UPH 03-8 Rean Drive, Toronto, ON
Bayview Village, Toronto · MLS® C13619334
About this home
Experience elevated living in this 1931 sq ft corner penthouse at New York Towers, a true "bungalow in the sky" featuring soaring ceilings, an open and flowing layout, two spacious bedrooms with private ensuites, an opened up sitting room, and a large den that functions as a third bedroom; the expansive open-concept kitchen offers abundant storage and new stainless steel appliances, while south-facing panoramic views and two generous open-air terraces provide exceptional natural light and rare private outdoor space; perfectly located steps from Bayview Village and the subway, this residence offers an effortless lock-and-leave lifestyle with 24-hour concierge service and all utilities included in the maintenance fees, plus exclusive access to the Liberty Club's indoor pool, fitness centre, and virtual golf; complete with two premium parking spaces and a private locker, this penthouse delivers luxury, scale, and convenience for the discerning buyer.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13619334
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 1800-1999
- Cross streets
- Bayview Ave & Sheppard Ave E
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,180/mo
- Exposure
- South East
- Property tax
- $6,461 / 2026
- Listing brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Rooms
hardwood floor · open concept · overlooks living
6 pc ensuite · w/o to terrace · walk-in closet(s)
marble floor · crown moulding · 2 pc bath
modern kitchen · quartz counter · stainless steel appl
hardwood floor · w/o to terrace · combined w/dining
3 pc bath · walk-in closet(s) · b/i shelves
hardwood floor · separate room · pot lights
combined w/living · open concept · fireplace
combined w/living · open concept · large window
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Crestview Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 1% below the area average of $839/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Bayview Village, Toronto, ON
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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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.04% via Ratehub.ca (as of July 29, 2026); conventional rates run a little higher.
Mortgage amount $1,264,000 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,780
- Property tax
- $538
- Condo / maintenance fees
- $2,180
- Heating
- $0
- Estimated monthly cost
- $9,498
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,075
- Toronto municipal land transfer tax
- $28,075
- Estimated closing costs
- $56,150
Plus your down payment of $316,000. 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
- $406,784
- Principal paid down
- $160,025
- Interest paid
- $246,758
- Balance remaining
- $1,103,975
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 SUTTON GROUP REALTY SYSTEMS INC.. MLS®/PropTx.