$649,000 - 23 Lorraine Drive Unit 705, Willowdale
Condo for Sale in Willowdale
102 days on market- MLS Number
- C12852364
- Property Type
- Condo
- Status
- active
- Days on Site
- 102
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Thornhill / Willowdale
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE GOLD PACIFIC REALTY INC.
Spacious 2-Bedroom Condo Located in the prestigious Symphony Square at Yonge and Finch. This suite features two bedrooms and two bathrooms, complemented by a beautiful, unobstructed west-facing view. The open-concept split-bedroom layout ensures privacy for each occupant. The master bedroom includes a four-piece ensuite, two large closets for ample storage, and new pot lights. Both bedrooms boast generous proportions and large windows that fill the space with warm afternoon sunlight. The modern kitchen is upgraded with new cabinet doors and a faucet. The suite is carpet-free, freshly painted, and move-in ready, with new fixtures and vinyl flooring throughout. The open-plan living and dining area offers a flexible space ideal for entertaining, relaxing, or working from home. Step out onto your private, covered balcony to enjoy breathtaking city and park views. Included with the suite are one parking space and one locker for extra storage. Monthly maintenance fees cover all utilities: hydro, water, heat, and air conditioning. The well-managed building provides impressive amenities such as a 24-hour concierge, fitness centre, indoor pool, sauna, party room, and ample visitor parking. Symphony Square is nestled in one of North York's most desirable communities, steps from Finch Subway Station, Viva, and GO Transit. With quick access to Highway 401, commuting is effortless. Residents enjoy close proximity to parks, schools, shopping, and high-end restaurants, supporting a vibrant urban lifestyle. Featuring an excellent walk score and all amenities nearby, this must-see condo is ready for its next owner to move in and enjoy. Some photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
5-yr fixed avg.
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.
Discover Thornhill / Willowdale
Thornhill / Willowdale 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 Thornhill / Willowdale
- •Convenient location in Thornhill / Willowdale
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Thornhill / Willowdale 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.
23 Lorraine Drive Unit 705, Thornhill / Willowdale
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $811/sqft, this property is priced in line with current Willowdale market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 102 days on site, this property has exceeded the typical selling timeline for Willowdale. 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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,704 (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.