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$499,900
1401 O'Connor Drive · Toronto · Ontario M4B 2V5
149 days on market
Bright unit at "The Lanes" boutique condo! Upgraded unit. 2 full baths. 650 sq ft. Parking & locker included. Great layout overlooking O'Connor Dr. Large den can be used as a bedroom. Kitchen with stainless steel appliances, newer built-in dishwasher & microwave. Bedroom has 3-pc ensuite bath with glass enclosure. Also a 4-pc bath. Laundry. Building amenities includes gym, rooftop and more! Maintenance free includes internet cable with 2 boxes. Close to highways, restaurants, shopping, TTC stop…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
↓ $10KPrice reduction
MLS shows the seller reduced the asking price by $10,000 (from $509,900 to $499,900).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: RE/MAX ULTIMATE REALTY INC.
Source: TRREB/PROPTX · MLS® E13187962
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 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 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $22,758 | $1,896/mo |
| Government & taxes | ||
| Property tax | $2,481 | $207/mo |
| Land transfer tax(closing) | $6,473 | $539/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%) | $4,999 | $417/mo |
| Condo fees | ||
| Condo / HOA fees | $9,007 | $751/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 | $56,378 | $4,698/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.