MLS® listing
801 Bay Street 1703: condo apartment for sale
$598,000
From the listing brokerage
Suite 1703 at The Royalton is a 1+den with two full bathrooms, and the den is what makes the layout work. It's a separate room with doors, roughly 7 x 9 feet, and it fits a bed or a proper desk. Set it up as a home office, a guest room or a space for a roommate, and close the doors when you're done for the day. The primary has its own ensuite, and the second bathroom sits off the main living space for guests. The living and dining room opens onto a south-facing balcony, and the kitchen has granite counters and a breakfast bar for quick meals. It's a boutique building in the heart of Toronto at Bay and College, about 137 suites, with 24-hour concierge, a gym, a party room and a rooftop terrace. Walk to Toronto General, U of T or Queen's Park, or get on the subway at College station three minutes away.
Facts on the listing
| Square feet | 700-799 |
|---|---|
| Style | 1 Storey/Apt |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $1,020 |
| Property tax | $3,401 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Water Included, Heat Included, CAC Included, Parking Included, Building Insurance Included, Common Elements Included |
| Building amenities | Exercise Room, Visitor Parking, Concierge, Party Room/Meeting Room |
| Balcony | Open |
| Laundry | Ensuite |
| Interior features | Carpet Free |
| Floor | 14 |
Listing courtesy of RARE REAL ESTATE. MLS® C14124066.
About this condo apartment
801 Bay Street 1703 is a 2 bedroom condo apartment in TRREB's Bay Street Corridor community in Toronto, listed for sale at $598,000. The listing shows 2 bathrooms and 700-799 square feet. The style is given as 1 storey/apt. The unit faces south. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Bay and College.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: exercise room, visitor parking, concierge and party room/meeting room.
What it costs to buy 801 Bay Street 1703
At the asking price of $598,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $598,000 |
|---|---|
| Ontario land transfer tax | $8,435 |
| Toronto municipal land transfer tax | $8,435 |
| Both taxes | $16,870 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $34,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,020 a month |
|---|---|
| Property tax (2025) | $3,401 a year, about $283 a month |
| Fee and tax together | about $1,304 a month |
The listing says the maintenance fee includes water, heat, cac, parking, building insurance and common elements. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $598,000, which is $48,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 801 Bay Street 1703
How much is land transfer tax on 801 Bay Street 1703?
At the asking price of $598,000 the Ontario tax is $8,435 and the Toronto tax is $8,435, $16,870 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 801 Bay Street 1703?
$34,800 at the asking price of $598,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 801 Bay Street 1703?
The listing shows $1,020 a month, including water, heat, cac, parking, building insurance and common elements. Check the current fee in the status certificate.
How much is the property tax on 801 Bay Street 1703?
The listing shows $3,401 a year for 2025, about $283 a month.
Is 801 Bay Street 1703 priced above or below the median?
It is listed at $598,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $48,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 801 Bay Street 1703?
Use the form on this page or call us. Quote MLS® C14124066. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 801 Bay Street 1703 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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