$599,999 - 1480 Bayly Street Unit 1014, Pickering
Condo for Sale in Pickering
43 days on marketNeighbourhood: Bay Ridges
- MLS Number
- E13076372
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Pickering
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Steps to Pickering GO Station, this bright and spacious 3-bedroom suite at Universal City Condominiums offers approximately 1,306 sq. ft. of total living space and a rare wrap-around private balcony. Thoughtfully designed with an open-concept kitchen, living, and dining area, this unit is ideal for both everyday living and entertaining. The split-bedroom layout provides excellent privacy, featuring a primary bedroom with a walk-in closet and ensuite, along with two additional bedrooms perfect for family, guests, or a home office. A dedicated media/flex space adds versatility for work or relaxation. Floor-to-ceiling windows bring in abundant natural light, while the wrap-around balcony extends your living space outdoors with multiple access points. Recent upgrades include frameless mirrored closet doors in all bedrooms, new light fixtures, fresh paint, and carpet-free living with laminate flooring. Enjoy premium amenities including a gym, outdoor pool with BBQ area, 24-hour concierge, guest suites, bike storage, and a dog spa. Located in a highly sought-after community with quick access to transit, shopping, dining, and major highways. Ideal for end-users and investors.
Estimate your monthly payments for this property
Estimated Payment
$3,078.31/mo
Includes CMHC insurance ($16,740)
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 Bay Ridges
Bay Ridges 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 Bay Ridges
- •Convenient location in Pickering
- •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
Bay Ridges 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.
1480 Bayly Street Unit 1014, Pickering
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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 $600/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 43 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.
About Bay Ridges
I know Bay Ridges well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Pickering properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.