$639,888 - 23 Lorraine Drive Unit 717, Willowdale
Condo for Sale in Willowdale
- MLS Number
- C13127072
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Thornhill / Willowdale
- Locker
- Owned
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
***Stunning, Updated 2+1 Bed, 2-Bath Suite In The Coveted Symphony Square At 23 Lorraine Dr***This Bright, East-Facing Residence Welcomes You With A Refreshed, Contemporary Interior, A Smart And Efficient Layout, And Abundant Natural Light Throughout The Day. The Open-Concept Living And Dining Area Is Framed By Expansive Windows That Capture Serene Morning Sun-An Ideal Setting For Coffee, Reading, Or Quiet Work-From-Home Time. The Modern Kitchen Features Updated Finishes, Generous Storage, And A Clean, Stylish Aesthetic. Both Bedrooms Offer Excellent Space And Comfort, With The Primary Showcasing A Beautifully Renovated Ensuite And Impressive Closet Capacity. Spotlessly Maintained, This Suite Is Truly Move-In Ready. Thoughtful Upgrades, Neutral Design Choices, And Pristine Condition Make It An Exceptional Option For First-Time Buyers, Downsizers, Or Investors Seeking A Turnkey Property. Residents Of Symphony Square Enjoy Premium Amenities, Including A 24-Hour Concierge, Fitness Centre, Indoor Pool, Sauna, Party Room, Billiards, And Ample Visitor Parking. Set Within North York's Vibrant Yonge & Finch Community, The Location Delivers Unmatched Convenience-Steps To The Subway, TTC, GO Bus, Parks, Cafes, Restaurants, Shopping, And Top-Rated Schools. The Neighbourhood Blends Urban Energy With Comfortable Residential Living. This Suite Includes Parking and Locker, Adding Valuable Functionality. A Beautifully Updated Home For You In A Well-Managed Building-This One Truly Checks All The Boxes.
Estimate your monthly payments for this property
Estimated Payment
$3,282.96/mo
Includes CMHC insurance ($17,853)
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 717, Thornhill / Willowdale
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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
Competitive Pricing
At $800/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.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,666 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.