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    Opera Place I Condos
    1for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    16
    Number of Units:
    161
    Condo Completion:
    1999
    Condo Demand:
    Medium
    Unit Size Range:
    509 - 1,200 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Opera Place I Condos

    Receive listing updates for Bay Street Corridor

    Amenities

    Security System
    Guest Suites
    Visitor Parking
    Indoor Parking
    Media Room
    Gym Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 887 Bay StreetOpera Place I Condos

    There’s no question that the Bay Street Corridor is at the heart of the action in downtown Toronto, so that puts Opera Place I Condos at the centre of it all. These condos are located at 887 Bay St., and they are paired with their sister tower Opera Place II.

    The building features a simple yet attractive brick and glass design, as well as a wide variety of unit layouts that will be able to fit a bunch of different lifestyles. There are great amenities here too, including commercial space on the ground level of the building.

    Being just steps away from Yonge Street, it should be no surprise that Opera Place Condos is surrounded by world class public transit. Whether you’re looking to take the subway, streetcar, or bus, 887 Bay St. has got you covered.

    The Suites

    Opera Place I Condos stands at 16 storeys, and it has 161 downtown Toronto condos. It has a good variety of different floor plans, which can be seen in its wide range of Toronto condos for sale that start at 538 and go all the way up to 1,295 square feet. The building was completed in 1999, so this explains the generous square footage, even in the smallest units.

    One of the first things that strikes you when you look at this building is its balconies and terraces. Outdoor space is so important to your state of mind, so it’s good to know you can have your own private space outside where you can watch the city go by.

    There are some great amenities here too, including an exercise room, party room, and meeting room. There’s also a concierge service who will always be willing to help you out whenever you need it.

    There’s also commercial space located on the ground floor of 887 Bay St. You can pick up your odds and ends at the drugstore, or grab a coffee on the go at the Presse Cafe.

    The Neighbourhood

    The Bay Street Corridor is where all the action is. Centred around two of Toronto’s most famous streets, Opera Place I is surrounded by shops, restaurants, bars, cafes, and even more.

    Yonge Street is probably the most important street in the entire GTA, so it’s no surprise that it’s packed with a variety of commercial businesses that includes Toronto staples like Fran’s Restaurant and Bar.

    887 Bay could be the perfect address if you’re a student in the city — no matter what your school of choice is. This address is central to all of urban campuses with the University of Toronto, Toronto Metropolitan University, OCAD University, and George Brown College all within walking distance, and let’s be honest, you wanted to come to Toronto to be at the heart of the action.

    If you love the arts, there’s something for you too. The Buddies in Bad Times theatre is one of the most important theatre companies in Canada, and they’re located right at your doorstep. This building really is in the middle of it all.

    Transportation

    Yonge Street is the lynchpin of the entire TTC, and it’s right next to Opera Place Condos. Wellesley is your closest subway station, being only a 4 minute walk away, and it’s only one stop away from the central Bloor-Yonge Station. From Bloor-Yonge, the entire city is with your reach. You can stay on Line 1 to head to North York, or you can take Line 2 to go as far as Etobicoke or Scarborough.

    Drivers can take advantage of Yonge too. It connects the entire city together with many businesses being open along its corridor. The same can be said of Bloor Street, which travels in an east-west direction.

    Bay Street is another important artery that can easily connect you to the Gardiner Expressway. The Gardiner is vital for connecting downtown together as it creates a pathway across Toronto’s waterfront.

    Opera Place I Condos Reviews

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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 I Condos vs The Bay Street Corridor Area

    Days on Strata

    Units at Opera Place I Condos spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    7
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    24th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    26
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 887 Bay Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$610,200$630,000 - $695,000$880,000 - $918,000No Data
    Avg. Cost Per Sqft$976$887$911No Data
    Avg. Wait for Unit Availability180 Days223 Days218 Days532 Days
    Ratio of Units in Building50%19%26%6%

    Unit Sales vs Inventory

    Total number of units listed and sold in Bay Street Corridor