MLS® listing
1315 Bay Street 1505: condo apartment for sale
$999,900
From the listing brokerage
Conveniently situated in Yorkville lies 50 Scollard, an extraordinary choice for those craving refined living. Conceptualized by Norman Foster (Foster + Partners), the building draws inspiration from its surroundings, providing residents with striking city views. Offering 716 interior square feet with designer selected finishes, this east-facing, one-bedroom residence is perfectly situated in the building, making a definitive personal statement. The living & dining rooms offer breathtaking views and seamlessly integrate into the surround landscape with floor to ceiling windows. The Dada kitchen's delicate millwork provides ample storage, coffered ceiling and is finished with top of the line Gaggenau appliances & quartz countertops. The primary bedroom retreat provides gentle views, two large double-closets and is steps to an adjoining five-piece spa like ensuite bathroom. World class amenities designed by Alessando Munge (Studio Munge) include a hotel-style lobby with full-time concierge & valet, state of the art fitness facility, which grants residents access to state of the art training zones as well as yoga, sauna & steam room. An indoor/outdoor pool, communal work space, dining room, tasting lounge, outdoor terrace, pet spa & visitor parking. You are steps to the acclaimed shopping and dining of Yorkville, immediately across the street from the Four Seasons Hotel and have easy access to the upscale shops of Bloor, Yorkville Village, Hazelton Lanes, The Royal Ontario Museum, Park Hyatt and Hazelton Hotels.
Facts on the listing
| Square feet | 700-799 |
|---|---|
| Approximate age | New |
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $910 |
| Property tax | |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | West |
| Fee includes | Hydro Included, Parking Included, Building Insurance Included, Common Elements Included |
| Building amenities | Car Wash, Indoor Pool, Lap Pool, Exercise Room, Visitor Parking, Party Room/Meeting Room |
| Balcony | None |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Storage |
| Features | Park, Public Transit, School, Hospital, Library, Place Of Worship |
| View | Downtown, City |
| Floor | 15 |
Listing courtesy of RE/MAX HALLMARK BIBBY GROUP REALTY. MLS® C14172840.
About this condo apartment
1315 Bay Street 1505 is a 1 bedroom condo apartment in TRREB's Annex community in Toronto, listed for sale at $999,900. The listing shows 1 bathroom and 700-799 square feet. The style is given as apartment. The unit faces west. It comes with 1 parking space and an underground garage according to the listing. The nearest main intersection given is Bay Street & Yorkville Avenue. The age is listed as New years.
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: car wash, indoor pool, lap pool, exercise room, visitor parking and party room/meeting room.
What it costs to buy 1315 Bay Street 1505
At the asking price of $999,900, 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 | $999,900 |
|---|---|
| Ontario land transfer tax | $16,473 |
| Toronto municipal land transfer tax | $16,473 |
| Both taxes | $32,946 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $74,990 |
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 | $910 a month |
|---|
The listing says the maintenance fee includes hydro, 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 $999,900, which is $449,900 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. 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.
About The Annex
Heritage districts, apartment buildings along Bloor Street and two subway lines meeting at Spadina and St George. The Annex sells more condo apartments than houses by a wide margin.
Transit: Spadina and St George stations (Line 1 and Line 2), Bathurst and Bay stations (Line 2), Dupont station (Line 1), 510 Spadina and 511 Bathurst streetcars, 26 Dupont bus
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,240,000 | 133 sales, average $1,660,517 |
| Detached | About $1,950,000 | 8 sales, average about $2,882,000 |
| Semi-detached | About $1,725,000 | 27 sales, average about $2,056,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,825,000 | 9 sales, average about $1,796,000 |
| Condo townhouse | About $1,260,000 | 7 sales, average about $1,649,000 |
| Condo apartment | About $858,000 | 82 sales, average about $1,397,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about The Annex
What did homes sell for in The Annex in spring 2026?
TRREB recorded 133 sales from April to June 2026 with a median of $1,240,000 and an average of $1,660,517 across all property types. Condo apartments were 82 of those sales, with a median of about $858,000.
Is The Annex a good place to live if you want to use the subway?
For subway access it is well placed, with Spadina and St George stations serving both Line 1 and Line 2, plus Bathurst, Bay and Dupont stations at its edges. From Spadina station, Union station is 7 stops on Line 1.
Are there heritage rules on houses in The Annex?
Parts of it are in Heritage Conservation Districts, including East Annex (1994) and West Annex Phase 1 on Madison Avenue, with West Annex Phase II in development. Check with the City whether a specific address is inside a district before planning exterior changes.
Are most homes in The Annex houses or apartments?
Apartments. In the 2021 Census 54.5% of the 16,325 private dwellings were in buildings of five or more storeys and 27.8% in buildings under five storeys, while single-detached houses were 3.8%.
Where is the library in The Annex?
The Toronto Public Library Spadina Road branch is at 10 Spadina Road. The Toronto Reference Library at 789 Yonge Street is to the east.
Read the The Annex neighbourhood guide · All The Annex homes for sale
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Questions about 1315 Bay Street 1505
How much is land transfer tax on 1315 Bay Street 1505?
At the asking price of $999,900 the Ontario tax is $16,473 and the Toronto tax is $16,473, $32,946 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 1315 Bay Street 1505?
$74,990 at the asking price of $999,900, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 1315 Bay Street 1505?
The listing shows $910 a month, including hydro, parking, building insurance and common elements. Check the current fee in the status certificate.
Is 1315 Bay Street 1505 priced above or below the median?
It is listed at $999,900. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $449,900 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 1315 Bay Street 1505?
Use the form on this page or call us. Quote MLS® C14172840. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1315 Bay Street 1505 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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