2 Covington Road Unit 708, Toronto C04

Price: $689,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: C13004122

Welcome to Crystal Towers at 2 Covington Road, Suite 708. This rarely available, renovated oversized 2-bedroom, 2-bathroom condo offers 1,140 square feet of bright, well-designed living space in one of North Toronto's most established and sought-after neighbourhoods. Spacious units of this size are getting harder to find, making this an excellent opportunity. Freshly painted and move-in ready, this suite features hardwood flooring throughout, modern pot lights, and a functional layout that smartly separates the living and sleeping areas for added privacy. The renovated kitchen is finished with quartz countertops, updated cabinetry, and brand new appliances, including the stove, dishwasher, washer, and dryer.Both bedrooms are generously sized, including a large primary bedroom with its own ensuite bath. A second full bathroom offers added convenience for family, guests, or resale value. Enjoy your private balcony, plus the added bonus of one parking space and locker.Crystal Towers is a well-managed, amenity-rich building with an outdoor pool, gym, and party room. Ideally located at Bathurst and Lawrence, you are steps to shopping, transit, parks, schools, restaurants, and everyday conveniences. A turnkey, spacious condo in a high-demand location with strong long-term value.Inclusions: Fridge, stove, dishwasher, washer, dryer, all existing blinds, all existing light fixtures.

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$689,900 - 2 Covington Road Unit 708, Lawrence Park

Condo for Sale in Lawrence Park

61 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
C13004122
Property Type
Condo
Status
active
Days on Site
61
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Lawrence Park / Bedford Park
Locker
Owned
Exposure
North West
Balcony
Open
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Welcome to Crystal Towers at 2 Covington Road, Suite 708. This rarely available, renovated oversized 2-bedroom, 2-bathroom condo offers 1,140 square feet of bright, well-designed living space in one of North Toronto's most established and sought-after neighbourhoods. Spacious units of this size are getting harder to find, making this an excellent opportunity. Freshly painted and move-in ready, this suite features hardwood flooring throughout, modern pot lights, and a functional layout that smartly separates the living and sleeping areas for added privacy. The renovated kitchen is finished with quartz countertops, updated cabinetry, and brand new appliances, including the stove, dishwasher, washer, and dryer.Both bedrooms are generously sized, including a large primary bedroom with its own ensuite bath. A second full bathroom offers added convenience for family, guests, or resale value. Enjoy your private balcony, plus the added bonus of one parking space and locker.Crystal Towers is a well-managed, amenity-rich building with an outdoor pool, gym, and party room. Ideally located at Bathurst and Lawrence, you are steps to shopping, transit, parks, schools, restaurants, and everyday conveniences. A turnkey, spacious condo in a high-demand location with strong long-term value.Inclusions: Fridge, stove, dishwasher, washer, dryer, all existing blinds, all existing light fixtures.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,539.54/mo

Includes CMHC insurance ($19,248)

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5-yr fixed avg.

Principal: $620,910Interest: $421,705
Mortgage Amount$640,158
Total Interest$421,705
Est. Property Tax$489/mo
Total Cost$1,061,863

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Lawrence Park / Bedford Park

Discover Lawrence Park / Bedford Park

Lawrence Park / Bedford Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Lawrence Park / Bedford Park

  • Convenient location in Lawrence Park / Bedford Park
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Lawrence Park / Bedford Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

2 Covington Road Unit 708, Lawrence Park / Bedford Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$489
Insurance (est.)-$144
Net Cash Flow+$1,077

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $690/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 61 days on site, this property has exceeded the typical selling timeline for Lawrence Park. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Investment Perspective

Looking at this as an investment: Lawrence Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    2 Covington Road Unit 708, Lawr… — $689,900 | Battaglia Team