pin_buy1 Rean Dr & 3 Rean Dr
4Listings for Salefor Sale
4Listings for Rentfor Rent
building_buyNY Towers - The Chrysler
building_buyNY Towers - The Chrysler
4Listings for Salefor Sale
4Listings for Rentfor Rent
Walkability
8/10
Transit
7/10
Bikeability
4/10
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Above Average
Property Type
Condo
Developer
Daniels Corporation
Condo Completion
2003
Property Management
Maple Ridge Community Management
Unit Size Range
507 - 2117 SQFT
Number of Units
672
Number of Storeys
28

1 Rean Dr, Toronto

About this condo

Condo Overview

An art deco style development inspired by New York skyscrapers — the NY Towers Complex is an award winning residence in the Bayview Village neighbourhood. 1 Rean Drive is one of four buildings that make up this complex and is located just next door to NY Towers- The Waldorf.

Residents of this sought after North York Condo enjoy great amenities for recreation and convenience; an indoor pool and whirlpool, saunas, and a full fitness centre with plenty of cardio equipment. There's a party room where condo residents can host events, and also visitor parking and a 24 hour concierge service.

Price per square foot at 1 Dean Dr is around the neighbourhood average and condo fees are slighter higher than average. But it's worth noting that condo fees are all inclusive and cover all utilities and parking.

The Suites

NY Towers - The Chrysler contains 672 suites spread over 28 storeys. Suite sizes range in size from 544 square feet for a spacious one bedroom suite to 2117 for a gigantic 3 bedroom penthouse unit. Prospective buyers and renters can find units in the building with dens, some of which could be used as a small guest room.

1 Rean Dr was completed in 2003, and it's possible that units have seen renovations since then, while others need upgrading. Most suites have hardwood or hard surface flooring. Galley kitchens come with large cabinets and considerable prep space, and many have enough square footage for a small kitchen table.

These homes are bright with sunlight beaming in through large windows and all units have covered balconies. Buyers who are fortunate to land a ground floor townhome style unit, also have small yards and patios.

The Neighbourhood

1 Rean Dr was clearly built with commuter's in mind, and though many residents likely work in downtown Toronto, the neighbourhood has a lot to offer. Drippin Coffee is only a 3 minute walk from the building for a morning espresso, or residents can grab a double-double at Tim Hortons.

Bayview Shopping Centre is just opposite Sheppard Ave and hosts a large selection of clothing boutiques and big box brands; there's also a decent collection of fast food restaurants in the food court.

For nature and recreation — Rean Park is a great place to walk the dog and also has a small playground for children. North York YMCA is close by and provides programs and athletic facilities. There are multiple schools in the neighbourhood and medical facilities and daycares too.

Transportation

Residents of 1 Rean Drive can walk to Loblaws at Bayview in less than 5 minutes, making it easy to grab groceries on foot. Any prescription needs can be picked up at Metro Pharmacy, located at the intersection of Bayview and Sheppard.

Commuting via public transit is a great choice for condo residents because Bayview Station is just a 5 minute walk away, and there are multiple bus routes in the neighbourhood.

Car owners have an ideal location to begin their commute; the Bayview on-ramp for the 401 is less than 2 minutes from the building, and it's only a 20 minute drive to the downtown core.

4

Listings For Sale

Interested in receiving new listings for sale?

Amenities

Security System
BBQ
Car Wash
Bike Storage
Indoor Pool
Party/Meeting Room
Underground Parking
Concierge
Recreation Room
Guest Suites
Gym
Sauna
Visitor Parking

Maintenance Fees Cover

Maintenance fees include

None

Owner / renter pays separately

Hydro
Heat
Air Conditioning
Water

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
NY Towers - The Chrysler vs The Bayview Village Area

$25.00
More Expensive
per SQFT compared to the neighbourhood average
NY Towers - The Chrysler's Avg
price per SQFT
$993
/ SQFT
Neighbourhood Avg
price per SQFT
$968
/ SQFT

Building Trends At NY Towers - The Chrysler

Days on Market

Units at NY Towers - The Chrysler spend an average of
16
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
12%
above
the list price.

Offer Competition

Condos in this building have a

HIGH
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
3.1
YEARS before being sold again

Property Value

8%
Increase in property value within the past twelve months

Price Ranking

10th
Highest price per SQFT out of 33 condos in the Bayview Village area

Sold Units

33
Units were Sold over the past twelve months

Rented Units

65
Units were Rented over the past twelve months

Best Value

NY Towers - The Chrysler offers the
?
best value out of 33 condos in the Bayview Village neighbourhood

Return on Investment

NY Towers - The Chrysler has the
?
highest ROI out of 33 condos in the Bayview Village neighbourhood

Rental Yield

NY Towers - The Chrysler yields the
?
highest rent prices out of 33 condos in the Bayview Village neighbourhood

High Demand

NY Towers - The Chrysler is the
?
most popular building out of 33 condos in the Bayview Village neighbourhood

Sales vs Rental Values For This Condo

1 Bed570 - 668 SQFT
Average Cost Per Sqft$873
Sales Price Range$516,888 - $685,110
Rental Price Range$1,725 - $2,250
1 Bed + Den687 - 800 SQFT
Average Cost Per Sqft$861
Sales Price Range$570,000 - $705,000
Rental Price Range$2,050 - $2,800
2 Bed822 - 1207 SQFT
Average Cost Per Sqft$710
Sales Price Range$660,000 - $900,000
Rental Price Range$2,375 - $2,600
2 Bed + Den900 - 2000 SQFT
Average Cost Per Sqft$821
Sales Price Range$890,000 - $1,200,000
Rental Price Range$2,700 - $4,500
3 Bed1699 - 1699 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,500 - $4,500
3 Bed + Den1600 - 1600 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,200 - $4,200

How Often Are Units Listed?

1 Bed549 - 1961 SQFT
Average Sales Availability
Every31Days
Average Rental Availability
Every17Days
Ratio of Unit Type in Building33%
1 Bed + Den549 - 900 SQFT
Average Sales Availability
Every30Days
Average Rental Availability
Every19Days
Ratio of Unit Type in Building31%
2 Bed800 - 1307 SQFT
Average Sales Availability
Every42Days
Average Rental Availability
Every48Days
Ratio of Unit Type in Building20%
2 Bed + Den700 - 2000 SQFT
Average Sales Availability
Every73Days
Average Rental Availability
Every67Days
Ratio of Unit Type in Building15%
3 Bed956 - 2117 SQFT
Average Sales Availability
Every287Days
Average Rental Availability
Every426Days
Ratio of Unit Type in Building2%
3 Bed + Den1600 - 1600 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every634Days
Ratio of Unit Type in Building1%

Maintenance Fees
NY Towers - The Chrysler vs The Bayview Village Area

$0.06
More Expensive
per SQFT compared to the neighbourhood average
NY Towers - The Chrysler's Avg
monthly maintenance
fee per SQFT
$0.82
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.76
/ SQFT

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