$850,000 - 23 Lorraine Drive Unit 2105, Willowdale
Condo for Sale in Willowdale
48 days on marketNeighbourhood: Willowdale West
- MLS Number
- C13149304
- Property Type
- Condo
- Status
- active
- Days on Site
- 48
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Thornhill / Willowdale
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Welcome To Suite 2105 At 23 Lorraine Drive - Featuring One Of The Rarest And Most Sought-After Layouts In The Building! Offering Approximately 1,190 Sq. Ft. Of Beautifully Updated Living Space, This Bright And Spacious 2 Bedroom + Den, 2 Full Bathroom Residence Combines Exceptional Size, Functionality, And Location In The Heart Of North York. Freshly Painted And Enhanced With Brand New Flooring Throughout, The Thoughtfully Designed Open-Concept Layout Provides Outstanding Flow For Everyday Living And Entertaining. The Large Renovated Kitchen Is A Standout Feature, Offering Extensive Cabinetry, Generous Counter Space, And An Abundance Of Storage Rarely Found In Condominium Living. The Versatile Den Easily Serves As A Home Office, Guest Space, Or Additional Family Area. Retreat To The Expansive Primary Suite Complete With A Full Ensuite Bathroom And Ample Closet Space. Includes 1 Parking Space And 1 Locker For Added Convenience. Ideally Situated Steps To Yonge & Finch Subway Station, TTC, Restaurants, Shopping, Grocery Stores, Parks, Schools, And Major Highways. An Exceptional Opportunity To Own A Spacious, Move-In Ready Home In One Of North York's Most Connected And Desirable Communities. Some Photos AI Staged.
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Estimated Payment
$4,360.94/mo
Includes CMHC insurance ($23,715)
5-yr fixed avg.
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.
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
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.
23 Lorraine Drive Unit 2105, Thornhill / Willowdale
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $850/sqft, this property is priced in line with current Willowdale market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 48 days on site, this property has exceeded the typical selling timeline for Willowdale. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,542 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.