$648,000 - 1 Rean Drive Unit 2703, Bayview Village
Condo for Sale in Bayview Village
61 days on market- MLS Number
- C13006258
- Property Type
- Condo
- Status
- active
- Days on Site
- 61
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 PERCY FULTON LTD.
A rare opportunity to own a penthouse suite at NY Towers - The Chrysler, where space, light, and potential come together in a way that's hard to find. Spanning over 1,300 sq ft, this expansive 2+1 bedroom layout features a thoughtfully designed split-bedroom floor plan, ideal for both privacy and everyday living. The separate den offers a dedicated office space-perfect for today's work-from-home lifestyle. Complete with two side-by-side parking spaces and a locker, this is condo living without compromise. The oversized living and dining areas create a true sense of openness, while the family-sized kitchen offers ample space to cook, gather, and entertain. Flooded with natural light, the bedrooms feature large east-facing windows and direct walk-outs to the balcony, where sweeping sky-high views elevate your everyday. The primary is generously sized, complete with a walk-in closet and a 4-piece ensuite featuring a jacuzzi tub. Lovingly maintained in clean, classic condition, this suite is move-in ready while offering incredible potential to modernize and truly make it your own. Step outside to your balcony, complete with a rare gas line-an exclusive penthouse feature, perfect for elevated outdoor living and entertaining. Residents enjoy access to the Liberty Club, offering premium amenities including a large pool, hot tub, fitness centre, media room, ping pong, golf simulator, and more. Located in a highly sought-after neighbourhood just moments from Bayview Village, Hwy 401, and Bayview Subway Station, this is a lifestyle defined by convenience, connectivity, and long-term value. Penthouse living. Space to grow. A canvas to create. Discover the opportunity that PH 2703 has to offer.
Estimate your monthly payments for this property
Estimated Payment
$3,324.58/mo
Includes CMHC insurance ($18,079)
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 Hillcrest Village / Bayview Village
Hillcrest 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 Hillcrest Village / 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
Hillcrest Village / 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.
1 Rean Drive Unit 2703, 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 $540/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 61 days on site, this property has exceeded the typical selling timeline for Bayview Village. 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.
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 $2,700 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.