$549,000

$575,000For salePrice drop↓ $26,000 (5%)

#2503 1 Rean Drive, Toronto (Bayview Village) - Single Family for Sale

#2503 1 Rean Drive, Toronto (Bayview Village), Ontario, M2K3C1

3 beds2 baths1 parking750 ft²$799/mo condo feeListed 36 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $549,000, it is attractively priced about 8% below the $599,000 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 50 days.

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Description

Welcome to The Chrysler at 1 Rean Drive. Discover a bright and inviting 1-bedroom + large den suite in one of Bayview Villages most sought after communities. Freshly painted and thoughtfully designed with a spacious layout, this home offers a sun-filled solarium and beautiful, unobstructed north views perfect for relaxing or entertaining. The large den easily functions as a home office or second bedroom, providing flexibility for modern living. Enjoy the comfort and convenience of one parking space (conveniently located right by the elevator!) and one locker, plus an impressive array of building amenities including a 24-hour concierge, fitness centre, indoor pool, sauna, party and media rooms, guest suites, and ample visitor parking.Situated steps from Bayview Village Shopping Centre, Bayview Subway Station, and the YMCA, you'll love the easy access to upscale shopping,dining, parks, and transit. Quick access to Highway 401 makes commuting a breeze. A rare opportunity to live in a premier building where comfort, convenience, and lifestyle meet - make this lovely suite your next home. PLEASE NOTE THAT SOME IMAGES HAVE BEEN VIRTUALLY STAGED (id:66096)

Property Details

MLS®: C13850636
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 1 above · 2 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $799/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,722.26/yr
Listed: 36 days ago

Rooms

Flat

Living room: 6.48 x 3.13 meters
Dining room: 6.48 x 3.13 meters
Kitchen: 2.74 x 2.74 meters
Bedroom: 3.23 x 2.99 meters
Den: 3.17 x 2.44 meters
Solarium: 2.92 x 1.82 meters

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

Features

Flooring: Laminate
Exterior: Stone, Stucco

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$732

List price

$549K

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 3-bed single family in Toronto (Bayview Village) has been listed for 36 days, which is 14 days fresher than the city average of 50. Act while there is still low competition.

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · BRYNN LACKIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $549,000, about 6.6× the local median household income of $83,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 29% 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)

$549,000· $732/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$227/mo

Condo fee$799/mo

Total monthly$3,903

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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