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$484,999
DOM88days1401 O'Connor Drive · Toronto · Ontario M4B 2V5
88 days on market
Spacious and bright 2 bedroom, 2 bathroom condo in The Lanes, offering over 650 sqft of thoughtfully designed living space. Features include full size appliances, one parking space and one locker. The den has been enclosed and can be used as a second bedroom, office, or additional living space, with condo board approval. Enjoy an impressive selection of building amenities, including a large party room, resident lounge, yoga room, gym, and a beautifully maintained rooftop terrace with BBQs. Conve…
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: UNION REALTY BROKERAGE INC.
Source: TRREB/PROPTX · MLS® E13608258
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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) | $22,079 | $1,840/mo |
| Government & taxes | ||
| Property tax | $2,526 | $211/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 | $9,156 | $763/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 | $55,446 | $4,621/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.