$389,000

For sale

#524 27 Rean Drive, Toronto (Bayview Village) - Single Family for Sale

#524 27 Rean Drive, Toronto (Bayview Village), Ontario, M2K0A6

1 bed1 bath1 parking550 ft²$637/mo condo feeListed 12 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $389,000, it is attractively priced about 35% below the $599,000 median asking price in Toronto. It has been on the market 12 days, fresher than the Toronto average of 49 days.

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Description

No offer date; offers accepted at any time. Quiet yet urban 27 Rean Drive offers the best version of Bayview Village. A very convenient location set inside a boutique, well-maintained building that feels calm, safe, and comfortable to come home to. The layout is exactly what you'd want in a condo: spacious and efficient with no wasted space. The south-facing exposure brings in natural light, while the kitchen offers more functionality than expected, with useful counter space, ample cabinet space, and a breakfast bar. What makes this suite stand out is the complete package. Parking is included! A decent-sized locker is included! And the location is impossible to beat: steps to Bayview Village Shopping Centre, Bayview Subway Station, dining, groceries, daily essentials, and only a short drive to the 401. Merci Condos offers fantastic amenities, including a gym, a rooftop deck with BBQs, a movie theatre, a party room, and concierge service. (id:66096)

Property Details

MLS®: C14112072
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $637/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,172/yr
Listed: 12 days ago

Rooms

Main level

Kitchen: 2.93 x 2.84 meters
Living room: 4 x 3.13 meters
Dining room: 4 x 3.13 meters
Primary Bedroom: 3.4 x 2.98 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Hood Fan
Exterior: Concrete
Lot Features: Elevator, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Toronto (Bayview Village) listings, avg age

49d

Price / ft²

$708

List price

$389K

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 12 days, which is 37 days fresher than the city average of 49. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · IGOR VERIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $389,000, about 4.7× the local median household income of $83,000.

Carrying it typically needs a household income of about $75,985 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$389,000· $708/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,450

Min 5%50%

Mortgage payment$2,049/mo

↳ CMHC premium ($14,782 capitalized)

Property tax (est.)$181/mo

Condo fee$637/mo

Total monthly$2,867

Cash Needed to Close

Down payment (5%)$19,450

Land transfer tax$8,620

Est. closing costs$3,667

Total cash needed$31,737

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