$735,000

For sale

#615 23 Lorraine Drive, Toronto (Willowdale West) - Single Family for Sale

#615 23 Lorraine Drive, Toronto (Willowdale West), Ontario, M2N6Z6

3 beds2 baths1 parking950 ft²$719/mo condo feeListed 24 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. It has been on the market 24 days, fresher than the Toronto average of 73 days.

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Description

Set on a quiet street within an easy walk of Finch subway and transit, this bright two-bedroomplus den at Symphony Square offers a layout that makes everyday living easy. Updated kitchen,entrance and bathrooms complement an open living and dining area, with seating for three at thekitchen island. Split bedrooms provide privacy, while the generous den has an interior windowand a proper door, making it a practical office or potential third bedroom. A small balconyoffers a spot for morning coffee and fresh air. Includes two bathrooms, ensuite laundry,parking and a locker. Enjoy a well-maintained building with an indoor pool, gym and 24-hourconcierge, with parks, a playground, green space, shops and restaurants close by. (id:66096)

Property Details

MLS®: C14027416
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $719/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,015.53/yr
Listed: 24 days ago

Rooms

Main level

Living room: 4.8 x 3.61 meters
Primary Bedroom: 3.1 x 4.52 meters
Bedroom 2: 3.1 x 4.52 meters
Bedroom 3: 2.97 x 2.79 meters
Kitchen: 2.84 x 2.79 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Toronto (Willowdale West) listings, avg age

73d

Price / ft²

$774

List price

$735K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Willowdale West) has been listed for 24 days, which is 49 days fresher than the city average of 73. Act while there is still low competition.

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · JEFF PORTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $735,000, about 9.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $143,571 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$735,000· $774/ft²

For sale

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Full Cost Breakdown

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Down Payment6.60% · $48,500

Min 6.60%50%

Mortgage payment$3,806/mo

↳ CMHC premium ($27,460 capitalized)

Property tax (est.)$251/mo

Condo fee$719/mo

Total monthly$4,776

Cash Needed to Close

Down payment (6.60%)$48,500

Land transfer tax$22,350

Est. closing costs$4,705

Total cash needed$75,555

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