$399,000

For sale

#721 2550 Lawrence Avenue East, Toronto (Dorset Park) - Single Family for Sale

#721 2550 Lawrence Avenue East, Toronto (Dorset Park), Ontario, M1P4Z3

2 beds2 baths1 parking950 ft²$854/mo condo feeListed 11 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $399,000, it is attractively priced about 27% below the $549,000 median asking price in Toronto. It has been on the market 11 days, fresher than the Toronto average of 65 days.

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Description

Stunning, Spacious 2-Bedroom Suite with 2 Full Baths. This unit is perfect for buyers who value space, convenience, and low maintenance fees with all-inclusive utilities. Enjoy sleek laminate flooring throughout, a generously sized primary bedroom featuring a 4-piece ensuite, a dedicated dining room. Residents have access to exceptional amenities, including a fully equipped gym, indoor pool, billiards room, party room, and 24-hour concierge service. Ideally located just minutes from Kennedy Subway & GO Station, TTC transit, top-rated schools, parks, shopping, hospitals, Highway 401, and more. **A rare opportunity you don't want to miss!** (id:66096)

Property Details

MLS®: E14114154
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $854/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Parking
Ownership: Condo/Strata
Property Tax: $1,688.09/yr
Listed: 11 days ago

Rooms

Main level

Living room: 6.03 x 3.06 meters
Kitchen: 3.37 x 2.4 meters
Primary Bedroom: 6.15 x 3.06 meters
Bedroom 2: 3.09 x 3.09 meters

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

Features

Appliances: Window Coverings
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Dorset Park) listings, avg age

65d

Price / ft²

$420

List price

$399K

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 2-bed single family in Toronto (Dorset Park) has been listed for 11 days, which is 54 days fresher than the city average of 65. Act while there is still low competition.

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Listed by CENTURY 21 PERCY FULTON LTD. · JULIA XIAO TING WU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1P)

This home lists at $399,000, about 5.3× the local median household income of $76,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $76,000
Population: 45,170
Median age: 39.6
Owner / renter: 59% / 41%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1P)

$399,000· $420/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$141/mo

Condo fee$854/mo

Total monthly$3,096

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$8,920

Est. closing costs$3,697

Total cash needed$32,567

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