Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Bay-Cloverhill
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1001 Bay St, Toronto
Built
1990
Storeys
35
Suites
564
Developer
Strasscorp Holdings
Corporation
MTCC-876
Walk Score
99
Free · about 45 seconds · no obligation
What is your unit at 1001 Bay worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 19BayTTC busSteps away
- 94WellesleyTTC busSteps away
- 97YongeTTC bus0.2 km
- 506Bay St at Wellesley St West South Side506 Carlton streetcar0.2 km
- 1Wellesley stationLine 1 Yonge–University0.3 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines2.3 km
- UPUnion stationUP Express · Pearson to Union2.3 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Jesse Ketchum Junior and Senior Public School
61 Davenport Rd, Toronto
0.9 km · ~14 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
0.8 km · ~13 min walk
Zoned for this address
Catholic elementary
Our Lady of Lourdes Catholic Elementary School
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic elementary
St Paul Catholic Elementary School
2.3 km
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
0.2 km · ~3 min walk
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at 1001 Bay actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 9 | $510,000 | 49 | $2,600/mo |
| 2 bed | 4 | $846,000 | 20 | $3,800/mo |
| 3 bed + | 1 | too few | 2 | too few |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at 1001 Bay
Do mostly owners or renters live here?
Renter-heavy building. Of 180 deals here in the last 24 months, 149 were leases and 31 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at 1001 Bay?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about 1001 Bay
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Pizza
Pizza Nova
Steps away
Sushi
Tokyo Sushi
Steps away
Noodles
Uncle Potato Noodle
Steps away
Shawarma
Shawarma Q
Steps away
Restaurant
Togo Cafe
Steps away
Coffee
Second Cup
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Clover Hill Park
- Dr. Lillian McGregor Park
- Breadalbane Park
Nearest grocery
Loblaws
0.5 km · ~8 min walk
Prices: TRREB MLS® System aggregate medians for 1001 Bay St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
1001 Bay is the building I point to when someone says older condos have nothing to offer. Strasscorp’s 35-storey glass tower at Bay and St. Joseph has 564 suites, a full amenity floor with a pool and two courts, and a rooftop garden halfway up. It is big, busy and more than 35 years old, and buying well here depends on knowing which suite types hold their value. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
1001 Bay is a high-rise condominium at 1001 Bay Street, at the corner of St. Joseph Street on the Bay Street corridor in downtown Toronto. It was developed by Strasscorp Holdings and has 564 suites; condos.ca lists 35 storeys, while another profile says 36 floors including the two-level penthouses. The condominium corporation is MTCC-876, registered 23 February 1990 (one profile gives 1988 as the build year), and ICC Property Management is listed as the manager. Maintenance fees include common elements, building insurance, cable TV, parking and water. Suites run from about 497 to 3,201 square feet.
1001 Bay at a glance
Club 1001: the amenity floor that sells the building
The second floor is given over to Club 1001, and it is the most complete amenity package I know of in a building this age on the Bay corridor. Profiles list an indoor pool with whirlpool, a gym with free weights, an aerobics room, a racquetball or squash court, a basketball court, billiards, table tennis and a spa with sauna.
A 2023 Globe and Mail report described the pool as saltwater and mentioned a rooftop garden on the 27th floor, which is unusual: most towers put their outdoor space at the top or on the podium. Squash and basketball courts in particular are rare downtown, because developers today give that floor area to suites.
All of this costs money to run and eventually to replace. A 564-suite building spreads that cost over many owners, which is why the fee here is not as high as the amenity list suggests. Still, read the reserve fund study for the pool, the courts and the mechanical equipment that supports them.
An angular tower with corner-heavy layouts
The tower’s footprint is angular rather than a plain rectangle, and that shapes the suites. The 2023 Globe piece described a roughly 1,200-square-foot corner two-bedroom with a triangular footprint, the living area facing one direction and the bedrooms another. Many suites here have that kind of split view, which buyers either love or find awkward to furnish.
Suites range from junior one-bedrooms to two-bedrooms with solariums, with floor-to-ceiling windows. Floor plans on file show different suite stacks for the lower floors, the upper floors and two-level penthouses at the top, so the same suite letter does not always mean the same layout. Ask for the specific floor plan rather than relying on a listing description.
Sizes run from about 497 to just over 3,200 square feet. The bulk of resale activity is in one-bedroom-plus-den and two-bedroom suites, which is where you will find the most comparables.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
A lobby built for living, and food downstairs
The lobby has a mezzanine seating area and a library, designed as a place for residents to meet guests rather than a corridor to the elevators. It has been written up in the Toronto Star, and it is one of the things that makes the building feel more like a club than a dormitory.
Profiles also mention restaurants at grade, including a pizza shop and a sushi spot. Retail tenants change, so check what is open when you visit, but having food in the building is a daily convenience. There is also 24-hour security, which the Globe’s listing agent singled out as a reason the building runs well.
A building with 564 suites also has the logistics of a small town. Ask how many elevators serve the tower, how move-ins are booked and how far ahead you need to reserve the freight elevator, because that affects both your own move and how easy the suite is to rent out.
Bay and St. Joseph, between campus and Yorkville
1001 Bay sits on the corridor between Wellesley and Bloor, with the University of Toronto and Queen’s Park a short walk west and Yorkville and the Manulife Centre to the north. That location gives the building a mixed owner base: professionals, students and their parents, downsizers and investors. The automatic panel on this page shows transit, schools and walkability.
Bay Street around St. Joseph has been filling in with newer towers, so you have plenty of modern alternatives nearby. That is useful for comparison shopping: you can see side by side what you give up and what you gain by choosing a 1990 building with large suites and a big amenity floor over a new one with small suites and a smaller gym.
For investors and resale buyers, the size of the building is an advantage. With 564 suites there is a deep pool of comparable sales and leases, so it is far easier to price a suite accurately here than in a 50-suite building. The flip side is competition: several similar suites are often on the market at once, and the ones that move quickly are priced right and presented well.
Price per square foot and fees at 1001 Bay
1001 Bay averages about $739 per square foot on condos.ca. That is below most of the newer towers on the Bay corridor, which is what you would expect for a building registered in 1990, and it is why buyers looking for space on this stretch end up here.
At the time of writing, the two one-bedroom-plus-den suites listed for sale, both in the 700 to 799 square foot range were asking between about $499,000 and $518,000, with fees of about $645 a month. That works out to around $0.86 per square foot in fees. The fee includes common elements, insurance, cable TV, parking and water; heat and hydro are separate.
Fees in a building with this many amenities are always going to be higher than in a building with only a gym. The fairer test is cost per square foot of usable space, including the amenities you would otherwise pay for. If you would never use the pool or courts, a newer building with fewer amenities may suit you better.
Building specifications
| Building name | 1001 Bay |
| Address | 1001 Bay Street, Toronto M5S 3A6 |
| Developer | Strasscorp Holdings |
| Storeys | 35 (one profile lists 36 floors including two-level penthouses) |
| Total suites | 564 |
| Condo corporation | MTCC-876 |
| Registered | 23 February 1990 |
| Property management | ICC Property Management |
| Suite sizes | Approximately 497 to 3,201 sq ft |
| Unit types | Junior 1 bedroom to 2 bedroom plus solarium, plus two-level penthouses |
| Maintenance fees | About $0.86 per sq ft on current listings |
| Fees include | Common elements, building insurance, cable TV, parking and water |
Amenities at 1001 Bay
Club 1001 means you can swim, play squash or shoot hoops without leaving the building, which is rare in the downtown core. The rooftop garden on the 27th floor gives the building outdoor space that many of its neighbours do not have.
Jatin’s honest take on 1001 Bay
Who this building suits
People who will actually use the amenities: swimmers, squash players and anyone who wants a full gym without a membership. It also suits graduate students, academics and hospital staff who want to be near the University of Toronto and Queen’s Park, and downsizers who want a larger suite with 24-hour security in a central location.
What I’d want you to check
With a building of this age and size, the reserve fund study is the most important document you will read. Look for the timing and cost of window and cladding work, elevator modernisation, the garage, and pool and court equipment. The building lists pet restrictions, so check the rules if you have a pet. Confirm whether the suite comes with parking and a locker, because the fee includes parking only if you own a space, and many one-bedroom listings have none.
The value question
At about $739 per square foot, 1001 Bay gives you more space and more amenities for your money than most of the newer towers on the corridor. The trade-off is age and a fee that reflects a big amenity floor. For an owner-occupier who will use Club 1001, I think it is one of the better-value buildings on Bay Street. For a pure investor, the fee needs to be modelled carefully against rent.
Free building report: 1001 Bay
Send me your email and I’ll put together a current report on 1001 Bay — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
1001 Bay — frequently asked questions
What amenities does 1001 Bay have?
The second-floor Club 1001 includes an indoor pool with whirlpool, a gym, aerobics room, squash or racquetball court, basketball court, billiards and a spa with sauna. There is also a rooftop garden on the 27th floor.
Is the pool at 1001 Bay saltwater?
A 2023 Globe and Mail report described it as a saltwater pool. Confirm with management, as equipment can change.
Who built 1001 Bay and when?
Strasscorp Holdings developed the building. The condominium corporation, MTCC-876, was registered on 23 February 1990, and one profile gives 1988 as the build year.
How many storeys and suites are there?
There are 564 suites. condos.ca lists 35 storeys, while another profile counts 36 floors, including two-level penthouses.
What do the maintenance fees include?
Fees include common elements, building insurance, cable TV, parking and water. Heat and hydro are billed separately.
Who manages 1001 Bay?
ICC Property Management is listed as the property manager.
How big are the suites?
Suites range from about 497 to 3,201 square feet, from junior one-bedrooms to two-bedrooms with solariums and two-level penthouses.
Why are some layouts at 1001 Bay unusual?
The tower has an angular footprint, so many corner suites are triangular or have the living area and bedrooms facing different directions.
Does every suite come with parking?
No. Many one-bedroom suites are sold without parking, so check the listing and the status certificate for parking and locker ownership.
Are pets allowed at 1001 Bay?
The building is listed with pet restrictions. Read the declaration and rules before you buy.
How much do condos at 1001 Bay sell for?
Over the last 12 months the median resale at 1001 Bay was $527,500, across 14 sales. The typical unit sold in 17 days at about 101% of the asking price. That works out to roughly $731 per square foot.
How much is rent at 1001 Bay?
The median lease at 1001 Bay over the last 12 months was $2,750/mo, from 73 leases. Units typically leased in 13 days.
What does each unit type cost at 1001 Bay?
Over the last 24 months: One-bedrooms sold for a median $510,000 and rented for $2,600/mo; Two-bedrooms sold for a median $846,000 and rented for $3,800/mo. Each median uses three or more deals.
Are prices at 1001 Bay up or down since 2022?
Down about 28%. The median sold price per square foot was $1,015 in 2022 and $731 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does 1001 Bay offer an investor?
At a median price of $527,500 and a median rent of $2,750 a month, the gross yield is about 6.3%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at 1001 Bay?
Mostly renters. Of the deals here in the last 24 months, 83% were leases and 17% were sales.
Can you Airbnb a unit at 1001 Bay?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has 1001 Bay had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is 1001 Bay zoned for?
For TDSB public schools, the address is zoned for Jesse Ketchum Junior and Senior Public School (Elementary, JK–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to 1001 Bay?
The nearest subway is Wellesley station (Line 1 Yonge–University), 0.3 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 2.3 km; UP Express runs from Union station, 2.3 km; the 506 Carlton streetcar stops 0.2 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of 1001 Bay?
Walk Score 99, Transit Score 96 and Bike Score 95. Most daily errands can be done on foot.
What restaurants and shops are near 1001 Bay?
Within about a 10-minute walk: Pizza Nova (Pizza), Tokyo Sushi (Sushi), Uncle Potato Noodle (Noodles), Shawarma Q (Shawarma), Togo Cafe (Restaurant). The closest grocery store is Loblaws, 0.5 km away.
Which parks are near 1001 Bay?
Clover Hill Park, Dr. Lillian McGregor Park, Breadalbane Park are the closest green spaces.
What is my unit at 1001 Bay worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at 1001 Bay lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at St. Lawrence, the Financial District and Downtown Yonge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including St. Lawrence, the Financial District and Downtown Yonge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at 1001 Bay, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More St. Lawrence, the Financial District and Downtown Yonge building guides: One King West Hotel & Residence · 1 Thousand Bay Condos · 101 McGill Street Townhouses · 1132 Bay Street Condos · 1166 Bay Street Condos · 18 Yonge
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.