| Heat Included | |
| Water Included | |
| Common Elements Included | |
| Building Insurance Included | |
| Parking Included |
New3 days ago
1015 - 7 Lorraine Drive
Willowdale West, Toronto
$559,000
Condo Apartment |
2 | 2 | 1 | 1
About this home
Welcome to this stunning, beautifully updated 2-Bedroom suite at highly sought-after 7 Lorraine Drive! Located in the vibrant heart of North York, this sun-filled unit features an excellent, open-concept layout with zero wasted space. Enjoy updated finishes including[Kitchen 2021, Washrooms 2025, Appliances 2021]. The spacious living area walks out to a private balcony with East views. Just steps to Finch Subway Station, GO Transit, Metro supermarket, trendy restaurants, parks. Just move in and enjoy
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,861
- Property tax
- $212
- Heat allowance
- $150
- Condo fees, half counted
- $318
- Housing costs
- $3,541 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $111,800
25-yr amortization
Income needed
$109,000
gross annual household income
- Payment at 4%
- $2,352 / mo
- Cash down
- $111,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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