$535,000 - 250 Lawrence Avenue Unit 416, Lawrence Park
Condo for Sale in Lawrence Park
43 days on market- MLS Number
- C13076508
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Sold under POWER OF SALE. "Sold" as is - where is. Power of Sale Opportunity - Attention investors and value-driven buyers-power of sale opportunity in a recently completed (2023) residence. 1+Den suite offering approximately 539 sq ft plus balcony, with a functional open-concept layout, south exposure, and floor-to-ceiling windows. Efficient design with a versatile den ideal for workspace or additional living use. Locker included. Located in a high-demand pocket near Avenue Rd, with immediate access to transit, shops, dining, and green space-an area known for consistent end-user demand and strong rental fundamentals. Well-appointed building featuring fitness facilities, co-working spaces, and rooftop amenities. No representations or warranties. Buyer to verify all details and perform their own due diligence. High interest anticipated. Opportunities in newer buildings under power of sale are limited-act quickly. Suitable for investors, renovators, or buyers looking to secure value in a competitive market. Buyers are advised to conduct their own due diligence regarding the property and its features. A solid property in a sought-after location! MUST SEE! Power of Sale, seller offers no warranty. 48 hours (work days) irrevocable on all offers. Being sold as is. Must attach Schedule "B" and use Seller's sample offer when drafting an offer (copy in attachment section of MLS). No representations or warranties of any kind by seller/agent. All information to be independently verified. Taxes estimated per city website.
Estimate your monthly payments for this property
Estimated Payment
$2,744.83/mo
Includes CMHC insurance ($14,927)
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 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
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.
250 Lawrence Avenue Unit 416, Lawrence Park / Bedford Park
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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
Fair Market Value
At $1070/sqft, this property is priced in line with current Lawrence Park 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.
Market Position
At 43 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 500 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: Lawrence Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,229 (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.