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$398,000
7 On the Park Condos · 1461 Lawrence Avenue · Toronto · Ontario M6L 0A6
80 days on market
Exceptional opportunity for first-time buyers or investors! This bright and spacious 1-bedroom, 1-bathroom suite at 7 On The Park is located in a modern four-year-old building and is freshly painted throughout. Complete with a locker, this move-in-ready unit features a smart, open-concept layout, floor-to-ceiling windows with window coverings, and an oversized balcony. The stylish European-inspired kitchen offers stone countertops, a centre island with a built-in dining table, and contemporary f…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $31KPrice reduction
MLS shows the seller reduced the asking price by $31,000 (from $429,000 to $398,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: RIGHT AT HOME REALTY
Source: TRREB/PROPTX · MLS® W13632282
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~250 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 42% of your true cost of ownership. The other 58% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $18,119 | $1,510/mo |
| Government & taxes | ||
| Property tax | $1,389 | $116/mo |
| Land transfer tax(closing) | $4,445 | $370/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%) | $3,980 | $332/mo |
| Condo fees | ||
| Condo / HOA fees | $4,428 | $369/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 | $43,021 | $3,585/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.