$749,000 - 1387 Bayview Avenue Unit 203, Don Mills
Condo for Sale in Don Mills
- MLS Number
- C13173252
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Flemingdon Park / Don Mills
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- Juliette
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Welcome to SAHIL (Stay At Home In Leaside), built in 1999, this unique boutique building with only 18 suites is a LIFE LEASE (also known as a LIFE TENURE). Buyers must be over 60 years of age and looking for a peaceful living environment. Spacious oversized 1,250 SF with 2 bdrm +1 office/den and 2 full bathrooms. This suite was not just renod, it was gutted in 2013, the popcorn ceilings were replaced with smooth ceilings & Vintage 3/4" engineered hardwood installed thruout. Every surface, fixture, floor and fitting was replaced to a higher standard and to enhance aging-in-place. The kitchen was completely redesigned & opened to the living and dining room. It boasts lots of Quartz counter space, tons of cupboards and a pantry along with a lovely window to your neighbourhood. The main living area is open concept with tons of natural light and ideal for entertaining family & friends. The laundry room includes a full-size washer & dryer with upper shelving. The Primary bdrm boasts a very large double closet and a fabulous 3 PC spa inspired with Quartz counters, a frameless glass walk/roll-in shower stall, wall-mounted shower bench, handheld showerhead & multiple grab bars, every detail considered for your safety. The 2nd bdrm is a good size with a large double-closet. And there's a linen closet too. Stay At Home In Leaside is a short walk to Bayview cafes, restaurants, shops and day to day services with a TTC bus stop conveniently located at the door. NOTE: Land Transfer Tax does not apply to LIFE LEASES which is a substantial savings. LIFE LEASE is home ownership where a corporation owns the apartment units but leases them for the lifetime of the Buyer. Buyers purchase the right to occupy the unit for their lifetime & pay a monthly fee (much lower than condo fees) to the Corporation. Its all about worry-free maintenance. This is not a compromise, you can Stay At Home In Leaside, in the neighbourhood you love, on your own terms.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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 Flemingdon Park / Don Mills
Flemingdon Park / Don Mills 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 Flemingdon Park / Don Mills
- •Convenient location in Flemingdon Park / Don Mills
- •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
Flemingdon Park / Don Mills 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.
1387 Bayview Avenue Unit 203, Flemingdon Park / Don Mills
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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 $624/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 15 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: Don Mills properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,121 (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.