18 Rean Drive Unit 204, Toronto C15

Price: $499,900

2 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: C13454332

Welcome to this beautifully updated 1-bedroom plus den condominium in the highly desirable Bayview & Sheppard neighbourhood. Offering 589 sq. ft. of thoughtfully designed living space, this turnkey suite features a newly renovated kitchen with high-end appliances, new bleached oak laminate flooring, fresh paint throughout, a private open balcony, and the added convenience of an oversized parking space and storage locker.The functional layout is ideal for young professionals, first-time buyers, or downsizers seeking a low-maintenance lifestyle without sacrificing comfort. The versatile den provides the perfect space for a home office, study area, or creative retreat, while the open-concept living area is designed for both everyday living and entertaining.Residents enjoy a fantastic selection of amenities, including a rooftop terrace, fitness centre, café/games lounge, and party room.Location is second to none. Just steps from TTC subway and transit, commuting downtown is effortless, while Highway 401 is only minutes away for easy access throughout the GTA. Surrounded by the prestigious Bayview Village community, you'll enjoy exceptional shopping, restaurants, cafés, grocery stores, parks, places of worship, and some of the area's most sought-after schools.Whether you're looking to enter the market, invest, or simplify your lifestyle, this move-in-ready condo offers outstanding value in one of Toronto's most convenient and established neighbourhoods.

18 Rean Drive Unit 204 - Condo photo 1 of 29 in Hillcrest Village / Bayview Village, Ontario
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New Listing
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$499,900 - 18 Rean Drive Unit 204, Bayview Village

Condo for Sale in Bayview Village

New — Listed 2 days ago
2Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
C13454332
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Hillcrest Village / Bayview Village
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
ROYAL HERITAGE REALTY LTD.
Description

Welcome to this beautifully updated 1-bedroom plus den condominium in the highly desirable Bayview & Sheppard neighbourhood. Offering 589 sq. ft. of thoughtfully designed living space, this turnkey suite features a newly renovated kitchen with high-end appliances, new bleached oak laminate flooring, fresh paint throughout, a private open balcony, and the added convenience of an oversized parking space and storage locker.The functional layout is ideal for young professionals, first-time buyers, or downsizers seeking a low-maintenance lifestyle without sacrificing comfort. The versatile den provides the perfect space for a home office, study area, or creative retreat, while the open-concept living area is designed for both everyday living and entertaining.Residents enjoy a fantastic selection of amenities, including a rooftop terrace, fitness centre, café/games lounge, and party room.Location is second to none. Just steps from TTC subway and transit, commuting downtown is effortless, while Highway 401 is only minutes away for easy access throughout the GTA. Surrounded by the prestigious Bayview Village community, you'll enjoy exceptional shopping, restaurants, cafés, grocery stores, parks, places of worship, and some of the area's most sought-after schools.Whether you're looking to enter the market, invest, or simplify your lifestyle, this move-in-ready condo offers outstanding value in one of Toronto's most convenient and established neighbourhoods.

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Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

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5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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.

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Neighbourhood Guide: Hillcrest Village / Bayview Village

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

18 Rean Drive Unit 204, Hillcrest Village / Bayview Village

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,417

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $1000/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Bayview Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 500 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.

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.

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    18 Rean Drive Unit 204 | $499,900 | Battaglia Team