717 Bay Street 702, Toronto C01

$729,900
717 Bay Street 702

$729,900

New
17d
Condo ApartmentApartment

717 Bay Street 702, Toronto C01

Total Monthly Obligation $4,695

Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
17d
Score
19
Yield
7.0%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Condo Apartment
MLS® Number-C13870304
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,801 (2025)
Maintenance-$1,233.76/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX CONDOS PLUS CORPORATION
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate/TBA
Neighbourhood-Bay Street Corridor
Title-Residential Condo & Other

No agent assigned

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.

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%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$583,920
Land Transfer Taxes$11,073
Legal Fees (Est.)
$
Total cash required for closing$158,553

Total Monthly Obligation

$4,695/mo
Mortgage $2,944
Monthly Loss $3,920
Principal$775
Interest$2,169
Property Tax$317
Condo Fees$1,234
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.8%41
10-Year IRR
11.4%
Returns Index
21.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$51,312/yr
NOI
$25,175/yr
Net Cash Flow
-$846/mo
Cash Margin
-19.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
20.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 717 Bay Street 702

Time

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Data last updated within the past 24 hours.