$528,000

For sale

#1505 8 Rean Drive, Toronto (Bayview Village) - Single Family for Sale

#1505 8 Rean Drive, Toronto (Bayview Village), Ontario, M2K3B9

2 beds2 baths2 parking850 ft²$1,022/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $528,000, it is attractively priced about 12% below the $599,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 50 days.

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Description

Bright & Spacious Corner Unit! This beautifully upgraded 2-bedroom, 2-bathroom residence features 2 parking spaces, a functional layout, and abundant natural light throughout. Enjoy unobstructed views from all four sides with a desirable Northeast exposure. The Entire home has been thoughtfully updated, including New Painting, Engineered Hardwood Flooring, Modern light fixtures, New bathroom vanities and toilets, and Contemporary appliances. A truly move-in-ready home offering everything a small family needs for comfortable living.Well-maintained building with water and hydro included. Prime location at Bayview & Sheppard, just minutes to Hwy 401, subway stations, shopping, restaurants, supermarkets, and everyday amenities. An excellent choice for those seeking comfort, convenience, and exceptional value in a highly accessible location. (id:66096)

Property Details

MLS®: C14094970
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,022/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,107.6/yr
Listed: 16 days ago

Rooms

Ground level

Living room: 3.05 x 4.17 meters
Dining room: 1.75 x 2.08 meters
Kitchen: 2.24 x 2.44 meters
Primary Bedroom: 3.18 x 3.3 meters
Bedroom 2: 2.44 x 3.38 meters
Foyer: 2.33 x 2.05 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, Microwave, Window Coverings
Flooring: Hardwood, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$622

List price

$528K

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 2-bed single family in Toronto (Bayview Village) has been listed for 16 days, which is 34 days fresher than the city average of 50. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · SHERRY YANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $528,000, about 6.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $103,137 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$528,000· $622/ft²

For sale

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Full Cost Breakdown

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Down Payment5.27% · $27,800.00

Min 5.27%50%

Mortgage payment$2,773/mo

↳ CMHC premium ($20,008 capitalized)

Property tax (est.)$259/mo

Condo fee$1,022/mo

Total monthly$4,055

Cash Needed to Close

Down payment (5.27%)$27,800

Land transfer tax$14,070

Est. closing costs$4,084

Total cash needed$45,954

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