Prices shown are approximate and subject to change. Verify with developer or licensed agent.
About Bay & Elm Condos
Bay & Elm Condos is a new pre-construction condominium planned for 650 Bay St in Downtown Core, Toronto. Developed by Unexus Group, full unit counts and heights are still being confirmed, with occupancy dates still to be confirmed. The development is distinguished by direct transit connectivity. Residents will be positioned near Yonge-Dundas Square and Eaton Centre.
Bay & Elm Condos is distinguished from typical pre-construction projects in the area by direct transit connectivity. The current construction stage is described as "registration," which affects the timing of deposits, interim occupancy and final closing. Buyers researching the project should review the developer's official brochure and floor plan set for the current confirmed specifications, as details are subject to change as construction progresses.
Living in Downtown Core
Bay & Elm Condos sits at 650 Bay St, within the Church-Yonge Corridor, Bay Street Corridor and Garden District. This part of Downtown Core is central Toronto, within walking distance of Yonge-Dundas Square, the Financial District and Toronto Metropolitan University.
Rapid transit is provided by Dundas Station on Line 1 (Yonge-University), walkable from most sites in the corridor, and Queen Station on Line 1, connecting north to Bloor and south to Union, and College Station on Line 1, a few minutes north. Surface transit includes the 501 Queen and 505 Dundas streetcars, the 506 Carlton streetcar, multiple Yonge Street bus and shuttle connections. Future service on the Ontario Line will introduce new stations at Queen, Moss Park and Corktown, improving east-west connectivity for the corridor.
Nearby destinations include Yonge-Dundas Square, the primary public plaza of downtown Toronto; Eaton Centre, the main downtown shopping mall; Toronto Metropolitan University, centred on Gould Street; the Discovery District hospitals, including Toronto General, Mount Sinai, SickKids and Princess Margaret. The Financial District, Discovery District and the healthcare cluster along University Avenue are all within a 10 to 15 minute walk. The area serves a mix of downtown professionals, hospital and university staff, students and pied-a-terre owners.
Buyer and Investment Considerations
Bay & Elm Condos may appeal to end-users and investors focused on Downtown Core. The location draws on Financial District office employment, healthcare jobs along University Avenue and university employment at Toronto Metropolitan University. Rental demand in the downtown core is supported by hospital, university and Financial District employment, and by ongoing tourism.
A firm occupancy date has not been publicly released. Purchasers should ask the developer for the current construction schedule and expected interim occupancy window. Buyers should review proposed maintenance fees, deposit schedule, parking and locker pricing and any assignment restrictions before committing.
From an investment perspective, buyers should compare Bay & Elm Condos' final pricing, price per square foot, suite efficiency and monthly carrying costs with existing resale condominiums in Downtown Core and with competing pre-construction projects expected to reach completion in the same window. A significant volume of high-rise pre-construction inventory is either under construction or in registration across the corridor, which may compress lease-up pace at delivery. Future value and rental performance will depend on the final purchase price, carrying costs, unit layout and the amount of competing supply delivered before occupancy.
About Unexus Group
Unexus Group is a the Greater Toronto Area real estate developer focused on residential condominium development. Publicly verified information on the company's completed portfolio is limited. For buyers evaluating Bay & Elm Condos, buyers may wish to request a list of completed projects and reference contacts from the developer directly.
Important Considerations Before Purchasing
- Estimated occupancy dates can change based on construction progress and municipal approvals.
- Interim occupancy may apply, during which residents pay an occupancy fee before final closing.
- Final suite measurements, ceiling heights and finishes may differ from what is shown in renderings or brochures.
- Maintenance fees quoted at sales launch are estimates and may be adjusted before or after occupancy.
- Views can be affected by future adjacent development.
- Development charges and other municipal fees may apply at closing.
- Assignment policies vary between developers and may be restrictive.
- Renderings are artist concepts. Final building appearance may vary.
Bay & Elm Condos Pricing and Floor Plans
Pricing and available floor plans for Bay & Elm Condos are subject to change as suites are reserved or released. Contact CondoWizard for the current price list, floor plans, deposit structure and any purchaser incentives available at the time of your enquiry.
Information last verified: 2026-07-25
Amenities
The proposed amenity program at Bay & Elm Condos is oriented around a mix of wellness, social and work-from-home spaces typical of new downtown condominiums. Final amenities, hours and access rules are set by the developer and property manager and may change ahead of occupancy. Confirmed amenities will be published in the official disclosure statement.
Frequently Asked Questions
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