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New20 hours ago

1015 - 7 Lorraine Drive

Willowdale West, Toronto

$579,000

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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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$635
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,549
mls© NumberC13705448
Listed ByHOMELIFE LANDMARK REALTY INC.
Heat Included
Common Elements Included
Parking Included
Building Insurance Included
Water Included
CAC 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%
$2,964
Property tax
$212
Heat allowance
$150
Condo fees, half counted
$318
Housing costs
$3,644 / mo

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

Down payment20% · $115,800
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

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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