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524 - 650 Lawrence Avenue W
Englemount-Lawrence, Toronto
$309,000
**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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $397 |
| Locker | None |
| Balcony | Open |
| Exposure | North |
| Parking Type | Underground |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $1,611 |
| mls© Number | C13820880 |
| Listed By | BLACK AND WHITE REAL ESTATE BROKERAGE LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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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.
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 checkInvestment Analysis
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