27 Rean Drive, Toronto, ON
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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 $520,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available with a convenient other configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Unit 224 at 27 Rean Drive, situated in the coveted Bayview Village area. This spacious 1-bedroom unit, covering 660 sq.ft., has been newly renovated and painted. It features brand new vinyl flooring throughout, fresh paint, and a new vanity in the bathroom. The practical layout includes a spacious open-concept living and dining area that leads to a serene private balcony. The large primary bedroom, with its generous window, invites abundant natural light and offers an en-suite feel with direct access to the bathroom.The building is conveniently located just steps from Bayview Village Shopping Mall, public transit, the subway station, IKEA, and various restaurants, with quick access to Hwy 401 at the Bayview entrance. This property is ideal for investors or first-time buyers, offering strong rental and resale potential. The condo has been meticulously maintained and exudes pride of ownership.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 27 Rean Drive 224, Toronto C15, ON M2K 0A6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $520,000 in Toronto, the legal minimum down payment is $27,000 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 $6,875 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,875 also applies, bringing the total estimated land transfer taxes to $13,750.
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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.
