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              #602 1 Lomond Drive

              near Bloor & Islington
              $699,000 2+1bdr • 2ba • 1kit • 1000-1199sf
              Average Income
              $65,280
              Population Age
              46 y/old
              School Score
              8.25/10
              Price Index Change 1y
              +10.08%
              Price Index Change 3y
              +15.51%
              Rent Index Change 1y
              -1.76%
              Rent Index Change 3y
              +14.84%

              Condo Apt • Apartment #602 • 6 Level

              #602 1 Lomond Drive, Islington-City Centre West, Toronto
              • Rooms and Bathrooms 2+1 bedr, 2 bath
              • Kitchens 1
              • area 1000-1199
              • garage 1.0 Undergrnd
              • exposure W
              • age n/a
              • locker None
              • possession

                Immed/Tba

              $699,000

              $3,094.48
              Tax yr: 2020

              $936.00/m

              CALCULATED NUMBERS:

              $2623.00

              calculator

              $2869

              3

              8.25/10

              Location Details
              • Toronto

              • Toronto

              • Islington-City Centre West

              • Bloor & Islington

              • M8X2Z3

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              SOTHEBY`S INTERNATIONAL REALTY CANADA, BROKERAGE

              Property Overview
              Sought After "Town & County" Condo On Bloor Subway Line. Gorgeous, Spacious, 2 Br +Den With Over-Sized Balcony (240 Sq.Ft.) 9Ft Ceilings, Open Concept, Desirable Split Bedroom Plan. Renovated Bathrooms, Gourmet Kit. With Sun Filled Breakfast Area. Marble Foyer, Roman Pillars, Over-Sized Laundry, Storage Rm, Upscale Condo Has Landscaped Gardens By Thomas Riley Park & Mimico Creek, 24 Hr Concierge. Steps To Subway, Shops & Restaurants.
              Extras: All Elf, Window Coverings, Fridge, Stove, Microwave, Dishwasher, Washer & Dryer, All Built-Ins, Concierge Service 24/7, Gym, Library,
              Video tour available. Click to watch.
              Property Features
              • Park
              • Public Transit
              • School
              • Brick
              • Concierge
              • Exercise Room
              • Party/Meeting Room
              • Visitor Parking
              • Common Elements Included
              • Elevator
              • Ensuite Laundry
              • Heat Included
              • Hydro Included
              • Building Insurance Included
              • Parking Included
              • Water Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Seller Property Info Statement
              • Family Room
              • Cable TV Included
              • CAC Included
              Rooms details
              Living
              • Flat Level
              • Open Concept
              • Crown Moulding
              • Size 4.25x3.26
              Dining
              • Flat Level
              • W/O To Balcony
              • Crown Moulding
              • Size 3.76x3.59
              Kitchen
              • Flat Level
              • Eat-In Kitchen
              • Ceramic Floor
              • Galley Kitchen
              • Size 4.42x2.25
              Master
              • Flat Level
              • 4 Pc Ensuite
              • W/I Closet
              • Hardwood Floor
              • Size 4.31x3.70
              2nd Br
              • Flat Level
              • Hardwood Floor
              • Double Closet
              • Size 3.35x2.74
              Den
              • Flat Level
              • French Doors
              • B/I Closet
              • Size 3.23x2.74
              Basement
              • None
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              • Listing added to site: 2020-11-20 10:10:53
              • Last updated: 2020-11-20 10:24:28
              • Photos updated: 2020-11-20
              • Contract date: 2020-11-20
              • Input date: 2020-11-20
              • Expiry date: 2021-01-31
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Listing Overview

              General:

              602 1 Lomond Drive is a condo apt apartment, located in Islington-City Centre West of city of Toronto, Toronto region, near Bloor & Islington, and has been available for sale on CondosDirect since 2020-11-20. This unit is located at level 6 of the building and has West exposure of Lomond Dr. Condo registry office is MTCC, corporation number 1265.

              Lot Size and Living Area:

              602 1 Lomond Drive has 6+0 rooms in total, including 2+1 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 1000-1199 square feet.
              1.0 parking space(s) are owned and located undergrnd at level B-52 . An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:

              This condo is featuring Park, Public Transit, School at, or near the property.
              AIDA has also found the following features: Modern/Renovated/Well Maintained, Open Concept, Motivated Seller Indications, Landscaping, AIDA Recommended, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

              Price & Cost Overview

              General:

              602 1 Lomond Drive condo apt is listed for $699,000. Property tax for year 2020 was $3,094. And the monthly maintenance fee was $936.

              Comparative Market Analysis:

              There are similar 2+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $750,332.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,623, and total expenses, including the mortgage, property tax and maintenance, fee around $2,959, assuming $699,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 602 1 Lomond Drive, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Islington-City Centre West, where 1 Lomond Drive is located, has $772,685 Home Price Index, and $2,283 Home Rent Index. Average household income at dissemination area of 1 Lomond Drive is $65,280, and average polulation age is 46 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,059,457, and average Home Rent Index $2,567.

              Similar Properties & Community Details:

              There are similar to 602 1 Lomond Drive 2 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 1 Lomond Drive.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Islington-City Centre West neighborhood in city of Toronto.

              Schools:

              There are at least 2 school(s) located near 1 Lomond Drive, or schools, which boundaries this address belongs to with an average School Score 8.25 out of 10. Here are more details about these schools:
              1. Islington Junior Middle School (Grades JK-08), Public, Intermediate, ranked as Good.
              2. Etobicoke Collegiate Institute (Grades 09-12), Public, Secondary, ranked as Excellent.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              602 1 Lomond Drive Listings History Powered by AIDA
              Islington-city Centre West, Toronto Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Toronto Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (95 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 32 to 39 properties like that to be sold in Islington-City Centre West during the next 30 days.
              Seasonal sales fluctuation is showing 31% inventory increase comparing to the average annual number, which is equvalent to 27 properties sold per month, and 4% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 5 days, which is 15 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
              Seasonal sales fluctuation is showing 9% D.O.M. increase comparing to the average annual number, which is equvalent to 18 D.O.M., and -1% decrease comparing to the last six months indicating slightly growing demand for this type of properties within this price range.
              At what price can it be sold?
              Similar properties currently sell at 1.15% below its asking price in Islington-City Centre West.
              The selling to asking price ratio is slighyly declining, but this housing type demand remains stable in Islington-City Centre West.
              This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4995277 Comparative Market Analysis
              602 1 Lomond Drive Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Islington-city Centre West, Toronto, to the City of Toronto for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +10.08% comparig to the City of Toronto average of +12.835%

              Price Index 3y

              Price Index change was +15.51% comparig to the City of Toronto average of +5.525%

              Rent Index 1y

              Rent Index change was -1.76% comparig to the City of Toronto average of +2.81%

              Rent Index 3y

              Rent Index change was +15.51% comparig to the City of Toronto average of +5.525%

              Walkscore

              No sufficient data available

              Transitscore

              No sufficient data available

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 8.25 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

              Assuming Fixed Rate, Monthly Payments

              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

              Save mortgage settings to your profile for automated mortgage calculation on all listings. Account login required.

              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

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