2550 Lawrence Avenue Unit 816, Toronto E04

Price: $499,000

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: E13004598

*Amazing Location! Rare *Corner Unit* On The Floor With Close Access To A Huge Open Terrace Patio Right Next Door, Offering Beautiful Views. This Spacious 2-Bedroom, 2 Full-Bath Suite Features A Large Living Area, A Dedicated Dining Space, And A Separate Kitchen With A Convenient Serving Window. The Unit Is Filled With Natural Light And Has Been Meticulously Maintained. Maintenance Fees Include All Utilities (Heat, Hydro, Water, And A/C). Laminate Flooring Runs Throughout The Unit. The Large Primary Bedroom Includes A 4-Piece Ensuite With A Jacuzzi Jet Bathtub. A Dedicated, Enclosed Laundry Area Is Located In The Second 4-Piece Bathroom. Includes Underground Parking With Remote Access, Fob-Secured Building Entry, And A Secure Mailbox. Building Amenities Include A Gym, Indoor Pool, Jacuzzi, Billiards Room, Table Tennis Party Room, Kids Playground, And Plenty Of Visitor Parking And 24-Hour Concierge Service. The Entire Building Is Monitored By CCTV Surveillance. Ideally Located Close To Kennedy Subway & GO Station, With TTC At Your Doorstep, And Near Schools, Places Of Worship, Libraries, Parks, Shopping, Hospitals, Highway 401, And More.

2550 Lawrence Avenue Unit 816 - Condo photo 1 of 35 in Dorset Park / Kennedy Park, Ontario
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New Listing
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$499,000 - 2550 Lawrence Avenue Unit 816, Kennedy Park

Condo for Sale in Kennedy Park

New — Listed yesterday
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
E13004598
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Dorset Park / Kennedy Park
Locker
None
Exposure
North
Balcony
None
Listing Brokerage
HOMELIFE/FUTURE REALTY INC.
Description

*Amazing Location! Rare *Corner Unit* On The Floor With Close Access To A Huge Open Terrace Patio Right Next Door, Offering Beautiful Views. This Spacious 2-Bedroom, 2 Full-Bath Suite Features A Large Living Area, A Dedicated Dining Space, And A Separate Kitchen With A Convenient Serving Window. The Unit Is Filled With Natural Light And Has Been Meticulously Maintained. Maintenance Fees Include All Utilities (Heat, Hydro, Water, And A/C). Laminate Flooring Runs Throughout The Unit. The Large Primary Bedroom Includes A 4-Piece Ensuite With A Jacuzzi Jet Bathtub. A Dedicated, Enclosed Laundry Area Is Located In The Second 4-Piece Bathroom. Includes Underground Parking With Remote Access, Fob-Secured Building Entry, And A Secure Mailbox. Building Amenities Include A Gym, Indoor Pool, Jacuzzi, Billiards Room, Table Tennis Party Room, Kids Playground, And Plenty Of Visitor Parking And 24-Hour Concierge Service. The Entire Building Is Monitored By CCTV Surveillance. Ideally Located Close To Kennedy Subway & GO Station, With TTC At Your Doorstep, And Near Schools, Places Of Worship, Libraries, Parks, Shopping, Hospitals, Highway 401, And More.

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Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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: Dorset Park / Kennedy Park

Discover Dorset Park / Kennedy Park

Dorset Park / Kennedy 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 Dorset Park / Kennedy Park

  • Convenient location in Dorset Park / Kennedy 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

Dorset Park / Kennedy 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

2550 Lawrence Avenue Unit 816, Dorset Park / Kennedy Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,238

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 $554/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Kennedy Park's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 900 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.

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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