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    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    16
    Number of Units:
    154
    Condo Completion:
    1999
    Condo Demand:
    Medium
    Unit Size Range:
    492 - 2,887 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Opera Place II

    Receive listing updates for Bay Street Corridor

    Amenities

    Rec Room
    Visitor Parking
    Bike Storage
    Concierge
    Indoor Parking
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 889 Bay StreetOpera Place II

    Opera Place II is located in the Bay Street Corridor, which is in the heart of downtown Toronto. Nestled in between the city’s two most integral streets, these condos are surrounded by tonnes of local amenities that include bars, restaurants, public transit, and so much more.

    889 Bay St. features a range of suites sizes, many of which are equipped with sizeable balconies and terraces. There’s also commercial retail units on the ground level that further add to the convenience of this location.

    World class public transit is right around the corner from these condos thanks to Wellesley Station, so the entire city is right at your fingertips.

    The Suites

    This tower was built following the success of Opera Place I, and it stands at 16 storeys tall and is home to 154 Toronto condos. There’s an array of suites at 889 Bay St that ranges from 538 to 1,301 square feet. There are balconies or terraces on nearly every suite, so you’ll always have plenty of outdoor space.

    Completed in 1999, these suites are larger than the majority of Toronto condos for sale on the market today. There are one-bedroom, two-bedroom, and two-bedroom plus den suites.

    There are amazing amenities at Opera Place II including a fully equipped exercise room. There’s also a 24-hour concierge who can help you take care of any problem that should arise. There’s even a Presse Cafe at ground level — so you can always pick up your morning latte on the go.

    The Neighbourhood

    889 Bay St. is located in the Bay Corridor, which, in many ways, is the nerve centre of downtown Toronto. Yonge Street is lined with shops, restaurants, bars, and so much more. Whether it’s McDonalds or the classic dining experience at Carmen’s Steak House, you’ll be able to find what you’re looking for.

    Residents will be lucky to have a premier shopping centre only a 15 minute walk away. The Toronto Eaton Centre has over 2 million square feet of retail space that encompasses 235 stores and services. Boutique clothing stores, specialty stores and a world class food court can all be found here.

    These condos could be a great home for students because Opera Place II is centrally located to the urban university campuses. The University of Toronto is the country’s largest and most prestigious school, and 889 Bay St. is only a 10 minute walk away. Toronto Metropolitan University is the home of the Ted Rogers School of Management, and it’s only a 15 minute walk away.

    Some of the city’s best cultural institutions are located right around the corner on Yonge. Elgin and Winter Garden Theatre, Ed Mirvish Theatre and Massey Hall all play regular host to Broadway shows and big ticket bands, so you’ll always want to watch what’s coming to town.

    Transportation

    Wellesley is the closest subway station, and this acts as the main transit gateway to the rest of the city for 889 Bay St. If you head southward, the route loops around the Financial District, which is one of the major employment hubs of the city.

    If you head north at Wellesley, you’ll hit Bloor-Yonge Station in one stop. This is the busiest subway station in the city because it’s the central transfer station. This is where you can transfer from Line 1 Yonge-University to Line 2 Bloor-Danforth. There’s also a streetcar that careens down the College/Carlton corridor. This is easiest way to travel in an east-west direction in downtown Toronto.

    Drivers can drive down Bay Street to easily get onto the Gardiner Expressway. This is an arterial highway that makes it easy to reach the different parts of downtown. It also connects to the Don Valley Parkway, putting the entire GTA within reach.

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    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Opera Place II vs The Bay Street Corridor Area

    Days on Strata

    Units at Opera Place II spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    5
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Best Value Rank

    Opera Place II offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Opera Place II has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Opera Place II yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    Opera Place II is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 889 Bay Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$608,000No DataNo DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$907No DataNo DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability200 Days421 Days159 Days448 DaysNo DataNo Data
    Ratio of Units in Building34%21%36%8%2%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Bay Street Corridor