For Sale · Toronto (Bay Street Corridor) · Single Family

$518,000

1402 - 55 CENTRE AVENUE, Toronto (Bay Street Corridor)

Beds

Baths

About This Home

The details.

Rare turnkey investment opportunity in the heart of downtown Toronto! Professionally converted with city-approved permits and renovations from a spacious 1+Den into a highly functional 3-room furnished rental, ideally suited for students attending U of T, Toronto Metropolitan University, and nearby hospitals. Recent upgrades include new flooring, fresh paint, partition walls, an additional bedroom, and upgraded smoke detectors. Bright corner suite with over 800 sq. ft., large windows, generous storage, 1 underground parking space, and maintenance fees include all utilities except hydro. Steps to University Avenue, Dundas Street, Eaton Centre, TTC, hospitals, restaurants, and countless downtown amenities. Excellent income potential (id:66635)

Summarizing the highlights...

MLS® C13517504Listing courtesy of CENTURY 21 ATRIA REALTY INC.See all units in this building View on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Condominium/Strata
Parking: 1 space
Strata fee: $1,039 / monthly
Listed on: 2026-07-03
Days on market: 12
MLS number: C13517504
Data source: Toronto Regional Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$2,423

$414,400 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,423

Cash flow

-$2,423

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Toronto (Bay Street Corridor) right now

Active listings

201

New this week

$559,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Toronto (Bay Street Corridor).

Household and demographic stats for Toronto (Bay Street Corridor), from the Statistics Canada 2021 Census.

2,794,356
Population (2021): 39.6
Median age: 1,160,895
Households: 2.4
Avg household size: 51.9%
Home ownership: $84,000
Median household income

Toronto (Bay Street Corridor) market trends

Source: Statistics Canada 2021 Census, Toronto, City, Ontario.

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Rental Market

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.