23 Lorraine Drive Unit 1506, Toronto C07

Price: $638,800

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: C13797540

Luxury Living at Symphony Square - 2-Bedroom Gem in the Heart of North York with Great Sunset View! See Photos. Welcome to this stunning 2-bedroom, 2-bathroom suite in the highly sought-after Symphony Square. Bright, spacious, and beautifully maintained. This sun-filled unit offers the perfect blend of style, comfort, and convenience. Step into a modern open-concept living and dining area, featuring elegant laminate flooring, upgraded appliances, and quality finishes. A stylish chandelier adds a sophisticated touch to the space. The beautifully kitchen is a showstopper, complete with quartz countertops, stainless steel appliances, upgraded faucet. Enjoy your morning coffee in the breakfast area overlooking unobstructed west views. The split-bedroom layout ensures maximum privacy-ideal for families or professionals working from home. Step out to your private balcony - an ideal extension of your living space. This unit also includes the convenience of in-suite laundry. Low maintenance fees covering utilities-offering exceptional value and peace of mind. Features Include: Ensuite Laundry, Parking & Locker Included. Great Amenities, Concierge/Security, Location: Situated in the heart of North York, just steps to Finch Subway, TTC, restaurants, parks, schools, and shopping. Quick and easy access to Highways. A rare opportunity to own a turnkey, spacious condo in one of North York's most convenient and great communities.

23 Lorraine Drive Unit 1506 - Condo photo 1 of 25 in Thornhill / Willowdale, Ontario
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active

$638,800 - 23 Lorraine Drive Unit 1506, Willowdale

Condo for Sale in Willowdale

Neighbourhood: Willowdale West

2Beds
2Baths
800Sq Ft
Condo

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Property Details
MLS Number
C13797540
Property Type
Condo
Status
active
Days on Site
20
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Thornhill / Willowdale
Taxes (2026)
$2,985
Maintenance Fees
$708/mo
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
RE/MAX CROSSROADS REALTY INC.
Description

Luxury Living at Symphony Square - 2-Bedroom Gem in the Heart of North York with Great Sunset View! See Photos. Welcome to this stunning 2-bedroom, 2-bathroom suite in the highly sought-after Symphony Square. Bright, spacious, and beautifully maintained. This sun-filled unit offers the perfect blend of style, comfort, and convenience. Step into a modern open-concept living and dining area, featuring elegant laminate flooring, upgraded appliances, and quality finishes. A stylish chandelier adds a sophisticated touch to the space. The beautifully kitchen is a showstopper, complete with quartz countertops, stainless steel appliances, upgraded faucet. Enjoy your morning coffee in the breakfast area overlooking unobstructed west views. The split-bedroom layout ensures maximum privacy-ideal for families or professionals working from home. Step out to your private balcony - an ideal extension of your living space. This unit also includes the convenience of in-suite laundry. Low maintenance fees covering utilities-offering exceptional value and peace of mind. Features Include: Ensuite Laundry, Parking & Locker Included. Great Amenities, Concierge/Security, Location: Situated in the heart of North York, just steps to Finch Subway, TTC, restaurants, parks, schools, and shopping. Quick and easy access to Highways. A rare opportunity to own a turnkey, spacious condo in one of North York's most convenient and great communities.

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Estimate your monthly payments for this property

Estimated Payment

$3,277.38/mo

Includes CMHC insurance ($17,823)

$
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5%10%50%

5-yr fixed avg.

Principal: $574,920Interest: $390,470
Mortgage Amount$592,743
Total Interest$390,470
Est. Property Tax$452/mo
Total Cost$983,213

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Willowdale West

Discover Willowdale West

Willowdale West is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Willowdale West

  • •Convenient location in Thornhill / Willowdale
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

Willowdale West offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

23 Lorraine Drive Unit 1506, Thornhill / Willowdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$708
Property Tax (est.)-$452
Insurance (est.)-$133
Net Cash Flow+$907

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $799/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $708/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

About Willowdale West

I know Willowdale West well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Investment Perspective

Looking at this as an investment: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,662 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    23 Lorraine Drive Unit 1506 | $638,800 | Battaglia Team