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    721 - 2885 Bayview Ave

    For SaleARC Condos
    $599,000
    1 Bed + 1
    1 Bath
    1 Parking
    624 SQFT
    6 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $516/mth
    Taxes:
    $2,597 (2024)
    Cost Per Sqft:
    $960/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    November 29, 2024
    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
    Hardwood Floor, Combined with Dining, Open Concept
    17 x 10.01ft
    Dining
    Hardwood Floor, Combined with Living, Open Concept
    17 x 10.01ft
    Kitchen
    Hardwood Floor, Granite Counter, Open Concept
    8.99 x 8.01ft

    About this Listing

    Client RemarksIntroducing 'The Arc' by Daniels, a landmark residence nestled in the coveted upscale Bayview Village. *Rarely available* - 1 Bed+Den. Open concept layout W/9' ceiling and Floor-to-ceiling Windows throughout and a large open balcony W/unobstructed east exposure, is perfect for kick-starting your day with natural light. Versatile Den has the potential for multiple uses - whether as an office or a 2nd bedroom. This uniquely designed Condo perfectly combines luxury with convenience. **Mins away from everything you could ask for** - Bayview Subway station at your doorstep. It takes only 'Stairways' down to the upscale Bayview Village Shops where you can conveniently complete your daily errands and enjoy various retail shops and dining options - Starbucks, Shoppers, LCBO, Loblaws, Pusateri's, major banks and eateries of your choice. Great Schools in the area are complemented by many green parks/playgrounds around the block (Bayview Village Park, Hawksbury Park, Rean Park). A short minute drive takes you to Hwy 401&DVP, the YMCA and major Hospitals. Well-maintained condo management with a low monthly condo fee. One Parking & Locker included. State-of-art amenities include - 24/7 Concierge, Indoor pool, Gym, Party Room, Theatre, Guest Suites, Media room, Study, huge Terrace lounge w/BBQs and tables with ample visitor parking on the surface - perfect for entertaining guests on SUMMER days.

    ExtrasExisting Fridge, Stove, Dishwasher, Microwave, Washer/Dryer, All Electrical Light Fixtures.

    bay street group inc.MLS® #C10412718


    Amenities

    BBQs Allowed
    Sauna
    Rooftop Deck
    Party Room
    Media Room
    Indoor Parking

    Explore Neighbourhood

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    7/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    4/10
    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%

    Maintenance Fees

    ARC Condos vs The Bayview Village Area

    Days on Strata

    Units at ARC Condos spend an average of
    15
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    above
    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
    5.6
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 36 condos in the Bayview Village area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    43
    Units were Rented over the past twelve months

    Best Value Rank

    ARC Condos offers the
    ?
    best value out of 36 condos in the Bayview Village neighbourhood

    Appreciation Rank

    ARC Condos has the
    ?
    highest ROI out of 36 condos in the Bayview Village neighbourhood

    Rental Yield

    ARC Condos yields the
    ?
    highest rent prices out of 36 condos in the Bayview Village neighbourhood

    High Demand

    ARC Condos is the
    ?
    most popular building out of 36 condos in the Bayview Village neighbourhood

    Transaction Insights at 2885 Bayview Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$486,000$613,888 - $642,000$653,000 - $720,000$680,000$745,000
    Avg. Cost Per Sqft$1,178$997$947$897$980
    Avg. Wait for Unit Availability107 Days62 Days24 Days222 Days268 Days
    Ratio of Units in Building12%23%52%9%6%

    Transactions vs Inventory

    Total number of units listed and sold in Bayview Village