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Featured
New2 days ago

610 - 23 Lorraine Drive

Willowdale West, Toronto

$465,000

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

Large, well-maintained, bright one-bedroom plus den with balcony, ensuite laundry, and owned parking and locker! Low maintenance fees of $519.99 at $0.86 per foot, which include all your utilities. Prime location at Yonge & Finch, steps to the Finch subway and the abundance of convenient services and amenities along Yonge St. Short drive to the Hwy 401, Hwy 404/DVP and Hwy 407. Enjoy the amazing building amenities, including a 24-hour concierge, a large modern gym, a large swimming pool, a sauna in each change room, a large party room, a billiard room, and guest suites. The fabulous floor plan features 9-foot ceilings, a large open-concept kitchen with newer full-sized appliances, plenty of cabinet and counter space, a double sink with sprayer, a backsplash, and a breakfast bar. The spacious living room, dining room, and den offer plenty of wall space for large furniture, room for your home office, and a walk-out to the west-facing covered balcony, which offers bright afternoon and evening natural light and beautiful sunsets. The king-sized bedroom includes a large double mirrored closet, an additional closet/linen closet and new window coverings. 4-Piece bathroom with a deep tub and upgraded light fixture and shower head. The foyer includes a double-door mirrored closet. Upgraded light fixtures throughout. Recently painted. Very well-managed building with a strong financial position, including a $5,000,000 reserve fund (approx.), with on-site property management. Move right in and enjoy the fabulous North York location! Virtually staged; the property is vacant.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$520
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,156
mls© NumberC13856836
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,380
Property tax
$180
Heat allowance
$150
Condo fees, half counted
$260
Housing costs
$2,970 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $93,000
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$1,957 / mo
Cash down
$93,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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