$499,000

For sale

#816 2550 Lawrence Avenue East, Toronto (Dorset Park) - Single Family for Sale

#816 2550 Lawrence Avenue East, Toronto (Dorset Park), Ontario, M1P4Z3

2 beds2 baths1 parking950 ft²$797/mo condo feeListed 12 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $499,000, it is attractively priced about 9% below the $549,000 median asking price in Toronto. It has been on the market 12 days, fresher than the Toronto average of 65 days.

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Description

Welcome to this bright and inviting 2-bedroom, 2-bathroom corner unit offering over 930 sq. ft. of comfortable interior livingspace! With abundant natural light throughout, this well-maintained suite provides a practical layout that is ready to enjoy while offeringplenty of opportunity to make it your own! Laminate flooring runs throughout the unit, creating a clean and cohesive feel from room to room.The spacious living and dining areas offer flexibility for everyday living, entertaining, or a work-from-home setup. Both bedrooms aregenerously sized, and two full bathrooms add convenience for couples, families, or shared living arrangements. One of the biggest benefits ofbeing on the 8th Floor is the easy access to a large terrace-style balcony area located on the same floor, an ideal extension of your living spacefor fresh air and outdoor relaxation! During the winter months it will be a great way to get some fresh air without having to go downstairs!Underground parking is included, along with all utilities, helping simplify monthly budgeting. A great opportunity to own a bright, functionalcondo in Toronto with room to personalize to your style! (id:66096)

Property Details

MLS®: E14112468
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: $797/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,662/yr
Listed: 12 days ago

Rooms

Flat

Living room: 7.41 x 3.72 meters
Dining room: 2.83 x 2.59 meters
Kitchen: 2.09 x 2.44 meters
Primary Bedroom: 4.5 x 3.03 meters
Bedroom 2: 2.83 x 3.08 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, Hood Fan, Window Coverings, Garage door opener remote(s)
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Wheelchair access, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Toronto (Dorset Park) listings, avg age

65d

Price / ft²

$526

List price

$499K

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 12 days, which is 53 days fresher than the city average of 65. Act while there is still low competition.

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Listed by THE DIAMOND REALTY INC. · GARY CHAHINIAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1P)

This home lists at $499,000, about 6.6× the local median household income of $76,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 28% 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)

$499,000· $526/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$139/mo

Condo fee$797/mo

Total monthly$3,564

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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