23 Lorraine Drive Unit 610, Toronto C07

Price: $465,000

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: C13856836

Large, well-maintained, bright one-bedroom plus den with balcony, ensuite laundry, and owned parking and locker! Low maintenance fees of $519.99 at $0.86 per foot, which include all your utilities. Prime location at Yonge & Finch, steps to the Finch subway and the abundance of convenient services and amenities along Yonge St. Short drive to the Hwy 401, Hwy 404/DVP and Hwy 407. Enjoy the amazing building amenities, including a 24-hour concierge, a large modern gym, a large swimming pool, a sauna in each change room, a large party room, a billiard room, and guest suites. The fabulous floor plan features 9-foot ceilings, a large open-concept kitchen with newer full-sized appliances, plenty of cabinet and counter space, a double sink with sprayer, a backsplash, and a breakfast bar. The spacious living room, dining room, and den offer plenty of wall space for large furniture, room for your home office, and a walk-out to the west-facing covered balcony, which offers bright afternoon and evening natural light and beautiful sunsets. The king-sized bedroom includes a large double mirrored closet, an additional closet/linen closet and new window coverings. 4-Piece bathroom with a deep tub and upgraded light fixture and shower head. The foyer includes a double-door mirrored closet. Upgraded light fixtures throughout. Recently painted. Very well-managed building with a strong financial position, including a $5,000,000 reserve fund (approx.), with on-site property management. Move right in and enjoy the fabulous North York location! Virtually staged; the property is vacant.

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active
New Listing

$465,000 - 23 Lorraine Drive Unit 610, Willowdale

Condo for Sale in Willowdale

New — Listed 2 days ago

Neighbourhood: Willowdale West

2Beds
1Baths
600Sq Ft
Condo

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Property Details
MLS Number
C13856836
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Thornhill / Willowdale
Taxes (2026)
$2,156
Maintenance Fees
$520/mo
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
CHESTNUT PARK REAL ESTATE LIMITED
Description

Large, well-maintained, bright one-bedroom plus den with balcony, ensuite laundry, and owned parking and locker! Low maintenance fees of $519.99 at $0.86 per foot, which include all your utilities. Prime location at Yonge & Finch, steps to the Finch subway and the abundance of convenient services and amenities along Yonge St. Short drive to the Hwy 401, Hwy 404/DVP and Hwy 407. Enjoy the amazing building amenities, including a 24-hour concierge, a large modern gym, a large swimming pool, a sauna in each change room, a large party room, a billiard room, and guest suites. The fabulous floor plan features 9-foot ceilings, a large open-concept kitchen with newer full-sized appliances, plenty of cabinet and counter space, a double sink with sprayer, a backsplash, and a breakfast bar. The spacious living room, dining room, and den offer plenty of wall space for large furniture, room for your home office, and a walk-out to the west-facing covered balcony, which offers bright afternoon and evening natural light and beautiful sunsets. The king-sized bedroom includes a large double mirrored closet, an additional closet/linen closet and new window coverings. 4-Piece bathroom with a deep tub and upgraded light fixture and shower head. The foyer includes a double-door mirrored closet. Upgraded light fixtures throughout. Recently painted. Very well-managed building with a strong financial position, including a $5,000,000 reserve fund (approx.), with on-site property management. Move right in and enjoy the fabulous North York location! Virtually staged; the property is vacant.

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Estimate your monthly payments for this property

Estimated Payment

$2,385.69/mo

Includes CMHC insurance ($12,974)

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5-yr fixed avg.

Principal: $418,500Interest: $284,234
Mortgage Amount$431,474
Total Interest$284,234
Est. Property Tax$329/mo
Total Cost$715,707

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 610, 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)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$1,254

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 $775/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Willowdale's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 $520/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 600 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    23 Lorraine Drive Unit 610 | $465,000 | Battaglia Team