2 Rean Drive, Toronto, ON

$615,000
MLS#:C8421692
2 beds
2 baths
800-899 sqft
1.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Bayview Village. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $615,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Well maintained Original Owner Unit offering over 800 Sq Ft of Living Space. 2 Bedroom and 2 Bath. Clean and Bright Corner Unit. Quiet and Private Balcony with 2 walk outs. Functional Eat In Kitchen with Windows! Spacious Primary Bedroom with 4 Piece Ensuite and Double Closet. Second Bedroom with Walk in closet, currently being used as Dining Area. Large Laundry closet with room for Storage. Sophisticated living at The Waldorf condo which offers it's residents amenities such as a Gym / Exercise Room, Pool, Concierge and a Party Room. Other amenities include Guest Suites, Meeting / Function Room, Parking Garage, Sauna, Security Guard and an Enter Phone System. The Air Conditioning, Common Element Maintenance, Heat, Hydro, Building Insurance and Water are included in the monthly maintenance fees. Sought after and convenient Bayview Village Neighbourhood. Quick access to Bayview Village Shops, Transit, Highways 404, DVP and 401. Nearby parks include Rean Park, Talara Park and Hawksbury park. Great Value in a Great Location!

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 12, 2024
Sold price information is available to members only
Listed Date6/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$2,732.41

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Park, Public Transit, School

Interior Features

None

Security Features

Security Guard, Concierge/Security

Community Features

Location

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2 Rean Drive, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2 Rean Drive 401, Toronto C15, ON M2K 3B8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$36,500 (5.9%)
* Minimum Canadian down payment required for this price is $36,500.
Amortization Period25 Years
Estimated Monthly Payment$3,447Based on a loan of $578,500 over 25 years.
Purchase Price$615,000
Loan Amount$578,500
Provincial Land Transfer Tax:$8,775
Toronto Municipal Land Transfer Tax:$8,775
Total Estimated Closing Taxes:$17,550

About Purchasing a Home in Toronto, ON

For a property listed at $615,000 in Toronto, the legal minimum down payment is $36,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,775 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,775 also applies, bringing the total estimated land transfer taxes to $17,550.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Bayview Village, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,006,966

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Gabriel
Public396 Spring Garden Avenue, North York, Toronto, Ontario, M2N 3H5
5.4
St Andrew
Public131 Fenn Avenue, Toronto, Ontario, M2P 1X7
4.1
St Matthias
Public101 Van Horne Avenue, Toronto, Ontario, M2J 2S8
6.2
Earl Haig
Public100 Princess Avenue, North York, Toronto, Ontario, M2N 3R7
6.9
St Timothy
Public25 Rochelle Crescent, Toronto, Ontario, M2J 1Y3
6.9

Secondary Schools

York Mills
Public490 York Mills Road, Toronto, Ontario, M3B 1W6
9.0
Étienne-Brûlé
Public300 Banbury Road, Toronto, Ontario, M2L 2V3
7.2
Earl Haig
Public100 Princess Avenue, North York, Toronto, Ontario, M2N 3R7
8.9
Cardinal Carter-Arts
Public36 Greenfield Avenue, North York, Toronto, Ontario, M2N 3C8
9.3
Lester B Pearson
Public7 Snowcrest Avenue, Toronto, Ontario, M2K 2K5
5.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.