208-1 Watergarden Way, Toronto, ON
Bayview Village, Toronto · MLS® C12951118
About this home
This Luxurious Tranquil Low rise condominium (Shane Baghi built) surrounded by woods and water, The private elevator opens directly into Suite 208, revealing a spacious and uniquely special unit with stunning ravine views and sunshine. One of a Kind Unit fully renovated, 150 square foot balcony With Awnings and cobblestones, Huge Primary Bedroom with W/I Closet and 5pc Ensuite, The expansive Open Concept living area includes living and dining rooms, featuring a huge floor-to-ceiling window that offers breathtaking views of the lush green ravine and mature trees. Experience the serene feeling of living in a treehouse, right in the heart of the city. Beautifully designed by renowned Arthur Erickson back in 1994 with only 40 suites and majestically sits above the corner of Bayview and Finch with many ravine views. Each suite has a direct, private elevator entrance. Must See!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12951118
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1600-1799
- Cross streets
- Bayview Ave/Finch Ave E
- Parking
- 2 parking
- Basement
- None
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,166/mo
- Exposure
- South West
- Property tax
- $5,118 / 2026
- Days on market
- 110
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
wood · ne view · b/i desk
5 pc ensuite · fireplace · walk-in closet(s)
centre island · quartz counter
sw view · large window
Ceramic Floor
wood · pot lights · sw view
w/o to balcony · pot lights · sw view
Listed at $1,498,800, this home is about 22% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Bayview Village lately, sellers have been getting about 98% of asking and homes sell in about 35 days.
Based on 94 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 94 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $970K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $700K
- Adjusts to $700K
That comparable adjusts to $700K; the $1.23M estimate above is the median of all 94 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On schools, this address is zoned for Earl Haig Secondary School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Gaspe Road is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.23M, median of 94 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Elevator: rare and valuable for accessibility and resale.
- Worth verifying
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 25% above the area average of $708/sqft.
109 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Bayview Village, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Gaspe Road, about 71 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.
Mortgage amount $1,199,040 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,399
- Property tax
- $427
- Condo / maintenance fees
- $2,166
- Heating
- $0
- Estimated monthly cost
- $8,991
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,451
- Toronto municipal land transfer tax
- $26,451
- Estimated closing costs
- $52,902
Plus your down payment of $299,760. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $383,911
- Principal paid down
- $152,698
- Interest paid
- $231,213
- Balance remaining
- $1,046,342
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.