Loading neighbourhood intel…
Loading neighbourhood intel…
$579,000
DOM60days7 Lorraine Drive · Toronto · Ontario M2N 7H2
60 days on market
Welcome to this stunning, beautifully updated 2-Bedroom suite at highly sought-after 7 Lorraine Drive! Located in the vibrant heart of North York, this sun-filled unit features an excellent, open-concept layout with zero wasted space. Enjoy updated finishes including [Kitchen 2021, Washrooms 2025, Appliances 2021]. The spacious living area walks out to a private balcony with East views. Just steps to Finch Subway Station, GO Transit, Metro supermarket, trendy restaurants, parks. Just move in and…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: HOMELIFE LANDMARK REALTY INC.
Source: TRREB/PROPTX · MLS® C13705448
Do you own a home in Toronto?
Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.
Get My StreetValue™ →Monthly carrying costs, utilities, and closing cost estimates.
20%+ down — no CMHC premium
≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $26,359 | $2,197/mo |
| Government & taxes | ||
| Property tax | $2,549 | $212/mo |
| Land transfer tax(closing) | $8,055 | $671/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $5,790 | $483/mo |
| Condo fees | ||
| Condo / HOA fees | $7,621 | $635/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $61,033 | $5,086/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.