23 Lorraine Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Willowdale West. Expertly crafted featuring premium concrete and other construction, this residence presents an exceptional opportunity offered at $688,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 900-999 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Unit 508 at Symphony Square - a bright, west-facing 2-bedroom plus oversized den condo offering about 945 sq ft of comfortable, well-laid-out living space. The upgraded modern kitchen with stainless steel appliances and carpet free throughout is ready to move-in. The split-bedroom design gives great privacy, while the open living and dining area works perfectly whether you're entertaining, relaxing, or working from home. Large windows bring in warm afternoon sunlight and open up to unobstructed west views. The unit includes one parking space and one locker, and the monthly fees conveniently cover all utilities: hydro, water, heat, and A/C. The building itself is well-managed and offers great amenities including 24-hour concierge, a fitness centre, indoor pool, sauna, and plenty of visitor parking. Location-wise, it doesn't get much better - just steps to Finch Subway and GO Transit, with quick access to Highway 401, parks, schools, and shopping. A solid home in a vibrant North York community, ready for its next owner to move in and enjoy.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 23 Lorraine Drive 508, Toronto C07, ON M2N 6Z6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $688,800 in Toronto, the legal minimum down payment is $43,880 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,251 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,251 also applies, bringing the total estimated land transfer taxes to $20,502.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
