$728,000 - 115 McMahon Drive Unit PH 10, Bayview Village
Condo for Sale in Bayview Village
79 days on market- MLS Number
- C12942338
- Property Type
- Condo
- Status
- active
- Days on Site
- 79
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- LANDPOWER REAL ESTATE LTD.
Welcome to this stunning PENTHOUSE corner unit in the prestigious Bayview Village area. This southeast-facing modern unit offers 10' smooth ceilings, 793 sq. ft. of stylish living space with 2 bedrooms, 2 full bathrooms, and a large 155 sq. ft. balcony featuring an unobstructed view. Enjoy abundant natural light from floor-to-ceiling windows to flow in and creates space that is bright and cheerful. Newer laminate flooring throughout (Nov 2023) with an in-suite laundry. The open-concept layout is anchored by a modern kitchen with high-end built-in appliances, quartz countertops and backsplash. Spacious Living / Dining area allows for many comfortable evenings of entertaining. The spacious primary bedroom features picturesque view and includes a 4pc ensuite bathroom. Amazing Mega Club amenities: full size basketball/volleyball/badminton courts, tennis court, gym, party room and more. Enjoy the convenience of being steps to subway stations. TTC, Canadian Tire, banks, Ikea. Close to North York General Hospital, restaurants, shops, parks, Oriole GO station, Bayview Village, Fairview Mall. Easy access to Hwy 401 & DVP.
Estimate your monthly payments for this property
Estimated Payment
$3,735.02/mo
Includes CMHC insurance ($20,311)
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.
115 McMahon Drive Unit PH 10, 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
Fair Market Value
At $1040/sqft, this property is priced in line with current Bayview Village market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 79 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.
Efficient Living
At 700 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.
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 $3,033 (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.