$2,180,000 - 2977 Bayview Avenue, Bayview Village
Detached for Sale in Bayview Village
43 days on market- MLS Number
- C13078286
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Top-Ranked School - Earl Haig SS **67 Ft x 170.53 Ft** - Backing Onto Bayview Village Park & Facing a City Parkette**RARE-OPPORTUNITY To Own "A Jewel Land"**Welcome to this exceptional detached family home on a prime corner of BAYVIEW/CITATION in the highly sought-after Bayview Village community. Situated on a premium lot 67 Ft x 170.53 Ft with a deep, private backyard backing onto lush greenery, this property offers a rare combination of comfort, space, and versatility for end-users and investors alike.The home features a spacious and functional layout W/ sun-filled principal rooms, open-concept living and dining areas & a family-sized eat-in kitchen overlooking the serene backyard. Well-proportioned bedrms on the second flr provide ideal family living, complemented by the convenience of main floor laundry.A separate entrance leads to a bright & self-contained lower level, offering an Excellent Potential for Rental Income or Extended Family Living. A studio-style area on main Flr provides further flexibility for additional income opportunities, making this property ideal for multi-generational living or savvy investors seeking supplemental income.Located close to all amenities, this home offers both lifestyle & convenience in one of Toronto's most desirable neighbourhoods.Additionally, the property presents Potential Future Development Opportunities, including possible townhouse redevelopment and increasing land density opp(The buyer is to verify the buyer's future rezoning opportunity with City Planner).A rare offering that blends comfortable family living, income potential, and long-term investment value.Located steps to all Amenities : Bayview Village Mall,Ravine,Top Rated Schools,Subway Station, Transit,Parks,Hwys. Extras: 2Kitchens(Main/Lower Levels)*2Sets Of Appl(Main Flr-Fridge,Newer Stove(2024),Hood fan,B/I Dishwasher & Bsmt--Newer Fridge(2024),Stove & Washer/Dryer,Updated Furance,Garage Dr-Opener,Newer Laminate Flr(Main Flr)
Estimate your monthly payments for this property
Estimated Payment
$9,642.88/mo
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.
2977 Bayview Avenue, 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
Fair Market Value
At $1090/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.
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.
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.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Bayview Village.
Bathroom Count Matters
With 6 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 $9,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.