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              #1407 2550 Lawrence Avenue East

              near Midland/ Lawrence
              $429,800 1+1bdr • 1ba • 1kit • 700-799sf
              Average Income
              $63,296
              Population Age
              39 y/old
              School Score
              5.95/10
              Price Index Change 1y
              +13.79%
              Price Index Change 3y
              +23.75%
              Rent Index Change 1y
              +3.05%
              Rent Index Change 3y
              +31.20%

              Condo Apt • Apartment #1407 • 14 Level

              #1407 2550 Lawrence Avenue East, Dorset Park, Toronto
              • Rooms and Bathrooms 1+1 bedr, 1 bath
              • Kitchens 1
              • area 700-799
              • garage 1.0 Undergrnd
              • exposure W
              • age 16-30
              • locker None
              • possession

                30/60/Flex

              $429,800

              $1,157.42
              Tax yr: 2020

              $490.53/m

              CALCULATED NUMBERS:

              $1613.00

              calculator

              $1200

              2

              65 Somewhat Walkable

              73 Excellent Transit

              59 Bikeable

              5.95/10

              Location Details
              • Toronto

              • Toronto

              • Dorset Park

              • Midland/ Lawrence

              • M1P2R7

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

              CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE

              Property Overview
              Exceptional Sun Filled One Plus One Suite. Oversized Living Space Perfect For Entertaining. Laminate Floors Throughout. Newly Painted. Ensuite Laundry. Separate Dining Room With Wall To Wall Storage. Unobstructed West View Solarium With Overhead Storage Built In. Very Well Maintained Building With Low Maintenance Fees (Heat, Hydro, Water Included) Can Easily Be Used As 2 Br For A Family. *Fantastic Location Close To Every Amenity You Could Possibly Want!
              Extras: Fridge, Stove, Dishwasher, Washer Dryer, All Elfs. All Window Coverings. Building Hallways And Doors Are Being Repainted, Recarpeted And Retiled
              Video tour available. Click to watch.
              Property Features
              • Clear View
              • Hospital
              • Library
              • Park
              • Place Of Worship
              • Public Transit
              • Concrete
              • Concierge
              • Gym
              • Indoor Pool
              • Party/Meeting Room
              • Recreation Room
              • Sauna
              • Common Elements Included
              • Ensuite Laundry
              • Heat Included
              • Hydro Included
              • Building Insurance Included
              • Parking Included
              • Water Included
              • CAC Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Seller Property Info Statement
              • Family Room
              • Cable TV Included
              Rooms details
              Living
              • Flat Level
              • Laminate
              • Open Concept
              • W/O To Sunroom
              • Size 5.60x3.10
              Dining
              • Flat Level
              • Laminate
              • Separate Rm
              • Size 3.00x2.10
              Kitchen
              • Flat Level
              • Ceramic Floor
              • Pantry
              • Size 2.29x1.85
              Master
              • Flat Level
              • Laminate
              • Large Window
              • Size 4.00x3.05
              Solarium
              • Flat Level
              • Laminate
              • Large Window
              • West View
              • Size 2.26x1.86
              Basement
              • None
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              • Listing added to site: 2020-10-16 10:10:28
              • Last updated: 2020-10-26 11:27:09
              • Photos updated: 2020-10-16
              • Contract date: 2020-10-16
              • Input date: 2020-10-16
              • Expiry date: 2021-01-16
              • Closed date: 0000-00-00
              • Condition expiry date: 2020-10-30
              • 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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              1407 2550 Lawrence Avenue East Property & Location Overview Powered By AIDA
              Listing Overview

              General:

              1407 2550 Lawrence Avenue East is a condo apt apartment, located in Dorset Park of city of Toronto, Toronto region, near Midland/ Lawrence, and has been available for sale on CondosDirect since 2020-10-16. This unit is located at level 14 of the building and has West exposure of Lawrence E Ave. Condo registry office is MTCC, corporation number 1039.

              Lot Size and Living Area:

              1407 2550 Lawrence Avenue East has 4+1 rooms in total, including 1+1 bedroms, 1 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 700-799 square feet. 2550 Lawrence Avenue East building was built appriximately 16-30 years ago.
              1.0 parking space(s) are exclusive and located undergrnd at level . This condo has an ensuite laundry.

              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 Clear View, Hospital, Library, Park, Place Of Worship, Public Transit at, or near the property.
              AIDA has also found the following features: Modern/Renovated/Well Maintained, and possible sellers motivation indicators such as Flexible Possession.

              Price & Cost Overview

              General:

              1407 2550 Lawrence Avenue East condo apt is listed for $429,800. Property tax for year 2020 was $1,157. And the monthly maintenance fee was $491.

              Comparative Market Analysis:

              There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $429,126.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $1,613, and total expenses, including the mortgage, property tax and maintenance, fee around $1,750, assuming $429,800 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 1407 2550 Lawrence Avenue East, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Dorset Park, where 2550 Lawrence Avenue East is located, has $607,210 Home Price Index, and $2,094 Home Rent Index. Average household income at dissemination area of 2550 Lawrence Avenue East is $63,296, and average polulation age is 39 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,051,070, and average Home Rent Index $2,580.

              Similar Properties & Community Details:

              There are similar to 1407 2550 Lawrence Avenue East 1 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 2550 Lawrence Avenue East.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Dorset Park neighborhood in city of Toronto.

              Schools:

              There are at least 2 school(s) located near 2550 Lawrence Avenue East, or schools, which boundaries this address belongs to with an average School Score 5.95 out of 10. Here are more details about these schools:
              1. Donwood Park Public School (Grades JK-08), Public, Intermediate, ranked as Good.
              2. David and Mary Thomson Collegiate Institute (Grades 09-12), Public, Secondary, ranked as Average.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 65, 73, and 59 accordingly, location of 2550 Lawrence Avenue East overall can be described as Somewhat Walkable, Excellent Transit, and Bikeable.

              1407 2550 Lawrence Avenue East Listings History Powered by AIDA
              Dorset Park, 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 (102 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 11 to 13 properties like that to be sold in Dorset Park during the next 30 days.
              Seasonal sales fluctuation is showing 24% inventory increase comparing to the average annual number, which is equvalent to 9.67 properties sold per month, and 29% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 10 days, which is 6 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
              Seasonal sales fluctuation is showing 10% D.O.M. increase comparing to the average annual number, which is equvalent to 14 D.O.M., and 13% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price can it be sold?
              Similar properties currently sell at 1.91% above its asking price in Dorset Park.
              The selling to asking price ratio is slighyly growing, as this housing type demand remains stable in Dorset Park.
              This property has been on the market for less than average number of days it takes a home to sell in Dorset Park (16.2) .
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS E4955979 Comparative Market Analysis
              1407 2550 Lawrence Avenue East Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Dorset Park, 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 +13.79% comparig to the City of Toronto average of +6.15%

              Price Index 3y

              Price Index change was +23.75% comparig to the City of Toronto average of +6.955%

              Rent Index 1y

              Rent Index change was +3.05% comparig to the City of Toronto average of +1.195%

              Rent Index 3y

              Rent Index change was +23.75% comparig to the City of Toronto average of +6.955%

              Walkscore

              Walkscore 65 out of 100 means Somewhat Walkable

              Transitscore

              Transitscore 73 out of 100 means Excellent Transit

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 5.95 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

              $6,900 Cashback
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              Condo Fee

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              71

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              Condo Fee

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              66

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