$348,888

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#923 2885 Bayview Avenue, Toronto (Bayview Village) - Single Family for Sale

#923 2885 Bayview Avenue, Toronto (Bayview Village), Ontario, M2K0A3

0 beds1 bath0 parking250 ft²$350/mo condo feeListed 55 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space.

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Description

The highly sought after 'ARC' by The Daniels Corporation. This very bright, clean and large studio unit (480 interior sq ft) is equipped with brand new premium LVP flooring and is ideally located right at Bayview Subway station and directly abutting the Bayview Village Mall - a dream location for both downtown commuters and those working from home. Minutes to the 401, and surrounded by excellent area amenities, this spacious and efficient studio model is equipped with 1 full washroom and will not disappoint whether you are an end-user or a savvy investor. Excellent building amenities in this unique and award-winning development by one of the city's most reputable builders. (id:66096)

Property Details

MLS®: C13768606
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $350/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,187/yr
Listed: 55 days ago

Features

Appliances: Washer, Dryer, Window Coverings
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$1,398

List price

$349K

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 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 ROYAL LEPAGE SIGNATURE REALTY · MATT TICKNOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $348,888, about 4.2× the local median household income of $83,000.

Carrying it typically needs a household income of about $68,150 (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)

$348,888· $1,398/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,444.40

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,258 capitalized)

Property tax (est.)$182/mo

Condo fee$350/mo

Total monthly$2,370

Cash Needed to Close

Down payment (5%)$17,444

Land transfer tax$7,417

Est. closing costs$3,547

Total cash needed$28,408

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#923 2885 Bayview Avenue, Toronto (Bayview Village) - Single Family for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M2K)

Book a showing

Full Cost Breakdown