$965,000 - 124 Chipwood Crescent, Bayview Village
Semi-Detached for Sale in Bayview Village
- MLS Number
- C13181600
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Listing Brokerage
- EXP REALTY
Rare opportunity to own a fully renovated 4-level back-split offering exceptional versatility, refined living, and strong income potential in one of North York's most desirable family-friendly neighbourhoods. This turnkey semi-detached residence features three completely self-contained living spaces, each with its own private entrance, providing true independence and privacy with no shared hallways or access. The upper level showcases a bright and spacious three-bedroom residence featuring a modern kitchen, elegant finishes, and an inviting open-concept layout ideal for families or end-users seeking both comfort and style. The middle level offers a beautifully updated one-bedroom suite with an oversized family room and in-suite laundry, perfect for extended family or additional rental income. The ground level features a fully self-contained bachelor studio currently generating immediate rental income, creating instant cash flow potential from day one. Thoughtfully upgraded throughout with renovated bathrooms, updated kitchens, and quality finishes, this property presents an exceptional opportunity for multi-generational living, investors, or buyers looking to offset mortgage costs with multiple income streams. Ideally situated in a prime North York location close to transit, shopping, parks, schools, and major highways, this rare offering combines lifestyle, flexibility, and long-term investment value in one outstanding property.
Estimate your monthly payments for this property
Estimated Payment
$4,950.95/mo
Includes CMHC insurance ($26,924)
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.
124 Chipwood Crescent, Hillcrest Village / Bayview Village
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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 $643/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 23 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.
Detached Home Advantages
Detached homes in Bayview Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Bayview Village. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,021 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.