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    The Penrose
    4for Sale
    4for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    30
    Number of Units:
    220
    Condo Completion:
    1999
    Condo Demand:
    Medium
    Unit Size Range:
    460 - 1,200 SQFT
    Unit Availability:
    Low

    Listing History for The Penrose

    Receive listing updates for Bay Street Corridor

    Amenities

    Concierge
    Bike Storage
    Lap Pool
    Indoor Parking
    Indoor Pool
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 750 Bay StreetThe Penrose

    Nestled in the Bay Street Corridor — arguably Toronto’s busiest neighbourhood — The Penrose strikes an impressive figure; standing at 30-storeys tall, this building’s multi-tiered design gives the impression of stretching towards the sky. With decorative touches like a unique sculpture display out front, and fully fleshed out amenities, there's a lot to like about this property.

    Speaking of amenities, residents of this building enjoy many extras — full-length indoor pool, indoor running track, whirlpool, fitness centre, sauna, party room, security guard, and parking garage.

    If you live a fast-paced life and are interested in Bay St condos for sale — The Penrose should be on your list of potential candidates. This building is well suited to professionals, students, couples, and first-time home buyers — with a condo in this building you have relaxing amenities at home and a vibrant community just outside your front door.

    The Suites

    Fantastic amenities and a great location would be meaningless without quality suites — fortunately, that’s exactly what you’ll find at 750 Bay St. There are 220 downtown Toronto condos in this building, all of which are bright and spacious, with open concept layouts, ensuite laundry, private balconies — some have 2 private balconies — and spacious bedrooms. Suite sizes range from roughly 500 square feet, to over 1100 for a 2 bedroom + den.

    The Penrose was completed in 1999, and some units may feature different finishes than others based on past renovations; which makes this a great opportunity for potential buyers, because with can’t beat location and spacious layouts, putting your own personal touch on a unit could yield a nice return in the future.

    Another enticing factor is price point — condos in the Bay Street Corridor can easily fetch 7 figures, but The Penrose has suites which are reasonably priced and are below comparable units in other buildings in the area. So, if you work in the financial district and you’ve been looking for an opportunity to break into the market; this could very well be your best bet.

    The Neighbourhood

    The Bay Street Corridor is as central as it gets — to the north you have Bloor and upscale boutique shopping, to the south you have the entertainment District and huge attractions, to the east you’ll find the Eaton Centre, and to the west you have the vintage capital of Toronto — Kensington Market.

    From your home at 750 Bay Street you’re immersed in the action — you can kick start your day with an espresso at Jimmy’s Coffee or Hailed Coffee - College Park on Gerrard. If it’s lunchtime and you need a bite on the run, there’s Pizza Pizza, Subway and Tim Hortons just outside your building. Or if you have some time to relax, there’s Jack Tan's, Bay Burger, Tosto Quickfire Pizza Pasta, all within a few minutes walk.

    For entertainment, there are nearby pubs like Duke of Somerset for a drink on a patio, concert venues to the east like Massey Hall and the Phoenix Concert Theatre, cultural exhibits on Bloor such as the ROM and Gardiner Museum, and even an expansive greenspace nearby at Queen’s Park. Sports fans can jump on a streetcar and ride to the Scotiabank Arena and Rogers Centre, without the inconvenience of $20 parking.

    Transportation

    750 Bay Street has a 99 Walk Score, making this an ideal location for residents who prefer to run errands on foot; there’s a Sobeys Urban Fresh across the street, a Fine Food Market just down the road, and Shoppers Drug Mart is on the corner of Bay and Gerrard for your prescription needs.

    Those who rely on public transit have north and southbound buses on Bay, streetcars on College, and College Station is minutes away for the Yonge-University subway line.

    Drivers can reach the Don Valley Parkway by heading north on Bay to Bloor and then east to the Danforth on-ramp. For the Gardiner Expressway, go south on Bay to Lakeshore Boulevard for the nearest on-ramp.

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    Explore Bay Street Corridor

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    The Penrose vs The Bay Street Corridor Area

    Days on Strata

    Units at The Penrose spend an average of
    33
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    22
    Units were Rented over the past twelve months

    Best Value Rank

    The Penrose offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    The Penrose has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    The Penrose yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    The Penrose is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 750 Bay Street

    Studio1 Bed2 Bed2 Bed + Den
    Price RangeNo Data$515,000 - $585,000$660,000 - $838,000No Data
    Avg. Cost Per SqftNo Data$900$794No Data
    Avg. Wait for Unit AvailabilityNo Data88 Days89 Days364 Days
    Ratio of Units in Building2%42%46%12%

    Unit Sales vs Inventory

    Total number of units listed and sold in Bay Street Corridor