$568,000 - 8 Rean Drive Unit 1505, Bayview Village
Condo for Sale in Bayview Village
42 days on marketNeighbourhood: Bayview Village
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- MLS Number
- C13713288
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Taxes (2026)
- $3,108
- Maintenance Fees
- $1,022/mo
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- BAY STREET GROUP INC.
Bright & Spacious Corner Unit! This beautifully upgraded 2-bedroom, 2-bathroom residence features 2 parking spaces, a functional layout, and abundant natural light throughout. Enjoy unobstructed views from all four sides with a desirable Northeast exposure. The Entire home has been thoughtfully updated, including New Painting, New Hardwood Flooring, Modern light fixtures, New bathroom vanities and toilets, and Contemporary appliances. A truly move-in-ready home offering everything a small family needs for comfortable living.Well-maintained building with water and hydro included. Prime location at Bayview & Sheppard, just minutes to Hwy 401, subway stations, shopping, restaurants, supermarkets, and everyday amenities. An excellent choice for those seeking comfort, convenience, and exceptional value in a highly accessible location.
Estimate your monthly payments for this property
Estimated Payment
$2,914.13/mo
Includes CMHC insurance ($15,847)
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 Bayview Village
Bayview Village 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 Bayview Village
- •Convenient location in Hillcrest Village / Bayview Village
- •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
Bayview Village 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.
8 Rean Drive Unit 1505, Hillcrest Village / Bayview Village
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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 $710/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.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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. The $1022/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Bayview Village
I know Bayview Village 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: Bayview Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.