MLS® listing
8 Rean Drive 1505: condo apartment for sale
$568,000
From the listing brokerage
Bright & Spacious Corner Unit! This beautifully upgraded 2-bedroom, 2-bathroom residence features 2 parking spaces, a functional layout, and abundant natural light throughout. Enjoy unobstructed views from all four sides with a desirable Northeast exposure. The Entire home has been thoughtfully updated, including New Painting, New Hardwood Flooring, Modern light fixtures, New bathroom vanities and toilets, and Contemporary appliances. A truly move-in-ready home offering everything a small family needs for comfortable living.Well-maintained building with water and hydro included. Prime location at Bayview & Sheppard, just minutes to Hwy 401, subway stations, shopping, restaurants, supermarkets, and everyday amenities. An excellent choice for those seeking comfort, convenience, and exceptional value in a highly accessible location.
Facts on the listing
| Square feet | 800-899 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 8 |
| Maintenance fee | $1,022 |
| Property tax | $3,108 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | No |
| Exposure | North East |
| Fee includes | CAC Included, Common Elements Included, Heat Included, Hydro Included, Building Insurance Included, Parking Included, Water Included |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Carpet Free |
| Floor | 14 |
Listing courtesy of BAY STREET GROUP INC.. MLS® C13713288.
About this condo apartment
8 Rean Drive 1505 is a 2 bedroom condo apartment in TRREB's Bayview Village community in Toronto, listed for sale at $568,000. The listing shows 2 bathrooms and 800-899 square feet. The style is given as apartment. The unit faces north east. It comes with 2 parking spaces, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Bayview / Sheppard.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 8 Rean Drive 1505
At the asking price of $568,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $568,000 |
|---|---|
| Ontario land transfer tax | $7,835 |
| Toronto municipal land transfer tax | $7,835 |
| Both taxes | $15,670 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $31,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,022 a month |
|---|---|
| Property tax (2026) | $3,108 a year, about $259 a month |
| Fee and tax together | about $1,281 a month |
The listing says the maintenance fee includes cac, common elements, heat, hydro, building insurance, parking and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $568,000, which is $18,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "No".
- Confirm the parking and locker. The listing shows 2 parking spaces and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Bayview Village
Three Line 4 stations on Sheppard Avenue East, a recreation centre with a library and a housing market where condo apartments make up most sales.
Transit: Bayview, Bessarion and Leslie stations (Line 4), Sheppard-Yonge station (Line 1 and Line 4) to the west, 11 Bayview and 85 Sheppard East buses, Oriole GO (Richmond Hill line) near Leslie station
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $622,500 | 118 sales, average $943,563 |
| Detached | About $2,380,000 | 19 sales, average about $2,571,000 |
| Condo townhouse | About $775,000 | 15 sales, average about $778,000 |
| Condo apartment | About $535,000 | 83 sales, average about $604,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Bayview Village
Is Bayview Village a good area to buy a condo?
It has a large condo market, with 83 condo apartment sales at a median of about $535,000 from April to June 2026 (TRREB). Bayview, Bessarion and Leslie stations on Line 4 serve the Sheppard Avenue East corridor where much of that stock is.
What do detached houses cost in Bayview Village?
From April to June 2026 TRREB recorded 19 detached sales with a median of about $2,380,000 and an average of about $2,571,000. With so few sales, the figures can move noticeably from one quarter to the next.
How do you get downtown from Bayview Village by subway?
Take Line 4 from Bayview station one stop west to Sheppard-Yonge, then Line 1 south to Union station, which is 14 stops. Leslie station also connects to Oriole GO on the Richmond Hill line.
Is there a community centre and library in Bayview Village?
Yes. The Ethennonnhawahstihnen' Community Recreation Centre and Library near Bayview and Sheppard has a six-lane 25-metre pool, a double gymnasium, an indoor track and a Toronto Public Library branch.
Is there a hospital near Bayview Village?
North York General Hospital's General site is at 4001 Leslie Street, east of Bayview Avenue.
Read the Bayview Village neighbourhood guide · All Bayview Village homes for sale
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Questions about 8 Rean Drive 1505
How much is land transfer tax on 8 Rean Drive 1505?
At the asking price of $568,000 the Ontario tax is $7,835 and the Toronto tax is $7,835, $15,670 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 8 Rean Drive 1505?
$31,800 at the asking price of $568,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 8 Rean Drive 1505?
The listing shows $1,022 a month, including cac, common elements, heat, hydro, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 8 Rean Drive 1505?
The listing shows $3,108 a year for 2026, about $259 a month.
Is 8 Rean Drive 1505 priced above or below the median?
It is listed at $568,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $18,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 8 Rean Drive 1505?
Use the form on this page or call us. Quote MLS® C13713288. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 8 Rean Drive 1505 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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