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New3 hours ago

524 - 650 Lawrence Avenue W

Englemount-Lawrence, Toronto

$309,000

Condo Apartment |
0 | 1 | 0 | 0
About this home

**Discover an outstanding opportunity at The Shermount** Offering over 500 sq. ft. of thoughtfully proportioned living space, this well-maintained studio suite presents a rare combination of space, natural light and exceptional potential in one of Toronto's most exceptionally well-managed condominiums and established Midtown locations. The open-concept layout provides generous flexibility for living, dining and sleeping, complemented by a functional kitchen, full bathroom and practical storage. Large windows, abundant natural light and an impressive open view give the residence a bright and airy quality with an unobstructed view overseeing one of Toronto finest neighbrouhoods. With its neutral interior and highly adaptable floor plan, the suite provides an ideal blank canvas for renovators and design-minded buyers looking to create a sophisticated, personalized space. Its existing layout also presents the opportunity to achieve a meaningful transformation through a relatively modest renovation. Residents of The Shermount benefit from a professionally managed and well-maintained building offering a collection of convenient amenities, including a party and meeting room, recreation and games room, visitor parking, bicycle storage, secure entry and on-site security/concierge services. The location is equally compelling. Lawrence West Subway Station is within walking distance, providing seamless access to the rest of Toronto, while Yorkdale Shopping Centre, Lawrence Allen Centre, restaurants, parks, shops and everyday essentials are all close at hand. Offered as an estate sale, this residence represents exceptional value in a coveted Midtown location. Whether envisioned as a stylish first home, a strategic investment or a low-maintenance city residence, the combination of generous square footage, excellent natural light, an open outlook and renovation potential creates an exciting opportunity to add value and make the space entirely your own.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$397
LockerNone
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,611
mls© NumberC13820880
Listed ByBLACK AND WHITE REAL ESTATE BROKERAGE LTD.
Heat Included
Common Elements Included
Hydro Included
Water Included
CAC Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,582
Property tax
$134
Heat allowance
$150
Condo fees, half counted
$198
Housing costs
$2,064 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $61,800
25-yr amortization

Income needed

$64,000

gross annual household income

Payment at 4%
$1,300 / mo
Cash down
$61,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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