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    Toronto / North York / Bayview Village

    524 - 27 Rean Dr

    For SaleMerci Condos
    $499,000
    Price Cut: $515,000
    1 Bed
    1 Bath
    1 Parking
    600 - 699 SQFT
    40 Days on Strata
    Est Sell Timeframe
    21 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $611/mth
    Taxes:
    $2,060 (2024)
    Cost Per Sqft:
    $714 - $832/sqft
    Locker:
    Owned
    Outdoor Space:
    Enclosed/Solarium
    Exposure:
    South
    Possession Date:
    July 23, 2025
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Balcony, Hardwood Floor, South View
    13.12 x 10.27ft
    Dining
    Combined with Living, Hardwood Floor
    13.12 x 10.27ft
    Kitchen
    Built-in Microwave, Granite Counter, Breakfast Bar
    9.61 x 9.32ft

    About this Listing

    Quiet, well-maintained building in a safe neighbourhood. South-facing corner unit with enhanced privacy and an enclosed balcony, offering natural light throughout the day. Parking spot + large storage locker included. Located in the luxury Merci Condos, this boutique building offers top-tier amenities, including a gym, rooftop deck with BBQ and patio furniture, movie theatre, party room, and concierge service. Features include a reverse osmosis water filtration system installed at the kitchen sink for clean, purified water. Steps from Bayview Village Shopping Centre, Bayview Station, and a short drive to Highway 401. Move-in-ready in one of Toronto's most desirable neighbourhoods. Be sure to check out the 360 virtual tour for a complete walkthrough.

    converge realty inc.MLS® #C11937361

    Amenities

    Indoor Parking
    Visitor Parking
    Bike Storage
    Media Room
    Rec Room
    Gym Room

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    7/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    4,807
    Average Individual Income
    $57,489
    Average Household Size
    0 persons
    Average Age
    42
    Average Household Income
    $99,732
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    16%
    50 - 64
    24%
    65+
    20%
    Household Income
    $0 - $30,000
    56%
    $30,000+
    27%
    $60,000+
    10%
    $90,000+
    4%
    $125,000+
    1%
    Housing Types & Tenancy
    Detached
    61%
    Semi Detached
    17%
    Duplex
    13%
    Low Rise Apartment
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    50%
    Other
    24%
    Mandarin
    13%
    Tamil
    7%
    Urdu
    2%
    Tagalog
    2%
    Gujarati
    1%
    Punjabi
    1%
    Education
    High School
    29%
    University and Above
    24%
    None
    21%
    College
    17%
    University Below Batchelor
    4%
    Apprenticeship
    3%
    Major Field of Study
    Business Management
    32%
    Architecture & Engineering
    19%
    Health & Related Fields
    13%
    Social Sciences
    9%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Education
    2%
    Personal, Protective & Transportation Services
    1%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Merci Condos vs The Bayview Village Area

    Building Trends At Merci Condos

    Days on Strata

    Units at Merci Condos spend an average of
    27
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Bayview Village

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    -14%
    Decrease in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 45 condos in the Bayview Village area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Best Value Rank

    Merci Condos offers the
    ?
    best value out of 45 condos in the Bayview Village neighbourhood

    Appreciation Rank

    Merci Condos has the
    ?
    highest ROI out of 45 condos in the Bayview Village neighbourhood

    Rental Yield

    Merci Condos yields the
    ?
    highest rent prices out of 45 condos in the Bayview Village neighbourhood

    High Demand

    Merci Condos is the
    ?
    most popular building out of 45 condos in the Bayview Village neighbourhood

    Transaction Insights at 27 Rean Drive

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$465,000 - $549,500$480,000 - $650,000No DataNo Data
    Avg. Cost Per SqftNo Data$913$777No DataNo Data
    Avg. Wait for Unit Availability460 Days61 Days67 Days203 DaysNo Data
    Ratio of Units in Building6%42%43%10%1%

    Transactions vs Inventory

    Total number of units listed and sold in Bayview Village