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            Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# C4956336

            $2,000
            1+1br 1ba 500-599sf

            Water

            Y

            Heating

            Y

            Hydro

            Y

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            98

            TransitScore

            93

            Compare$1,968

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            RE/MAX EXCEL REALTY LTD., BROKERAGE

            Learn more about this property:
            MLS# C4956336 Listing Details
            Among all comparable properties rented in condo located at 1121 Bay St in Bay Street Corridor in Toronto from Jan 2017 to Oct 2020, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,789

            Maximum Rent Adjusted was:

            $2,164

            AIDA's ESTIMATE (based on 10 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($2,000) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 10 comparable properties rented out in condo located at 1121 Bay St in Bay Street Corridor in Toronto from Jan 2017 to Oct 2020

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2017-01-09***19061121 Bay StE500-5991+0 • 11.0$2,100-6.59%***
            2017-04-20***7081121 Bay StE500-5991+0 • 11.0$2,0450.25%***
            2017-05-11***15071121 Bay StE500-5991+0 • 11.0$1,800-0.6%***
            2017-08-24***15041121 Bay StN500-5991+1 • 11.0$2,300-8.61%***
            2017-09-16***10061121 Bay StN500-5991+1 • 11.0$2,200-10.09%***
            2018-02-21***19061121 Bay StE500-5991+0 • 11.0$2,100-10.77%***
            2018-03-28***7081121 Bay StE500-5991+0 • 11.0$2,195-11.72%***
            2018-06-19***15041121 Bay StN500-5991+1 • 11.0$2,500-13.44%***
            2018-07-19***19041121 Bay StNw500-5991+0 • 11.0$2,400-15.46%***
            2018-08-16***15071121 Bay StE500-5991+0 • 11.0$2,200-17.62%***

            Bay Street Corridor, Toronto Sales History More

            Bay Street Corridor, Toronto: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Bay Street Corridor, Toronto: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            506 1121 Bay St is a condo apt apartment, located in Bay Street Corridor of city of Toronto, Toronto region, near Bay St/Bloor St, and has been available for lease on ITRealty since 2020-10-17. This unit is located at level 5 of the building and has North exposure of Bay St. Condo registry office is TSCC, corporation number 1510.

            Lot Size and Living Area:

            506 1121 Bay St has 5+0 rooms in total, including 1+1 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 500-599 square feet. 1121 Bay St building was built appriximately 16-30 years ago.
            1.0 parking space(s) are owned and located undergrnd at level . The locker is owned. ensuite laundry is located on main level.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Hospital, Park, Place Of Worship, Public Transit at, or near the property.
            AIDA has also found the following possible sellers motivation indicators: Listing Ad says Motivated Seller, Flexible Possession.

            Price & Cost Overview

            General:

            506 1121 Bay St condo apt is listed for $2,000.

            Comparative Market Analysis:

            There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,968.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Bay Street Corridor, where 1121 Bay St is located, has $896,258 Home Price Index, and $2,493 Home Rent Index. Average household income at dissemination area of 1121 Bay St is $25,408, and average polulation age is 31 years old.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,052,230, and average Home Rent Index $2,579.

            Similar Properties & Community Details:

            There are similar to 506 1121 Bay St 1 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 1121 Bay St.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Bay Street Corridor neighborhood in city of Toronto.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 98, 93, and 93 accordingly, location of 1121 Bay St overall can be described as Walker's Paradise, Rider's Paradise, and Biker's Paradise.

            506 1121 Bay St Listings History Powered By AIDA
            Bay Street Corridor, Toronto Sales & Rent History Powered by AIDA
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Toronto Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (104 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes get rented?
            You may expect 198 to 242 properties like that to be sold in Bay Street Corridor during the next 30 days.
            Seasonal sales fluctuation is showing 77% inventory increase comparing to the average annual number, which is equvalent to 124.67 properties sold per month, and 30% increase comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 13 days, which is 16 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 12% D.O.M. increase comparing to the average annual number, which is equvalent to 26 D.O.M., and 7% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price can it be sold?
            Similar properties currently sell at 1.6% below its asking price in Bay Street Corridor.
            The selling to asking price ratio is slighyly declining, but this housing type demand remains stable in Bay Street Corridor.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4956336 Comparative Market Analysis

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