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$460,000
2150 Lawrence Avenue · Toronto · Ontario M1R 3A7
56 days on market
This condo unit is located in a newly built building under 10 years old, in central Scarborough. *The unit overlooks the courtyard. *The third floor has a large bbq terrace. *Unit comes with open concept kitchen and stainless steel appliances. *Laminate floor throughout. *2 Bedrooms. 2 washrooms. The Primary bedroom comes with a 4 piece ensuite . *Exercise room, rec room, billiard room, pool in 1338 Birchmount Rd. guest suite available* Unit has been freshly painted, bright and inviting.
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $45KPrice reduction
MLS shows the seller reduced the asking price by $45,000 (from $505,000 to $460,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: HOMELIFE/5 STAR REALTY LTD.
Source: TRREB/PROPTX · MLS® E13723562
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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 41% of your true cost of ownership. The other 59% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $20,941 | $1,745/mo |
| Government & taxes | ||
| Property tax | $2,246 | $187/mo |
| Land transfer tax(closing) | $5,675 | $473/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%) | $4,600 | $383/mo |
| Condo fees | ||
| Condo / HOA fees | $7,323 | $610/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 | $51,446 | $4,287/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.