$519,000

For sale

#1126 2885 Bayview Avenue, Toronto (Bayview Village) - Single Family for Sale

#1126 2885 Bayview Avenue, Toronto (Bayview Village), Ontario, M2K0A3

1 bed1 bath1 parking650 ft²$553/mo condo feeListed 53 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $519,000, it is attractively priced about 13% below the $599,000 median asking price in Toronto.

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Description

Experience luxury living in this bright and spacious unit at the award-winning Daniels-built Arc Condos in Bayview Village. Featuring an open-concept design with floor-to-ceiling windows, 9-foot ceilings, hardwood flooring, and a sleek kitchen with stainless steel appliances, granite counters, and a central island, this unit exudes modern elegance. Step onto the large east-facing balcony to enjoy stunning views and your morning coffee. Located in the heart of Bayview Village, this prestigious building is steps from the Bayview Subway Station, Bayview Village Shopping Centre, Pusateri's, upscale dining, and cafes. With easy access to the 401 and DVP, commuting is effortless. Enjoy top-tier amenities, including a 24-hour concierge, indoor pool, steam room, gym, party room, outdoor terrace with BBQs, sauna, rooftop garden, library, guest suites, billiards, and more. Ample visitor parking and direct subway access make this an ideal choice for urban living. Don't miss out on this luxurious home in one of Toronto's most sought-after locations! Pictures from previous listing. (id:66096)

Property Details

MLS®: C13780148
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $553/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,783/yr
Listed: 53 days ago

Rooms

Ground level

Foyer
Living room: 5.94 x 3.05 meters
Dining room: 5.94 x 3.05 meters
Kitchen: 3.7 x 2.4 meters
Primary Bedroom: 3.3 x 2.84 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Blinds, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$799

List price

$519K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Toronto (Bayview Village) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX EXCEL REALTY LTD. · DONNA GAO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $519,000, about 6.3× the local median household income of $83,000.

Carrying it typically needs a household income of about $101,379 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $83,000
Population: 25,377
Median age: 40.4
Owner / renter: 56% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M2K)

$519,000· $799/ft²

For sale

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Full Cost Breakdown

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Down Payment5.18% · $26,900

Min 5.18%50%

Mortgage payment$2,728/mo

↳ CMHC premium ($19,684 capitalized)

Property tax (est.)$232/mo

Condo fee$553/mo

Total monthly$3,513

Cash Needed to Close

Down payment (5.18%)$26,900

Land transfer tax$13,710

Est. closing costs$4,057

Total cash needed$44,667

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