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New4 days ago

1010 - 7 Lorraine Drive

Willowdale West, Toronto

$555,300

Condo Apartment |
2 + 1 | 2 | 1 | 1
About this home

Prime Yonge & Finch Location! Welcome to this freshly renovated, bright and spacious 2-bedroom + den, 2-bathroom suite offering approximately 880 sq. ft. of thoughtfully designed living space on the 10th floor, featuring a beautiful open balcony with lovely views. Located in a highly sought-after building with an elegant, luxurious lobby, this move-in-ready home has been freshly painted throughout and enhanced with new electrical light fixtures. The functional open-concept living and dining area is perfect for both everyday living and entertaining, while the desirable split-bedroom layout provides excellent privacy and comfort. Includes 1 parking space conveniently located close to the elevators and 1 locker. Exceptional building amenities include 24-hour concierge, indoor swimming pool, sauna, fully equipped gym, party room, billiards room, and ample underground visitor parking. Unbeatable Yonge & Finch location, just steps to Finch Subway Station and GO Transit, with easy access to Highways 401 and 404. Close to excellent restaurants, shopping, entertainment, library, parks, and everyday conveniences. A beautifully updated home with a fantastic open view and balcony in one of the area's most desirable locations!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$739
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,949,369
mls© NumberC13720174
Listed ByHOMELIFE/MIRACLE REALTY LTD
Heat 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.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,842
Property tax
$245,781
Heat allowance
$150
Condo fees, half counted
$369
Housing costs
$249,142 / mo

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

Down payment20% · $111,060
25-yr amortization

Income needed

$7,666,000

gross annual household income

Payment at 4%
$2,337 / mo
Cash down
$111,060

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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