Bright, Spacious & Beautifully Updated! Welcome to this impressive 2-bedroom + Den, 2-bathroom suite at prestigious Palace Gate, 3181 Bayview Ave. Offering an expansive open-concept layout with large windows and an abundance of natural light, this beautifully updated residence combines generous living space with modern comfort and effortless entertaining.The spacious primary bedroom features a walk-in closet, additional closet space and a private ensuite. The generously sized second bedroom offers excellent natural light and ample closet space. Enjoy a stylishly updated kitchen with built-in appliances, modern finishes and LED lighting throughout.A truly exceptional feature is the large balcony with three separate walkouts from the kitchen, living room and primary bedroom, creating a seamless indoor-outdoor connection and an ideal space for morning coffee, relaxing or entertaining.Includes two parking spaces and one locker. An increasingly rare combination that adds exceptional convenience and value.
2 bedrooms, 2 bathrooms, about 1,400 sq ft, works out to roughly $641 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 3181 Bayview Ave #215
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1400-1599 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
3181 Bayview Ave #215 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,412
/mo
based on the purchase price of $898,000
$179,600 cash
$718,400 financed
$605,081 total interest
Principal54%$718,400
Interest46%$605,081
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $898K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,304Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale · 1 for rent at 3181 Bayview Ave — plus its sale and lease history.
3181 Bayview Ave #215 is listed at $898,000 (MLS® C13734990). Summitly updates the price as soon as the MLS® record changes.
Is $898,000 a good price for 3181 Bayview Ave #215?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 3181 Bayview Ave #215 changed?
Yes — it was first listed at $978,000 and is now $898,000, a drop of $80,000 (8.2%).
How many bedrooms and bathrooms does 3181 Bayview Ave #215 have?
3181 Bayview Ave #215 has 2 bedrooms and 2 bathrooms, with about 1,400–1,599 square feet of living space. It is a condo in Toronto.
Is 3181 Bayview Ave #215 close to transit?
The nearest rapid-transit station is Old Cummer GO Station (Richmond Hill GO), about 1.8 km (about a 23-minute walk) in a straight line. Finch Station is about 2.1 km, and Bayview Station is about 2.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 3181 Bayview Ave #215?
About $4,412 a month — principal and interest on $898,000 with 20% down ($179,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 3181 Bayview Ave #215 compare with other homes in Toronto?
Its asking price of $898,000 is about 7% above the median sold price in Toronto over the last 90 days, $842,000, across 9,226 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 3181 Bayview Ave #215 been sold before?
Summitly has no earlier MLS® sale or lease of 3181 Bayview Ave #215 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 3181 Bayview Ave #215?
3181 Bayview Ave #215 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3181 Bayview Ave #215 been on the market?
51 days — 3181 Bayview Ave #215 was listed on September 2, 2026.
What is the price per square foot of 3181 Bayview Ave #215?
About $562 to $641 per square foot: the asking price of $898,000 over the 1,400–1,599 sq ft the listing gives as its size range.
Does 3181 Bayview Ave #215 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
