$1,639,000 - 3800 Yonge Street Unit 507, Lawrence Park
Condo for Sale in Lawrence Park
61 days on market- MLS Number
- C13003706
- Property Type
- Condo
- Status
- active
- Days on Site
- 61
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Locker
- None
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
Welcome to Governor's Hill where timeless design meets an effortless lifestyle in the heart of Hogg's Hollow - one of Toronto's most admired communities. This 2023 sq. ft. TRIDEL residence features light-filled principal rooms, elegant proportions, a split-bedroom layout balances flow and privacy. The primary suite is a retreat of its own, with two huge walk-in closets, a double closet & spacious ensuite bathroom. You will love the sunny family room right off the kitchen with built-in entertainment unit. Complete with two parking spaces, plenty of ensuite storage, and luxury concierge with 24 hour staffed gatehouse add convenience and confidence. At Governor's Hill, every comfort is considered along with a true sense of community unlike anywhere else. Enjoy resort-style amenities including a saltwater pool with hot tub, steam and sauna rooms, gym, exercise classes, indoor squash/pickleball court, library, and games lounge - all surrounded by lush, manicured grounds that feel worlds away from the city, yet just set back from Yonge Street, and minutes to the subway, Hwy 401 and shopping. Included: Building insurance, Building & Grounds Maintenance, CAC, Heat, Hydro, Cable TV, 2 Parking are all included in the monthly maintenance fee.
Estimate your monthly payments for this property
Estimated Payment
$7,249.85/mo
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.
3800 Yonge Street Unit 507, 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 $820/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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $6,829 (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.