$509,000

For sale

#2 25 Dervock Crescent, Toronto (Bayview Village), Ontario, M2K0G7

4 bd4 ba2 pk1,900 ft²+$581/mo

Listed by HOMELIFE NEW WORLD REALTY INC.

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Today

$529K

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Listed by TFN REALTY INC.

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For saleJust listed

Today

$548K

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Listed by RE/MAX CROSSROADS REALTY INC.

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For saleJust listed

Yesterday

$399K

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2 bd1 ba1 pk650 ft²+$733/mo

Listed by ANJIA REALTY

Investment analysis

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$509,000

Toronto

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#404 2885 Bayview Avenue, Toronto (Bayview Village) - Single Family for Sale

#404 2885 Bayview Avenue, Toronto (Bayview Village), Ontario, M2N3B4

1 bed1 bath1 parking650 ft²$543/mo condo feeListed 16 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $509,000, it is attractively priced about 15% 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.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome To The Highly Sought-After ARC Condos At Bayview Village! This Spacious 1-Bedroom Topaz Model Offers One Of The Building's Most Functional And Desirable Layouts, Featuring Clear Unobstructed East Views And An Oversized Private Balcony. Bright And Airy With 9' Ceilings, A Generous Open-Concept Living And Dining Area, And Beautiful Hardwood Flooring Throughout. The Modern Kitchen Features A Breakfast Bar, Granite Countertops, Stainless Steel Appliances, A Stylish Mirrored Backsplash, And Ample Cabinetry. Large Primary Bedroom With Semi-Ensuite Bath And Excellent Closet Space. Prime Bayview Village Location Just Steps To Bayview Subway Station, Bayview Village Shopping Centre, Restaurants, Groceries, And Everyday Amenities, With Quick And Convenient Access To Hwy 401. An Excellent Opportunity For End Users Or Investors! (id:66096)

Property Details

MLS®: C14095546
Property Type: Single Family
Zoning: Res.
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: $543/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,744.88/yr
Listed: 16 days ago

Rooms

Main level

Living room: 5.55 x 3.1 meters
Primary Bedroom: 4.21 x 2.85 meters
Dining room: 5.55 x 3.1 meters
Kitchen: 3.1 x 3.1 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, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$784

List price

$509K

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) 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 CENTURY 21 LEADING EDGE REALTY INC. · LOUIE LUK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $509,000, about 6.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $99,426 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$509,000· $784/ft²

For sale

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Full Cost Breakdown

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Down Payment5.09% · $25,900

Min 5.09%50%

Mortgage payment$2,678/mo

↳ CMHC premium ($19,324 capitalized)

Property tax (est.)$229/mo

Condo fee$543/mo

Total monthly$3,451

Cash Needed to Close

Down payment (5.09%)$25,900

Land transfer tax$13,310

Est. closing costs$4,027

Total cash needed$43,237

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice