$850,000 - 12 Lace Fernway Way, Bayview Village
Condo for Sale in Bayview Village
35 days on market- MLS Number
- C13112734
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to The Fernways, one of North York's most sought-after family-friendly communities! This beautifully updated townhouse offers the perfect blend of comfort, convenience, and modern upgrades. Located steps from top-rated junior, middle, and high schools, as well as Seneca College, this home is ideal for families, students, and professionals alike. Linus Park, Peanut Plaza, No Frills, restaurants, shopping, and everyday amenities are all nearby. Public transit is easily accessible with a nearby bus stop offering direct routes to Finch Station, along with quick access to Don Mills Subway Station and Highways 401 & 404 for seamless commuting across the city. This move-in-ready home has been extensively upgraded over the years. Brand-name Magic Windows were installed in 2022 and include a transferable warranty. The main living area was stylishly renovated in 2024, creating a bright and modern living space. A brand-new HVAC system with smart thermostat was installed in 2024 for enhanced comfort and energy efficiency, along with a new washer added the same year. The kitchen was upgraded in 2022 with custom pantry cabinets and drawers, providing excellent storage and functionality. The entire home has been freshly painted and enhanced with modern pot lights throughout, adding warmth and elegance to every room. The garage also features several upgrades, including a new garage door and opener installed in 2022, durable epoxy flooring, and additional storage shelving for improved organization. The condo corporation replaced the roof shingles in 2023, offering long-term durability and peace of mind. Plenty of visitor parking is conveniently located just outside the townhouse. Monthly maintenance fees include high-speed internet, cable TV, and water, making this property an exceptional value in a highly desirable North York neighbourhood. A rare opportunity to own a beautifully upgraded home in a prime location!
Estimate your monthly payments for this property
Estimated Payment
$4,360.94/mo
Includes CMHC insurance ($23,715)
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.
12 Lace Fernway Way, 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 $607/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 35 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. 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 $3,542 (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.