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    NY Towers - The Chrysler

    1 Rean Drive & 3 Rean Drive

    9for Sale
    4for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    28
    Number of Units:
    672
    Condo Completion:
    2003
    Condo Demand:
    Medium
    Unit Size Range:
    508 - 2,117 SQFT
    Unit Availability:
    High

    Listing History for NY Towers - The Chrysler

    Amenities

    Indoor Pool
    Security System
    Car Wash
    Party Room
    Bike Storage
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1 Rean DriveNY Towers - The Chrysler

    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.

    9

    Listings For Sale

    Interested in receiving new listings for sale?

    4

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    7/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    3/10
    Bikeability
    Your bike will know every pothole personally. It's that intimate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    4,807
    Average Individual Income
    $57,489
    Average Household Size
    0 persons
    Average Age
    42
    Average Household Income
    $99,732
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    61%
    Semi Detached
    17%
    Duplex
    13%
    Low Rise Apartment
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    50%
    Other
    24%
    Mandarin
    13%
    Tamil
    7%
    Urdu
    2%
    Tagalog
    2%
    Gujarati
    1%
    Punjabi
    1%
    Education
    High School
    29%
    University and Above
    24%
    None
    21%
    College
    17%
    University Below Batchelor
    4%
    Apprenticeship
    3%
    Major Field of Study
    Business Management
    32%
    Architecture & Engineering
    19%
    Health & Related Fields
    13%
    Social Sciences
    9%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Education
    2%
    Personal, Protective & Transportation Services
    1%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at NY Towers - The Chrysler spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    3
    YEARS before being sold again

    Property Value

    3%
    Increase in property value within the past twelve months

    Price Ranking

    13th
    Highest price per SQFT out of 35 condos in the Bayview Village area

    Sold Units

    22
    Units were Sold over the past twelve months

    Rented Units

    46
    Units were Rented over the past twelve months

    Best Value Rank

    NY Towers - The Chrysler offers the
    ?
    best value out of 35 condos in the Bayview Village neighbourhood

    Appreciation Rank

    NY Towers - The Chrysler has the
    ?
    highest ROI out of 35 condos in the Bayview Village neighbourhood

    Rental Yield

    NY Towers - The Chrysler yields the
    ?
    highest rent prices out of 35 condos in the Bayview Village neighbourhood

    High Demand

    NY Towers - The Chrysler is the
    ?
    most popular building out of 35 condos in the Bayview Village neighbourhood

    Transaction Insights at 1 Rean Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$550,000 - $955,000$620,000 - $678,000$675,000 - $710,000$820,000 - $1,048,000No DataNo Data
    Avg. Cost Per Sqft$956$913$764$684No DataNo Data
    Avg. Wait for Unit Availability34 Days33 Days47 Days75 Days284 DaysNo Data
    Ratio of Units in Building33%31%21%15%3%1%

    Maintenance Fees

    NY Towers - The Chrysler vs The Bayview Village Area

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