23 Lorraine Drive, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Willowdale West. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $589,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 800-899 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 318 at 23 Lorraine Drive. A beautifully maintained 2 bedroom, 2 bathroom condo offering approximately 865 sq ft of highly functional living space in the heart of North York's Yonge and Finch corridor.This well-designed split-bedroom layout provides excellent separation and privacy, ideal for professionals, small families, or those working from home. Updated flooring runs throughout, complementing the open-concept kitchen with breakfast bar that flows seamlessly into a dedicated dining area and spacious living room. A layout that truly balances everyday comfort with practical functionality.The primary bedroom offers a generous footprint with a private ensuite, while the second bedroom is well-sized and conveniently located near the second full bathroom. Large windows invite natural light, creating a bright and comfortable atmosphere throughout the home.Residents enjoy a full suite of amenities including a newly renovated indoor pool, fitness center, party room, billiards room, library, meeting room, and 24-hour concierge and security. Well-managed building with maintenance fees that include heat, hydro, water, and building insurance, offering exceptional value and peace of mind.Unbeatable location just steps to Finch Subway Station and GO Transit, with quick access to Highways 401 and 404. Surrounded by restaurants, shopping, parks, and top-rated schools, this is a prime opportunity to own in one of North York's most established and transit-connected communities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 23 Lorraine Drive 318, 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 $589,900 in Toronto, the legal minimum down payment is $33,990 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 $8,273 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,273 also applies, bringing the total estimated land transfer taxes to $16,546.
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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.
