5-1 Watergarden Way, Toronto, ON
Bayview Village, Toronto · MLS® C13852168
About this home
In short
- Rarely does a home offer this level of tranquility, privacy, and connection to nature in the heart of North York.
- Set within one of the area's most distinctive low-rise condominium residences, this beautifully appointed one-bedroom suite offers a peaceful escape from the city...
- Designed by renowned architect Arthur Erickson and built by Shane Baghai, this exclusive residence features only 40 suites, creating an intimate and private...
- The open-concept living and dining area, along with the spacious bedroom, is filled with natural light and framed by lush ravine views, creating a serene, almost...
- Residents enjoy an exceptional collection of amenities, including a forest-overlooking indoor pool, sauna, car wash, and more.
Rarely does a home offer this level of tranquility, privacy, and connection to nature in the heart of North York. Set within one of the area's most distinctive low-rise condominium residences, this beautifully appointed one-bedroom suite offers a peaceful escape from the city, surrounded by mature trees and the natural beauty of the Don River ravine. Designed by renowned architect Arthur Erickson and built by Shane Baghai, this exclusive residence features only 40 suites, creating an intimate and private atmosphere with private elevator access.The open-concept living and dining area, along with the spacious bedroom, is filled with natural light and framed by lush ravine views, creating a serene, almost treehouse-like atmosphere. Step onto your private balcony and take in the remarkable quietness, where the surrounding forest becomes part of your everyday living experience. The thoughtfully appointed suite also features a bathroom with a Jacuzzi tub, updated quartz counter for bathroom and kitchen. Residents enjoy an exceptional collection of amenities, including a forest-overlooking indoor pool, sauna, car wash, and more. An EV charger further complements the convenience and lifestyle of this unique residence. For those who value privacy, tranquility, nature, and timeless design, this is a rare opportunity to live surrounded by greenery while remaining connected to everything North York has to offer.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13852168
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Bayview Ave/Finch Ave E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Radiant
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Other
- Roof
- Other
- Maintenance
- $941/mo
- Exposure
- East West
- Property tax
- $2,148 / 2026
- Days on market
- 18
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
combined w/dining · laminate · window floor to ceiling
window floor to ceiling · b/i closet · pot lights
combined w/living · laminate · window floor to ceiling
quartz counter · pot lights · stainless steel appl
Listed at $399,900. Going by how homes in Bayview Village have actually closed against their asking prices (about 98%, 78 local closings in 90 days), the likely sale price is near $391K, if it sells. A realistic range is $369K to $423K.
Independent value check: $424K. Without looking at the asking price, our model values the home itself about 6% above the ask (homes like it typically land between $394K and $446K).
Why $424K. The typical condo sold in Bayview Village over the past year went for about $548K (281 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,148 a year; the typical home sold here pays about $2,900.
- ▼ Lowers it1 bedrooms and 1 baths, against 1+1 and 2 typically.
- ▼ Lowers itIts maintenance fee is $941 a month; the typical unit sold here pays about $680.
- ▼ Lowers itIt is 600 to 699 sq ft; the typical home sold here is 700 to 799.
Total price vs nearby homes. Likely closing about $391K, from 78 recent closings in this pocket.
The market behind the math:
About 2.2 months of inventory: 57 condo apartment homes for sale in the area against 78 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $616/sqft against an area asking average of $845/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 78 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $420K. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
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.
Based on 78 comparable homes that sold in Bayview Village over the past 22 months, from 500 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $753/sqft; this home lists at $616/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Bayview Village: $525K in September 2026, up 2% from a year ago, on 278 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $570K | 21 |
| November 2025 | $549K | 15 |
| December 2025 | $500K | 15 |
| January 2026 | $503K | 16 |
| February 2026 | $537K | 17 |
| March 2026 | $515K | 21 |
| April 2026 | $548K | 29 |
| May 2026 | $532K | 31 |
| June 2026 | $535K | 24 |
| July 2026 | $539K | 35 |
| August 2026 | $572K | 32 |
| September 2026 | $525K | 22 |
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.
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $319,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,769
- Property tax
- $179
- Condo / maintenance fees
- $941
- Heating
- $0
- Estimated monthly cost
- $2,889
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,474
- Toronto municipal land transfer tax
- $4,474
- Estimated closing costs
- $8,947
Plus your down payment of $79,980. 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
- $106,134
- Principal paid down
- $39,088
- Interest paid
- $67,045
- Balance remaining
- $280,832
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 numbersThe last 5 whole-home leases in Bayview Village signed at a median of $5,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,750. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.