Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Bayview Village
Merci Condos in one look.
27 Rean Dr, Toronto
Built
2009
Storeys
7
Suites
159
Developer
The Daniels Corporation
Corporation
TSCC-2042
Walk Score
89
Free · about 45 seconds · no obligation
What is your unit at Merci Condos worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Very Walkable
Transit Score
Excellent Transit
Bike Score
Bikeable
Transit, nearest first
- 185Sheppard CentralTTC busSteps away
- 4Bayview stationLine 4 Sheppard0.4 km
- 11BayviewTTC bus0.5 km
- 115Silver HillsTTC bus0.8 km
- GOOriole GORichmond Hill line1.5 km
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–5
Crestview Public School
101 Seneca Hill Dr, North York
2.9 km
Zoned for this address
MiddleGr 6–8
Bayview Middle School
25 Bunty Lane, North York
1.0 km · ~16 min walk
Zoned for this address
High schoolGr 9–12
Georges Vanier Secondary School
3000 Don Mills Rd, North York
3.0 km
Zoned for this address
Catholic elementary
St Gabriel Catholic Elementary School
0.7 km · ~11 min walk
Nearest, confirm zoning
Catholic elementary
Blessed Trinity Catholic Elementary School
2.3 km
Nearest, confirm zoning
Catholic secondary
Cardinal Carter Academy For The Arts
2.3 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Secondaire Etienne Brule
1.9 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Merci Condos actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 8 | $429,000 | 11 | $2,300/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Merci Condos
Do mostly owners or renters live here?
Renter-heavy building. Of 44 deals here in the last 24 months, 31 were leases and 13 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Merci Condos?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Merci Condos
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at Merci Condos lists or sells.
Portals tell you a listing exists. I tell you whether it is priced right for this building, which stack it is in, and what the last comparable unit actually went for.
- New listings for sale or rent here
- What units sold for, with my read on it
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Pizza
Papa John's
0.2 km · ~3 min walk
Pizza
Pizza Pizza
0.2 km · ~3 min walk
Coffee
Starbucks
0.4 km · ~6 min walk
Restaurant
A Sunshine Restaurant
0.6 km · ~9 min walk
Bakery
Kourosh Bakery & Fast-Food
0.7 km · ~11 min walk
Persian
Shatter Abbas Persian Cuisine
0.7 km · ~11 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Rean Drive Parkette
- Rean Park
- Kenaston Park
Nearest grocery
Loblaws
0.4 km · ~6 min walk
Prices: TRREB MLS® System aggregate medians for 27 Rean Dr, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Merci is the quiet answer to the towers at Bayview and Sheppard. It is a low, terraced Daniels building from 2009 with 159 suites on Rean Drive, across Bayview from its much larger sibling, Arc. The Parisian marketing drew some mockery when it launched, but the building itself is sensible, and the fee package is better than most. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Merci Condos is a 159-suite condominium at 27 Rean Drive in the Bayview Village neighbourhood of North York, near Bayview Avenue and Sheppard Avenue East. It was developed by The Daniels Corporation, designed by Kirkor Architects & Planners and completed in 2009. Condos.ca lists 7 storeys, though the UrbanToronto project thread lists 10. The condominium corporation is TSCC-2042, registered on 17 December 2009, and condos.ca lists Maple Ridge Community Management as the manager. Fees cover common elements, heat, air conditioning, building insurance, water and parking.
Merci Condos at a glance
A terraced building on a tower corner
Daniels built Merci and Arc at the same time, on opposite sides of Bayview, with the same architect, Kirkor. Arc went big and curved. Merci went low and stepped, with terraces cut into the upper floors so the building drops back as it rises. During construction, forum watchers singled out those terraces as the best thing about it.
The height depends on who you ask. Condos.ca and a listing aggregator give 7 storeys, about 27 metres, while the UrbanToronto project thread is titled with 10 storeys. Terraced buildings often have different heights on different faces, so check the floor numbering against the floor plan for the suite you want.
At 159 suites, it is a fraction of the size of the towers around it. That means a calmer lobby, shorter elevator waits and fewer move-ins in a given month. It also means fewer owners sharing the cost of any major repair.
Ask the property manager how the terraces are maintained. In many terraced buildings the owner has exclusive use but the corporation owns and repairs the membrane underneath, and the rules on planters, flooring and barbecues follow from that.
The name, and what it was selling
The marketing launched in 2008 around a Parisian theme, with Bayview Village pitched as a little Paris. UrbanToronto commenters were merciless about it at the time. One commenter reported that most of the building sold at the first VIP event, which tells you buyers cared more about the location than the slogans.
None of that matters much now. What remains is a compact, low building on a side street beside a major mall and a subway station, which is a very practical thing to own in North York.
The useful lesson from that history is about the buyers. A building that sold quickly to end users and investors at launch often has a mix of owners and tenants that persists for years. Ask the property manager or check the status certificate for how many suites are leased, because that affects the feel of a small building more than a large one.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Small suites and a full fee package
Suites run from about 350 to 1,034 sq ft. The bottom of that range is very small, closer to a studio than a true one-bedroom, and the top is a modest two-bedroom. This is a building for singles, couples and downsizers who want less space, not for families.
Condos.ca lists common elements, heat, air conditioning, building insurance, parking and water as fee inclusions. That is the same broad package as Arc across the street. With heat and cooling covered, your monthly costs stay steady through the seasons, and only hydro for lights and appliances is left for you to budget separately.
Condos.ca also flags pet restrictions here. I have not seen the actual rules, so if you have a dog or cat, read the declaration and rules in the status certificate before you make an offer firm.
Ask about parking and lockers for the specific suite. Parking is listed in the fee, but it helps only if a space is actually deeded or assigned to your suite, and the smallest units in buildings like this were sometimes sold without one.
Living on Rean Drive
Rean Drive is a short side street just east of Bayview, which keeps the building out of the main traffic while leaving Bayview Village Shopping Centre and the Sheppard line within easy reach. Transit and walkability details are in the panel on this page.
The trade-off of a low building on a side street is that most suites look at neighbours rather than skyline. Upper-floor terrace suites get the best light and outlook, and those are the ones I would wait for if outdoor space matters to you.
The Bayview and Sheppard area has kept adding taller buildings since this one was finished. Because Merci is low, its views depend on what happens around it. Check the City of Toronto development applications map before you pay extra for a view.
What Merci costs
Condos.ca puts the building average at about $745 per square foot. That is a little below Arc across the street at about $790, which fits a smaller building with smaller suites and a side-street address rather than a frontage on Bayview.
When I checked, only one suite was for sale and two were for lease. A single listing is not a market, so I will not quote it. With so few suites coming up at a time, you may have to wait for the right layout, and when it appears you should be ready to move.
The building average also hides a wide spread. A suite at 350 sq ft will carry a much higher price per foot than one at 1,000 sq ft, so compare like with like: same size band, same exposure, and with or without a terrace.
Heat, cooling and parking are in the fee, which makes the monthly cost easier to compare honestly with newer towers that charge for those separately. For recorded sales here, use the market data on this page or ask me for the building sold report.
Building specifications
| Building name | Merci Condos |
| Address | 27 Rean Dr, North York, Toronto M2K 0A6 |
| Developer | The Daniels Corporation |
| Architect | Kirkor Architects & Planners |
| Storeys | 7 (condos.ca); the UrbanToronto project thread lists 10 |
| Total suites | 159 |
| Condo corporation | TSCC-2042 |
| Registered | 17 December 2009 |
| Property management | Maple Ridge Community Management (per condos.ca) |
| Suite sizes | About 350 to 1,034 sq ft |
| Fees include | Common elements, heat, air conditioning, building insurance, water and parking |
Amenities at Merci Condos
The amenities are basic: a concierge, a rooftop deck, a party room and a media room. Condos.ca does not list a gym or pool, so if you want those in the building, this is the wrong address, though the mall and the area have options nearby.
Jatin’s honest take on Merci Condos
Who this building suits
Singles, couples and downsizers who want a small, quiet building near Bayview Village and the subway, with heat, cooling and parking included. It also suits buyers who would rather not live in a 400-suite tower but still want the conveniences of the Bayview and Sheppard corner. Investors like the location, but small suites in a small building need careful rent numbers.
What I’d want you to check
Confirm the storey count and the exact location of the suite on the floor plates, since terraced buildings vary floor by floor. Read the pet rules if you have an animal, and check the reserve fund study for the roof and terrace membranes; terraces are lovely to own and expensive to waterproof. At this size, a special assessment would be shared among only 159 owners.
The value question
At about $745 per square foot with a full fee package, Merci is fair value for what it is. You give up amenities and suite size compared with Arc, and you gain a calmer building. For an owner-occupier who wants a small suite here, I think it is worth a look, but the thin supply means you will need patience. If you find a terrace suite on an upper floor, that is the one I would stretch for.
Free building report: Merci Condos
Send me your email and I’ll put together a current report on Merci Condos — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Merci Condos — frequently asked questions
Who built Merci Condos?
The Daniels Corporation developed it, Kirkor Architects & Planners designed it, and it was completed in 2009.
How tall is Merci?
Condos.ca lists 7 storeys, while the UrbanToronto project thread lists 10. Terracing means the height varies across the building.
How many suites are there?
159 suites, ranging from about 350 to 1,034 sq ft.
What do the maintenance fees include?
Condos.ca lists common elements, heat, air conditioning, building insurance, parking and water. Hydro is not listed.
Does Merci allow pets?
Condos.ca flags pet restrictions, but I have not seen the rules. Read the declaration and rules in the status certificate before you buy.
What amenities does Merci have?
A concierge, rooftop deck, party room, media room and visitor parking. Condos.ca does not list a gym or pool.
Who manages the building?
Condos.ca lists Maple Ridge Community Management. Confirm the current manager on the status certificate.
How does Merci compare with Arc across the street?
Both are 2009 Daniels buildings designed by Kirkor with similar fee packages. Arc is much larger with more amenities and averages about $790 per square foot; Merci is low and terraced at about $745.
Is Merci good for families?
Not usually. The largest suites are modest two-bedrooms of about 1,034 sq ft, and most of the stock is smaller.
How much do condos at Merci Condos sell for?
Over the last 12 months the median resale at Merci Condos was $429,000, across 8 sales. The typical unit sold in 33 days at about 97% of the asking price. That works out to roughly $771 per square foot.
How much is rent at Merci Condos?
The median lease at Merci Condos over the last 12 months was $2,300/mo, from 11 leases. Units typically leased in 14 days.
What does each unit type cost at Merci Condos?
Over the last 24 months: One-bedrooms sold for a median $429,000 and rented for $2,300/mo. Each median uses three or more deals.
Are prices at Merci Condos up or down since 2022?
Down about 20%. The median sold price per square foot was $964 in 2022 and $771 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Merci Condos offer an investor?
At a median price of $429,000 and a median rent of $2,300 a month, the gross yield is about 6.4%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Merci Condos?
Mostly renters. Of the deals here in the last 24 months, 70% were leases and 30% were sales.
Can you Airbnb a unit at Merci Condos?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Merci Condos had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Merci Condos zoned for?
For TDSB public schools, the address is zoned for Crestview Public School (Elementary, JK–5), Bayview Middle School (Middle, Gr 6–8), Georges Vanier Secondary School (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Merci Condos?
The nearest subway is Bayview station (Line 4 Sheppard), 0.4 km away; the nearest GO station is Oriole GO on the Richmond Hill line, 1.5 km; the closest bus is the Sheppard Central (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Merci Condos?
Walk Score 89, Transit Score 72 and Bike Score 52. Most daily errands can be done on foot.
What restaurants and shops are near Merci Condos?
Within about a 10-minute walk: Papa John's (Pizza), Pizza Pizza (Pizza), Starbucks (Coffee), A Sunshine Restaurant (Restaurant), Kourosh Bakery & Fast-Food (Bakery). The closest grocery store is Loblaws, 0.4 km away.
Which parks are near Merci Condos?
Rean Drive Parkette, Rean Park, Kenaston Park are the closest green spaces.
What is my unit at Merci Condos worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Merci Condos lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Willowdale, Yonge & Sheppard, Bayview Village and North York Centre more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Willowdale, Yonge & Sheppard, Bayview Village and North York Centre. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Merci Condos, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Willowdale, Yonge & Sheppard, Bayview Village and North York Centre building guides: 1 Capella Starway Townhouses · 10 Old York Mills Road · 10 Parkway Forest Drive Condos · 118 Finch Avenue West · 14 Gypsy Roseway Townhouses · 181 East Condos
More resources: GTA condo directory · Building sold report · Book a call
More condo buildings in Bayview Village
- Seasons Condominiums95 McMahon Dr · median sold $580K
- NY Towers The Chrysler1 Rean Dr & 3 Rean Dr · median sold $545K
- Omega on the Park113-117 McMahon Dr · median sold $539K
- NY Towers The Waldorf2 Rean Dr & 8 Rean Dr · median sold $560K
- Discovery 2 at Concord Park Place15-33 Singer Crt · median sold $493K
- Scala Condos25 Adra Grado Way · median sold $599K
- Tango 272 Esther Shiner Blvd · median sold $507K
- Arc Condos2885 Bayview Ave · median sold $539K
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.