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$485,000
2550 Lawrence Avenue · Toronto · Ontario M1P 4Z3
109 days on market
Welcome to this end unit condo situated in a prime location, boasting an excellent layout and an abundance of natural light throughout the day. The property features two cozy bedrooms, two full washrooms, a solarium with a southern exposure allowing for optimal sunlight enjoyment, one underground parking, and ensuite laundry. The condo fee includes water, hydro, central air, heat, common elements, parking, and building insurance. The location is highly desirable, with proximity to TTC, Kennedy S…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
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: GALAXY STARS REALTY INC.
Source: TRREB/PROPTX · MLS® E13527514
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~950 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) | $22,079 | $1,840/mo |
| Government & taxes | ||
| Property tax | $1,657 | $138/mo |
| Land transfer tax(closing) | $6,175 | $515/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%) | $4,850 | $404/mo |
| Condo fees | ||
| Condo / HOA fees | $9,734 | $811/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 | $55,155 | $4,596/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.