$15,563$23,180$512,576
6$16,270$22,473$496,306
7$17,009$21,734$479,297
8$17,781$20,962$461,516
9$18,588$20,155$442,928
10$19,432$19,311$423,496
11$20,315$18,429$403,181
12$21,237$17,506$381,944
13$22,201$16,542$359,743
14$23,209$15,534$336,534
15$24,263$14,480$312,271
16$25,365$13,379$286,907
17$26,516$12,227$260,391
18$27,720$11,023$232,670
19$28,979$9,764$203,692
20$30,294$8,449$173,397
21$31,670$7,073$141,727
22$33,108$5,635$108,619
23$34,611$4,132$74,008
24$36,183$2,560$37,825
25$37,825$918$0

At the end of your 5-year term

Total paid over the term
$193,716
Principal paid down
$71,344
Interest paid
$122,371
Balance remaining
$512,576

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.

Let's connect

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.

Investor snapshot

Rental yield
Estimate$3,400/mo
$40,800Gross annual rent
2.3%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

5.6%
Gross yield
− Property tax $3,801− Condo fees $14,805− Insurance $600− Vacancy & upkeep $4,488Net operating income $17,106

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX CONDOS PLUS CORPORATION. MLS®/PropTx.

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