887 Bay Street
Building Details
Listing History for Opera Place I Condos
Amenities
Maintenance Fees
About 887 Bay Street — Opera 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.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At Opera Place I Condos
Days on Strata
List vs Selling Price
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Turnover of Units
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Price Ranking
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High Demand
Transaction Insights at 887 Bay Street
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|
Price Range | $610,200 | $630,000 - $695,000 | $880,000 - $918,000 | No Data |
Avg. Cost Per Sqft | $976 | $887 | $911 | No Data |
Price Range | $2,200 - $2,700 | $2,400 - $2,900 | $3,400 - $3,600 | $3,800 |
Avg. Wait for Unit Availability | 180 Days | 223 Days | 218 Days | 532 Days |
Avg. Wait for Unit Availability | 25 Days | 100 Days | 61 Days | 565 Days |
Ratio of Units in Building | 50% | 19% | 26% | 6% |
Unit Sales vs Inventory
Total number of units listed and sold in Bay Street Corridor