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    816 - 650 Lawrence Ave W

    For SaleThe Shermount Condos
    $769,000
    2 Beds
    2 Bath
    1 Parking
    965 SQFT
    77 Days on Strata
    Est Sell Timeframe
    17 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $798/mth
    Taxes:
    $2,703 (2024)
    Cost Per Sqft:
    $797/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    September 30, 2024
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Ceramic Floor, Double Closet, Mirrored Closet
    9.51 x 5.25ft
    Living
    O/Looks Dining, Walkout To Balcony, Vinyl Floor
    13.78 x 13.12ft
    Dining
    L-Shaped Room, O/Looks Living, Vinyl Floor
    13.45 x 9.84ft

    About this Listing

    Welcome to 650 Lawerence Ave W #816! This charming 2-bedroom, 2-bathroom condo in the heart of Toronto offers 965 sq ft of living space plus a 50 sq ft balcony. Built by Tridel, one of Canadas most trusted developers, it showcases superior craftsmanship and attention to detail. Perfect for first-time buyers or those looking to downsize, this unit provides a cozy, low-maintenance lifestyle with all utilities included in the fees. Enjoy peace of mind with a well-built home and the convenience of your own underground parking spot. With everything you need at your doorstep, this condo is the ideal blend of comfort, quality, and city living.With an impressive 84 walk score and 84 transit score, this location offers unparalleled convenience, allowing you to enjoy the luxury of leaving your car at home. Imagine the ease of a short drive or a quick bus ride to the prestigious Yorkdale Mall, where high-end shopping and dining await. Alternatively, take a leisurely stroll to the Lawrence-Allen Plaza, where everyday essentials are just steps away. This vibrant neighborhood has everything you need within reach, from trendy boutiques and gourmet restaurants to parks and recreational facilities. Embrace a lifestyle of convenience and sophistication in your new home, where every detail is designed to enhance your quality of life. This is more than just a place to live; it's a community where you can thrive. Don't miss the opportunity to make this exceptional property your own! This condo has undergone a stunning renovation, featuring modern washrooms, sleek updated floors, and a fresh coat of paint throughout. These thoughtful upgrades give the space a contemporary, move-in-ready feel. Imagine the convenience of stepping into a meticulously refreshed home, where every detail has been carefully designed for comfort and style. This is more than just an upgrade; it's an opportunity to start fresh in a beautifully updated space that combines modern elegance with city living.

    ExtrasA key highlight is the all-inclusive maintenance fees, covering all utilities for a hassle-free living experience with no extra bills. Renovated with new washrooms, updated floors, and fresh paint, this condo feels like a brand-new home.

    fortune homes realty inc.MLS® #C9264581


    Amenities

    Concierge
    Party Room
    Rec Room
    Media Room
    Security System
    Indoor Parking

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,554
    Average Individual Income
    $69,818
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,118
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    17%
    50 - 64
    23%
    65+
    24%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    25%
    $60,000+
    14%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    48%
    High Rise Apartment
    18%
    Low Rise Apartment
    14%
    Semi Detached
    13%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    67%
    Cantonese
    14%
    Mandarin
    12%
    Tagalog
    2%
    Tamil
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    30%
    High School
    26%
    College
    17%
    None
    17%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    29%
    Architecture & Engineering
    16%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Physical Sciences
    6%
    Personal, Protective & Transportation Services
    3%
    Humanities
    3%
    Education
    3%
    Visual & Performing Arts
    2%

    Maintenance Fees

    The Shermount Condos vs The Englemount | Lawrence Area

    Days on Strata

    Units at The Shermount Condos spend an average of
    37
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Englemount | Lawrence

    Turnover of Units

    On average, each unit is owned for
    7.9
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 17 condos in the Englemount | Lawrence area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    The Shermount Condos offers the
    ?
    best value out of 17 condos in the Englemount | Lawrence neighbourhood

    Appreciation Rank

    The Shermount Condos has the
    ?
    highest ROI out of 17 condos in the Englemount | Lawrence neighbourhood

    Rental Yield

    The Shermount Condos yields the
    ?
    highest rent prices out of 17 condos in the Englemount | Lawrence neighbourhood

    High Demand

    The Shermount Condos is the
    ?
    most popular building out of 17 condos in the Englemount | Lawrence neighbourhood

    Transaction Insights at 650 Lawrence Avenue W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$450,900 - $553,500$520,000 - $607,000$672,000No DataNo Data$965,000
    Avg. Cost Per SqftNo Data$801$707$624No DataNo Data$731
    Avg. Wait for Unit Availability129 Days82 Days86 Days119 Days377 Days761 Days303 Days
    Ratio of Units in Building12%29%23%22%4%6%8%

    Transactions vs Inventory

    Total number of units listed and sold in Englemount | Lawrence