$640,000 - 7 Bishop Avenue Unit 201, Willowdale
Condo for Sale in Willowdale
126 days on marketNeighbourhood: Newtonbrook East
- MLS Number
- C12789236
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Willowdale / Newtonbrook
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- ONE PERCENT REALTY LTD.
Own this high-demand Yonge-Finch condo for its direct underground access to Finch Subway, steps to Go & YRT stations, and sitting on a district with top-ranking schools Earl Haig SS, Finch PS and Cummer Valley MS. Seriously upgraded 2+1 Bed, 2 Bath with a renovated S/S galley kitchen, 2 fully renovated modern bathrooms and marble flooring throughout. This is also your desired split bedroom design - the principal bedroom is spacious with 4 pc modern ensuite, and the 2nd bedroom is roomy unlike others. Enjoy your private 260sq ft. deck which accommodates two outdoor entertaining areas - this expansive deck is one of only 4 in the building. It comes with 1 parking and 2 lockers! All-inclusive utilities (heat, hydro, water, central air, building insurance, parking, and common elements) in the maintenance fee. The building features an indoor pool, sauna, gym, squash/racquet court, pingpong/games room, rooftop terrace with BBQ, party/meeting room, ample visitor parking, car wash and 24/7 concierge. Feel the ultimate urban lifestyle as you pass by the countless restaurants and entertainment on your way to visit us.
Estimate your monthly payments for this property
Estimated Payment
$3,283.53/mo
Includes CMHC insurance ($17,856)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Newtonbrook East
Newtonbrook East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Newtonbrook East
- •Convenient location in Willowdale / Newtonbrook
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Newtonbrook East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
7 Bishop Avenue Unit 201, Willowdale / Newtonbrook
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $640/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 126 days on site, this property has exceeded the typical selling timeline for Willowdale. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Newtonbrook East
I know Newtonbrook East well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.